Shoppers walk past a Bed Bath & Beyond store in Washington, D.C.
Andrew Harrer | Bloomberg | Getty Images
Check out the companies that make headlines after the bell:
Bed Bath & Beyond – Household goods retailer shares fell 11% in extended trading after the company released its first quarter financial results. Bed Bath & Beyond reported a loss of $ 1.96 per share excluding some items on sales of $ 1.31 billion, while analysts interviewed by Refinitiv reported a loss of $ 1.22 per share on sales of $ 1.39 billion USD expected. As the company closed its doors during the pandemic, the retailer's sales decreased 49% from $ 2.57 billion in the previous year to $ 1.31 billion. The company also said it will close around 200 of its stores over the next two years.
Chinese electric car manufacturer's NOK shares rose 3% in expanded trading. Nio's stock hit an all-time high on Wednesday, despite the China Passenger Car Association announcing that Chinese auto sales fell 6.5% yoy in June, according to SeekingAlpha. SeekingAlpha also reported that Nio was also a favorite among Robinhood traders last week.
Costco Wholesale – Big box retailer shares increased 1% in expanded trading after the company released its June sales results. Costco had net sales of $ 16.18 billion in June's retail month, up 11.1% from $ 14.57 billion in the previous year.
Norwegian Cruise Line – The cruise company's stock fluctuated in expanded trading, falling 1% after Norwegian announced in a securities registration that there was no "significant doubt" as to its ability to continue as a going concern. Norwegian previously warned of possible bankruptcy in May 2020, but raised over $ 2 billion shortly afterwards to ensure the company could survive next year without sales.
Twitter – The social media company's stock rose about 1% in after-hours trading. Twitter stock closed 7.34% higher in regular trading on Wednesday after the company released a job ad for a subscription platform codenamed "Gryphon". During the day, Twitter removed and added the mentions of a subscription feature through the listing.