After-Hours Stock Movers:
DexCom (DXCM) plunged 33% after the diabetes device maker cut its full year revenue outlook. It also issued third quarter revenue outlook that trailed estimates. Rival Tandem Diabetes (TNDM) shares traded lower in sympathy.
Skechers USA (SKX) rose 3% after it published second quarter adjusted EPS that beat estimates. It also lifted its full year revenue outlook. The company said it remains committed to and confident of achieving its long-term target of $10 billion in sales by 2026
Deckers Brands (DECK) rose 8% after second quarter results easily beat consensus, as HOKA and UGG continue to drive robust full-price demand in the global marketplace.
Olin Corp . (NYSE:OLN) fell 6.5% after it reported second quarter results that fell short of the average analyst estimate, missing on the top and bottom line. As a result of Hurricane Beryl, its operations at its Freeport, Texas facility were disrupted in early July.
Boston Beer Co. (NYSE:SAM) fell 5% after a quarterly revenue and EPS missed. The company said it is revising volume guidance to reflect softer category performance in the second quarter.