Levi Strauss, FuboTV, WD-40 & more
The fuboTV logo will be hung on the New York Stock Exchange on October 8, 2020 on the day of its IPO in the New York City borough of Manhattan, New York, USA.
Carlo Allegri | Reuters
Check out the companies that hit the headlines on Thursday after the bell:
Levi Strauss – The denim maker’s shares rose 3.2% after the company raised its forecast for the first half of the year. An increase in sales of between 24% and 25% is expected during this period. Adjusted earnings are expected to be between 41 cents per share and 42 cents per share. Levi also reported better than expected results for the previous quarter. Levi posted earnings per share of 34 cents on sales of $ 1.31 billion. Analysts polled by Refinitiv expected earnings per share of 25 cents on sales of 1.25 billion US dollars.
WD-40 – WD-40 stocks were down 7% after the company posted weaker than expected results for the previous quarter. The company had earnings per share of $ 1.24 on sales of $ 111.9 million. Analysts surveyed by Refinitiv expected earnings per share of $ 1.32 on sales of $ 114.3 million.
FuboTV – The sports streaming service’s inventory increased 6.5% after the company acquired exclusive streaming rights to the qualifiers for the 2022 South American World Cup in Qatar.
Amazon – The e-commerce giant’s shares rose marginally as employees at its fulfillment center in Bessemer, Alabama, voted on union formation.