After-Hours Stock Movers:
Zoom (NASDAQ:ZM) shares fell 4% after it reported third quarter results and guidance that was slightly ahead of consensus views. Total revenue for the third quarter was $1,177.5 million, up 3.6% year over year.
Agilent Technologies (NYSE:A) fell 2% despite reporting better than expected fourth quarter results, after it issued guidance that trailed estimates. Fiscal year revenue is expected in the range of $6.790 billion to $6.870 billion vs the consensus of $6.83 billion. Non-GAAP earnings are expected in the range of $5.54 to $5.61 per share vs the consensus of $5.66.
HanesBrands (HBI) rose 2% after analysts at UBS upgraded the stock to from ‘neutral’ to ‘buy’.
Kohl’s (NYSE:KSS) fell 5% after it announced that Chief Executive Officer Tom Kingsbury plans to step down as CEO, effective January 15, 2025. He will stay on in an advisory role to the new CEO and retain his position on Kohl’s Board of Directors through his retirement in May 2025, after which the size of the board will be reduced by one.
