Dollar General Corp (NYSE:DG) was the S&P 500's biggest loser after posting disappointing fiscal fourth-quarter earnings Thursday morning. Adjusted earnings per share was $1.84, missing the average analyst expectation of $1.88 per share. The discount chain beat on same-store sales, but issued annual guidance of diluted EPS between $6.30 and $6.50, short of the Refinitiv forecast of $6.65 per share, according to TheStreet.
The stock fell 7.5% to close at $111.64.
General Electric Company (NYSE:GE) stock closed up on Thursday after CEO Larry Culp offered investors a positive outlook on the company's power business, per CNBC. The power business saw $2.7 billion of negative cash flow in 2018, and Culp acknowledged 2019 will be worse. That said, he expects positive free cash flow in 2021.
Investors played the long game, sending shares up 2.8% to $10.30.
Adobe Inc (NASDAQ:ADBE) slipped in extended trading after giving a disappointing outlook for the second quarter. The company projected earnings per share of $1.77 on revenue of $2.7 billion. The average forecast of analysts was for earnings per share of $1.88 on revenue of $2.72 billion.
The stock of the multimedia software company decreased 1% to $265 after hours.
Broadcom Inc (NASDAQ:AVGO) gained after posting first-quarter results that beat the estimates of Wall Street analysts. The communications chip company reported earnings per share of $5.55 on revenue of $5.79 billion. The average forecast of analysts was for earnings per share of $5.23 on revenue of $5.82 billion.
Shares of the company rose 5.2% to $282 in extended trading.
Facebook Inc (NASDAQ:FB) is facing an investigation into data-sharing deals it made with other companies. Two unnamed companies that make smartphones have been subpoenaed by a New York grand jury over what they did with Facebook user data, The New York Times reported Wednesday. The social media giant is also in the midst of a partial outage, affecting users globally, per CNN Business, which began Wednesday and showed signs of ending early Thursday. In addition, reports said Chris Cox resigned as chief product officer.
Investors didn’t like it, dropping the share price 1.9% to $170.17.
Snap Inc. (NYSE:SNAP), on the other hand, did well after BTIG analyst Richard Greenfield, a longtime skeptic of the tech company, upgraded its stock and encouraged investors to buy, per CNBC. Greenfield said he could see the social media stock just 50% in the next year.
The share price surged almost 12% to $11.22.
MongoDB Inc (MDB) stock spiked thanks to fiscal fourth-quarter losses posted after the bell Wednesday that nevertheless beat expectations. The database platform posted a loss of $0.17 per share, easily beating the Zacks consensus estimate of a $0.38 loss per share.
Shares skyrocketed more than 25% to $130.94.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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