After-hours buzz: AVGO, LULU & more

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Wall Street NYSE


Check out the companies making headlines after the bell:

Shares of Broadcom gained more than 3 percent after the company increased its dividend, reported better-than-expected earnings and gave strong first-quarter revenue guidance. The company upped its dividend to $1.75 from $1.02.

The communications chipmaker posted earnings of $4.59 per share on $4.85 billion in revenue. Analysts had expected Broadcom to report earnings of $4.52 a share on $4.83 billion in revenue, according to Thomson Reuters consensus estimates.

Lululemon Athletica stock jumped more than 6 percent, after the company posted better-than-expected earnings and raised its guidance. The activewear and lifestyle retailer also reported sames-store-sales growth of 7 percent, an important metric for retailers.

Okta shares jumped nearly 5 percent, after the company reported 61 percent year-over-year revenue growth. Okta also said it saw subscription revenue swell 64 percent year over year.

Ollie’s Bargain Outlet stock dipped 2 percent after reporting a slim beat on third quarter earnings and revenue. Ollie’s Bargain outlet stock is up more than 79 percent year to date.



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