After-Hours Stock Movers:
Broadcom (NASDAQ:AVGO) rose 10% after beating EPS and revenue estimates for the second quarter and announcing plans for a ten-for-one forward stock split.
Dave & Buster's Entertainment (PLAY) fell 7% after reporting results for the first quarter that were well below consensus estimates on the top and bottom line, along with a comparable store sales decrease of 5.6% year-over-year.
Ultragenyx Pharma (RARE) declined 7% after it announced that it has commenced an underwritten public offering of up to $350,000,000 of shares of its common stock and, in lieu of issuing common stock to certain investors, pre-funded warrants to purchase shares of its common stock.
J.Jill (JILL) fell 14% after it said it intends to offer 1,000,000 shares and an affiliate of TowerBrook Capital Partners L.P., J.Jill’s largest stockholder, intends to offer 1,000,000 shares.
Oxford Industries (NYSE:OXM) declined 4% after the Tommy Bahama owner reported disappointing first quarter EPS relative to consensus. Guidance also missed estimates. Management said consumer sentiment has dropped meaningfully from levels at the start of this year and the consumer has become more cautious than originally anticipated.
Ares Management (NYSE:ARES) fell 2% after the launch of an underwritten public offering of 2,650,000 shares of Class A common stock.
Pfizer (NYSE:PFE) fell 0.8% after it said the study evaluating the investigational mini-dystrophin gene therapy, fordadistrogene movaparvovec, in ambulatory patients with Duchenne muscular dystrophy did not meet its primary endpoint. Shares of rival Sarepta Therapeutics (NASDAQ:SRPT) climbed.