Workers install a Nike logo lamp in front of Wukesong Arena in Beijing on August 28, 2019.
Tingshu Wang | Reuters
Check out the companies that are making headlines after the bell:
Nike – The sports retailer's shares rose more than 9% in expanded trading Tuesday after posting better-than-expected earnings in the first quarter. Nike reported earnings of 95 cents per share on sales of $ 10.59 billion. Analysts polled by Refinitiv expected earnings of 47 cents per share on sales of 9.15 billion US dollars. The sneaker giant's digital sales rose 82%.
KB Home – The builder's shares fell nearly 4% in extended trading Tuesday after surpassing the third quarter of fiscal year income and loss. KB Home made 83 cents per share on sales of $ 999 million. Wall Street expected earnings of 53 cents per share on sales of $ 893 million, according to Refinitiv.
Stitch Fix – The personalized purchasing company's shares hit more than 14% crater after close of trading Tuesday after reporting a loss of 44 cents per share, 28 cents below analysts' estimates for quarterly earnings, according to Refinitiv. Stitch Fix reported sales of $ 443 million, beating estimates of $ 415 million. Stitch Fix has 3.5 million active customers, an increase of 9% over the previous year.
Lululemon – The sports retailer's shares rose more than 1% after the bell on Tuesday after it was announced that the company will resume its share buyback program, which was suspended due to Covid-19.
Tesla – The electric car maker's shares rose 1.2% on the hour after falling 5.6% on Tuesday. Ahead of the company's annual general meeting and Battery Day presentation, CEO Elon Musk said the announcements "won't reach serious mass production until 2022". The highly anticipated event begins at 4:30 p.m. ET.