After-Hours Stock Movers:
Broadcom (NASDAQ:) rose 2.5% after it delivered robust fourth quarter results, along with first quarter revenue guidance that matched Wall Street’s ambitious estimates. AI revenue grew 220% year-on-year.
Costco (NASDAQ:) rose slightly after reporting first quarter results. Net sales for the first quarter increased 7.5%, to $60.99 billion from $56.72 billion last year.
RH (NYSE:) rose 16% after lifting full year revenue guidance. It sees full-year revenue growth of 6.8% to 7.2% vs 5% to 7% prior.
EVgo (NASDAQ:) rose 10% after it announced the closing of its $1.25 billion guaranteed loan facility from the U.S. Department of Energy Loan Programs Office under its Title 17 Clean Energy Financing Program to support EVgo’s forthcoming efforts to build public charging infrastructure.
Candel Therapeutics (CADL) fell 11% after it announced the launch of an underwritten public offering of $80 million of its common stock and, in lieu of common stock to certain investors, pre-funded warrants to purchase shares of its common stock.
