Costco, Gap, Broadcom and more

Check out the companies that make news after Thursday’s bell:

Costco: Costco shares fell 1.3% after the company posted mixed second-quarter tax results. Costco posted earnings per share of $ 2.14 in revenue of $ 44.7 billion. Analysts surveyed by Refinitiv were expecting earnings per share of $ 2.45 for revenue of $ 43.788 billion. Incidentally, the company noted that its digital sales increased 76% during the period.

Broadcom: Chips maker shares fell 2.8%, although the company reported better-than-expected earnings during the first quarter. Broadcom posted earnings per share of $ 6.61 in revenue of $ 6.66 million. Analysts surveyed by Refinitiv expected earnings per share of $ 6.55 for revenue of $ 6.62 million.

Gap – The clothing retailer’s shares rose 4.7% as traders weighed in on the company’s latest quarterly results. Gap recorded revenue of $ 4.42 million. Analysts polled by Refinitiv expected revenue of $ 4.666 billion. However, the company also predicted that sales would start growing again this year after being attacked by the coronavirus pandemic.

Imax: Imax shares rose 4.3% after the company reported mixed fourth-quarter results. The company recorded a loss per share of 21 cents. Analysts polled by Refinitiv expected a loss of 20 cents per share. However, the company’s revenue of $ 56 million exceeded forecasts of $ 46.8 million.

CoStar Group: CoStar shares appeared 5.5% after the company withdrew its offer to acquire CoreLogic. “With rising interest rates, now is not the time to aggressively buy the residential mortgage market,” Andrew Florance, founder and CEO of CoStar Group, said in a statement.

NXP Semiconductors: Chips maker shares rose 0.9% after the company approved a 50% rise in the quarterly dividend. Shareholders will receive 56.25 cents for each common share they hold. In addition, NXP Semiconductor approved a $ 2 billion repurchase program.