Check out the companies making headlines in the advanced commerce space. Micron Technology — Shares jumped 13% after the semiconductor company beat revenue expectations and gave strong guidance on the metric. Micron reported revenue of $5.82 billion for its fiscal second quarter and forecast $6.6 billion in the current period. Both figures exceeded analysts’ respective consensus estimates of $5.35 billion and LSEG’s $6.02 billion. Adjusted earnings per share were 42 cents for the quarter, while analysts had expected a loss of 25 cents per share. Five Below – The retailer’s shares fell 13% on weak fourth-quarter earnings and guidance. Five Below earned $3.65 per share on revenue of $1.34 billion. Analysts surveyed by LSEG estimated earnings of $3.78 per share on revenue of $1.35 billion. The company also provided brief guidance on both fronts for the current quarter and full year. Chewy — The pet retailer added 1% as earnings beat consensus estimates for the fourth quarter. Chewy reported earnings per share of 7 cents and revenue of $2.83 billion, better than expectations of a loss of 5 cents per share on revenue of $2.77 billion. Despite this, the company gave a soft forecast for revenue in the current quarter. KB Home – Shares fluctuated in after-hours trading as traders analyzed the homebuilder’s earnings report, up nearly 1% in recent trading. KB Home earned $1.76 per share on revenue of $1.47 billion, while analysts surveyed by LSEG had forecast $1.57 per share and $1.46 billion in revenue. Speculation – Shares of the fashion designer rose 10% in extended trading after reporting strong fourth-quarter results. Guess posted adjusted earnings of $2.01 per share on revenue of $891 million. Analysts had forecast earnings of $1.56 per share and revenue of $856 million per LSEG. — CNBC’s Darla Mercado contributed reporting.
