Employees assemble food containers on a production line at the Newell Rubbermaid factory in Mogadore, Ohio.
Ty Wright | Bloomberg | Getty Images
Check out the companies making headlines in the extended trade.
Newell Brands: The parent company of brands such as Yankee Candle and Rubbermaid saw its shares fall 3.8% after hours after revising its third-quarter revenue guidance, forecasting less than it had previously expected The company’s CEO said Newell has experienced “a significantly larger-than-expected pullback in retail orders and continued inflationary pressures on the consumer.”
Gitlab: Shares of the software developer rose 0.04% even after the company reported a narrower-than-expected loss in the most recent quarter. Gitlab also issued better-than-expected guidance for third-quarter loss and earnings per share.
Coupa Software: Coupa shares rose 13% after beating earnings estimates for its most recent quarter, with a profit of 20 cents a share compared with estimates of 9 cents a share, according to Refinitiv. Revenue for the quarter was also better than expected. The company’s outlook for earnings and revenue for the full year was good.
