After-hours stocks with significant price changes: Gap, Broadcom and others

Here are the stocks making notable moves in extended trading.

On Thursday, the chip stock increased by more than 3% in extended trading after Broadcom surpassed expectations on both the top and bottom lines for its fiscal first quarter. The company reported $8.39 of adjusted earnings per share, which was higher than the $8.08 per share that analysts surveyed by Refinitiv had predicted. Additionally, Broadcom's second-quarter revenue guidance exceeded expectations.

Gap's shares surged more than 8% in extended trading after reporting a smaller-than-expected loss for the fourth quarter and issuing strong earnings guidance. The retailer posted losses of 2 cents per share, versus the 14 cents forecast by Refinitiv analysts. Revenue came in at $4.53 billion, versus an estimated $4.49 billion. For the full year, Gap expects to earn between $1.85 and $2.05 per share. Analysts were expecting adjusted earnings of $1.86 per share.

The firearms manufacturer's stock price decreased by 14.7% in extended trading following the release of its fiscal third-quarter earnings, which fell short of analyst predictions. The company reported 69 cents in adjusted earnings per share on $177.7 million of revenue. Analysts surveyed by Refinitiv had anticipated 83 cents in earnings and $198.3 million in revenue, according to FactSet's StreetAccount. CEO Mark Smith stated in a statement that the firearms market has "cooled significantly" compared to earlier in the pandemic.

Sweetgreen's shares surged nearly 20% after hours, following the salad chain's announcement of stellar sales growth in the fourth quarter. This was the first time the restaurant has released a quarterly report since its public debut. Net sales increased by 63% to $96.4 million, exceeding analyst expectations of $84.7 million, according to Refinitiv. Despite this, the company reported a net loss for the quarter.