After-Hours Stock Movers:
Aaron's (NYSE:AAN) 25% LOWER; reported Q2 EPS of $0.79, $0.15 better than the analyst estimate of $0.64. Revenue for the quarter came in at $610.4 million versus the consensus estimate of $607.87 million. Aaron's sees FY2022 EPS of $1.75-$2.15, versus the consensus of $2.68. Aaron's sees FY2022 revenue of $2.19-2.27 billion, versus the consensus of $2.34 billion.
Walmart Inc. (NYSE:WMT) 10% LOWER; cut its Q2 and full 2023-year guidance primarily due to pricing actions aimed to improve inventory levels at Walmart and Sam’s Club in the U.S. and mix of sales.
Shell Midstream Partners, L.P. (NYSE:SHLX) 10% HIGHER; Shell USA, Inc. and Shell Midstream Partners, L.P. (SHLX) today announced they have executed a definitive agreement and plan of merger (the "Merger Agreement," and the transactions contemplated thereby, collectively, the "Transaction") pursuant to which Shell (LON:RDSa) USA will acquire all of the common units representing limited partner interests in SHLX held by the public (the "Public Common Units") at $15.85 per Public Common Unit in cash for a total value of approximately $1.96 billion. A subsidiary of Shell USA currently owns 269,457,304 SHLX common units, or approximately 68.5% of SHLX common units.
F5 Networks (NASDAQ:FFIV) 6% HIGHER; reported Q3 EPS of $2.57, $0.33 better than the analyst estimate of $2.24. Revenue for the quarter came in at $674 million versus the consensus estimate of $668.36 million. F5 Networks sees Q4 2022 EPS of $2.45-$2.57, versus the consensus of $2.28. F5 Networks sees Q4 2022 revenue of $680-700 million, versus the consensus of $689.4 million.
Target Corporation (NYSE:TGT) 5% LOWER; falls after Walmart's warning.
Macy's, Inc. (NYSE:M) 4% LOWER; falls after Walmart's warning.
Amazon.com, Inc. (NASDAQ:AMZN) 4% LOWER; falls after Walmart's warning.
Dollar Tree, Inc. (NASDAQ:DLTR) 4% LOWER; falls after Walmart's warning.
Five Below, Inc. (NASDAQ:FIVE) 4% LOWER; falls after Walmart's warning.
Cadence Design Systems (NASDAQ:CDNS) 3% HIGHER; reported Q2 EPS of $1.08, $0.12 better than the analyst estimate of $0.96. Revenue for the quarter came in at $858 million versus the consensus estimate of $834.51 million. Cadence Design Systems sees Q3 2022 EPS of $0.94-$0.98, versus the consensus of $0.93. Cadence Design Systems sees Q3 2022 revenue of $860-880 million, versus the consensus of $847.8 million. Cadence Design Systems sees FY2022 EPS of $4.06-$4.12, versus the consensus of $3.93. Cadence Design Systems sees FY2022 revenue of $3.47-3.51 million, versus the consensus of $3.41 million.
Dollar General (NYSE:DG) 3% LOWER; falls after Walmart's warning.
Costco Wholesale (NASDAQ:COST) 3% LOWER; falls after Walmart's warning.
Ross Stores, Inc. (NASDAQ:ROST) 3% LOWER; falls after Walmart's warning.
Kohl's Corporation (NYSE:KSS) 3% LOWER; falls after Walmart's warning.
Lowe's Companies, Inc. (NYSE:LOW) 2% LOWER; falls after Walmart's warning.
The Home Depot , Inc. (NYSE:HD) 2% LOWER; falls after Walmart's warning.
Whirlpool (NYSE:WHR) 2% HIGHER; reported Q2 EPS of $5.97, $0.70 better than the analyst estimate of $5.27. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $5.23 billion. Whirlpool sees FY2022 EPS of $22.00-$24.00, versus the consensus of $23.91. Whirlpool sees FY2022 revenue of $20.7 billion, versus the consensus of $21.84 billion.