Shares that make the most important strikes after the bell: Gamestop, Sq., Intuit

By UMass Mag On Feb 23, 2021

Patrick T. Fallon | Bloomberg | Getty Images

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

Square – The financial services firm’s shares fell 4.1% after it was revealed that Square had purchased $ 170 million worth of Bitcoin. Square also reported quarterly results that exceeded analysts’ expectations. The company made 32 cents per share on sales of $ 3.16 billion. Analysts polled by Refinitiv had forecast earnings of 24 cents per share on sales of 3.09 billion US dollars.

Toll Brothers – The housing company’s shares rose 1.4% after Toll Brothers reported better-than-expected results in the first quarter of its fiscal year. The company had earnings per share of 76 cents on sales of $ 1.41 billion. According to Refinitiv, analysts expected earnings of 47 cents per share on sales of 1.35 billion US dollars.

GameStop – The gaming retailer’s shares fell 4% after GameStop announced the resignation of CFO Jim Bell, effective March 26. The company also announced that it has started a search for Bell’s replacement.

Intuit – Intuit stock fell 3% after the company’s quarterly results fell short of analyst estimates. The company reported earnings per share of 68 cents, while FactSet put earnings per share at 86 cents. Intuit also missed the top line brand, generating $ 1.58 billion in sales. According to FactSet, analysts expect sales of 1.68 billion US dollars.

Sprout Social – The software company’s stock rose 3.5% on better-than-expected fourth quarter results. Sprout reported a loss of 6 cents per share. According to FactSet, analysts expected a loss of 11 cents per share. Sprout’s sales of $ 37.5 million also exceeded analyst estimates.

Verisk Analytics – The analytics firm’s shares fell 3% after the company reported weaker than expected fourth quarter results. Verisk reported earnings per share of $ 1.27 while FactSet estimated earnings per share of $ 1.30. The company also reported revenue of $ 713.3 million, slightly below analysts’ forecasts.

Flowserve – Flowserve stock was down 8% after the industrial machinery company released a full-year earnings forecast that disappointed analysts and investors. The company expects earnings per share to be between $ 1.30 and $ 1.55. Analysts surveyed by FactSet expected earnings guidance of $ 1.66 per share for 2021.