In This Article:
Asking for a Trend host Josh Lipton takes a look at some stocks moving in after-hours trading.
Petco (WOOF) stock is on the rise after the company provided a better-than-expected first quarter and full-year outlook.
Jefferies (JEF) stock is stumbling as the financial group reported a drop in profit in its fiscal first quarter earnings report.
GameStop (GME) stock is trading lower as the company announced plans to offer $1.3 billion in convertible senior notes.
To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.
All right, let's take a look now at what's running after hours. Petco shares surge after the company provides a better than expected outlook, adjusted EBITDA guidance for the full year and first quarter coming above Wall Street's estimates. Petco Health and Wellness company expecting double digit adjusted EBITDA growth in 2025. Next up, let's take a look at Jeffries here. The financial group moving lower after it revealed its fiscal first quarter earnings declined amid a drop in investment banking and capital markets revenue, with activity hurt by uncertainty around your policy and geopolitics. Results mark a reversal from a year ago and momentum in trading and deals was strong to build. And GameStop shares, they're falling after hours. The company announcing plans to offer $1.3 billion of convertible senior notes. This is coming after the company reported earnings yesterday and taking a page from strategy saying it will invest corporate cash in Bitcoin.