U.S. stock markets retrieved from all-time highs on Tuesday, driven by hawkish comments from the Fed, a falling U.S. dollar and
still lukewarm inflation figures out of a consumer-price report.
Urban Outfitters, Inc. (NASDAQ: URBN)
reported Q2 results with EPS of $0.66 and revenues of $891 million beating
the Street’s consensus of $0.56 and $886.8 million, respectively. Shares of the retailer traded up more than 10 percent.
Cree, Inc. (NASDAQ: CREE) tumbled more
than 6.1 percent
after posting Q4 EPS of $0.19, missing the Street’s consensus by $0.01. Revenue of $388.41 was $2.58 million higher than expected.
Also disappointing was the guidance.
Popeyes Louisiana Kitchen Inc (NASDAQ: PLKI) lost roughly 1.75 percent after the bell rang, on in-line
Q2 EPS of $0.47, and revenue of $61.7 million, which fell $1.69 million short of consensus.
MeetMe Inc (NASDAQ: MEET) was up more
than 3.5 percent after reiterating strong guidance figures for its third quarter and full year. For Q3 management expects revenue
of $17 million to $17.5 million, which compares to consensus of $17.28 million, and adjusted EBITDA of $6.5 million to $7 million,
up at least 25 percent year-over-year..
The United States Oil Fund LP (ETF) (NYSE: USO) was down 0.37 percent after-hours, as API crude inventories tumbled 1 million
barrels, gasoline inventories rose 2.2 million barrels, and distillate inventories surged 2.4 million barrels.
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