After-Hours Market: Nortech Systems, Ulta Beauty, HP, Workday Gains

(RTTNews) - Nortech Systems Incorporated (NSYS) - Shares of the electromedical devices company surged over 50% on Thursday after the bell. Nortech Systems said it completed the sale and leaseback transactions for its manufacturing facilities in Bemidji and Mankato, Minnesota at a sale price of $6.3 million. The company plans to use the proceeds to pay down debt and related expenses and taxes. Nortech also entered into long-term lease agreements for the facilities for an initial 15-year term, with multiple renewal options.

Ulta Beauty, Inc. (ULTA) - Shares of the beauty store chain jumped nearly 15% on Thursday extended hours after the company's second-quarter earnings trumped Wall Street expectations. Ulta reported profit of $8.1 million or $0.14 per share, down from $161 million or $2.76 per share last year. Adjusted earnings were $0.73 per share, compared to $2.72 per share. Sales slipped 26% to $1.23 billion from $1.67 billion. Analysts polled by Thomson Reuters expected adjusted profit of $0.06 per share on sales of $1.24 billion. Ulta said its same-store sales fell nearly 27%, but e-commerce sales increased more than 200%.

HP Inc. (HPQ) - Shares of the PC maker gained over 3% on Thursday after-hours after the company's earnings and revenues for the third quarter trounced Wall Street estimates, reflecting strong demand for personal-computers during the COVID-19 lockdown period. The PC giant detailed a fourth-quarter outlook that is expected to beat current expectations. HP's third-quarter profit was $734 million or $0.52 per share, compared with net income of $1.2 billion or $0.79 per share last year. Adjusted earnings were $0.49 per share, compared with $0.58 per share. Revenue declined 2.1% to $14.3 billion from $14.6 billion a year ago. Analysts expected earnings of $0.43 per share and revenues of $13.3 billion. Personal Systems net revenue was up 7% year over year with total units up 11%. Demand for personal systems during the pandemic increased sharply as people started to work from home and attend classes online.

Workday Inc (WDAY) - Shares of the company jumped over 12% in after-hours trading Thursday after its second-quarter earnings and revenues trumped Wall Street estimates. Workday also announced Chano Fernandez has been promoted to co-CEO, joining Co-Founder Aneel Bhusri in overseeing the company. Workday reported a second-quarter loss of $28 million or $0.12 per share, narrower than $120.7 million or $0.53 per share last year. Adjusting earnings were $0.84 per share, up from $0.44 per share last year. Analysts expected adjusted profit of $0.66 per share on sales of $1.04 billion.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.