Costco, Gap, Broadcom, and more

Check out the companies making headlines on Thursday after the bell:

Costco – Costco shares fell 1.3% after the company released mixed fiscal results for the second quarter. Costco registered earnings per share of $ 2.14 on sales of $ 44.77 billion. Analysts polled by Refinitiv expected earnings per share of $ 2.45 on revenue of $ 43.78 billion. To be sure, the company noted that its digital sales are up 76% over the period.

Broadcom – Shares of the chipmaker fell 2.8% despite the company reporting better-than-expected revenues for the first quarter. Broadcom recorded earnings per share of $ 6.61 on revenues of $ 6.66 billion. Analysts polled by Refinitiv expected earnings per share of $ 6.55 on revenue of $ 6.62 billion.

Gap – The apparel retailer’s stock gained 4.7% as merchants weighed in on the company’s latest quarterly results. Gap reported sales of $ 4.42 billion. Analysts polled by Refinitiv expected revenue of $ 4.66 billion. However, the company also predicted sales would start to grow again this year after being battered by the coronavirus pandemic.

Imax – Imax shares rose 4.3% after the company reported mixed fourth-quarter results. The company posted a loss per share of 21 cents. Analysts polled by Refinitiv expected a loss of 20 cents a share. The company’s revenue of $ 56 million exceeded its forecast of $ 46.8 million.

CoStar Group – CoStar shares fell 5.5% after the company withdrew its bid to acquire CoreLogic. “With interest rates rising, now is not the time for us to buy aggressively in the residential mortgage market,” Andrew Florance, CoStar Group founder and CEO, said in a statement.

NXP Semiconductors – The chipmaker’s stock rose 0.9% after the company approved a 50% increase in its quarterly dividend. Shareholders receive 56.25 cents for every common share they own. In addition, NXP Semiconductor approved a $ 2 billion buyback program.