Stocks making the biggest moves after hours: Micron, Peloton, Jefferies and more

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The Micron Technology Inc. offices in Shanghai on April 6, 2023.

Qilai Shen | Bloomberg | Getty Images

Check out the companies making headlines in extended trading.

Micron Technology — The chip stock slid 4% in extended trading after Micron offered weaker-than-expected earnings guidance for the current quarter. Micron expects a loss per share of $1.07, while the analysts polled by LSEG (formerly Refinitiv) expected 95 cents. Elsewhere, the company posted a narrower-than-expected loss for the fiscal fourth quarter, as well as revenue that came in ahead of expectations. Current-quarter revenue guidance is also higher than analysts anticipated.

Peloton Interactive — The stationary bike manufacturer jumped 13% after the bell on news of a five-year partnership to develop content for Lululemon. Meanwhile, Lululemon added nearly 1% in extended trading.

Jefferies Financial — The bank retreated 3% after reporting fiscal third-quarter earnings of 22 cents per share on revenue of $1.18 billion, down from the year-ago period. Jefferies said this quarter’s earnings were affected by a pretax loss in the company’s legacy merchant banking portfolio.

H.B. Fuller – The chemical company’s shares fell about 1% after a weak third quarter financial report. H.B. Fuller reported $1.06 in earnings per share, excluding items, on $900.6 million in revenue, while analysts polled by FactSet forecast $1.14 in earnings per share on $954 million in revenue.

Duckhorn Portfolio — The luxury wine producer lost 2.8% after giving full-year guidance that was worse than analysts anticipated. Duckhorn stated that the full-year profit should be between 67 and 69 cents excluding items. FactSet’s consensus estimate was slightly higher, at 70 cents a share. The company forecast revenue for the full year between $420 and $430 millions, which was less than analysts’ expectations of $432.8million. The company beat analyst expectations in both areas during its fourth fiscal quarter.