The U.S. stock market rally slowed down on Monday as big-cap tech stocks experienced a sell off, while toys fell 4.8% during the day. The S&P 500 Index fell 0.1%, the Dow Jones Industrial Average dipped 0.2% and the Nasdaq Composite was 1.1% lower by day’s end.
It was a quiet afternoon, but several companies still made headlines, including Advance Auto Parts, Inc. (NYSE:AAP), Coupa Software Inc (NASDAQ:COUP) and Under Armour Inc (NYSE:UAA).
Here’s how they did:
Advance Auto Parts, Inc. (AAP)
Advance Auto Parts fell slightly after hours before recovering slightly.
The automotive aftermarket parts provider took a step back early in the after-hours session as Vice President Robert Cushing reportedly dumped 163 shares of the company.
During the normal trading session, the stock had gained 4.7%. However, Advance Auto Parts was moving in the opposite direction during its extended trading on the news of Cushing’s move.
AAP stock eventually recovered, trading flat after hours.
Coupa Software Inc (COUP)
Coupa Software posted better-than-expected earnings results, but the company’s shares still declined late in the day.
The cloud-based spend management platform provider reported earnings at a loss of $11.3 million, or 21 cents per share, compared to a loss of $6.7 million, or 36 cents a share in the year-ago period.
On an adjusted basis, Coupa Software’s third quarter yielded earnings at a loss of five cents per share, topping the loss of 22 cents per share from a year ago. Analysts were calling for an adjusted loss of 11 cents per share, according to FactSet.
Revenue for the period came in at $47.3 million, which was stronger than the year-ago loss of $35.4 million. Analysts were calling for revenue of $45 million, according to FactSet.
For its fourth quarter, Coupa Software sees its earnings as coming in at a loss of 14 cents to 16 cents per share on an adjusted basis, compared to the consensus of a loss of 17 cents per share.
Over the same period, revenue is slated to be in the range of $48.3 million to $48.8 million, while the Wall Street consensus estimate forecasts a loss of $47.7 million.
COUP stock fell 3.8% after hours.
Under Armour Inc (UAA)
Under Armour could be moving today as the company made a new appointment in a leadership role.
The athletic apparel manufacturer and distributor announced David Bergman as its new Chief Financial Officer on Monday. He had been the acting CFO since February 2017.E: UA, UAA) today announced that David Bergman been named Chief Financial Officer (CFO). Bergman has served as acting CFO since February 2017.
“David Bergman brings strong financial expertise, leadership and a deep understanding of the Under Armour brand to this role,” said Under Armour Chairman and CEO Kevin Plank.
Plank added that Bergman has a proven track record of developing and leading the company’s global finance organization in his 13 years with Under Armour. These include the company’s IPO, expanding at a global scale and leading its restructuring efforts.
Bergman will report to Plan and will be responsible for the company’s accounting segment, as well as its finance, internal audit and insurance, investor relations, tax and treasury.
UAA stock was trading flat after the bell.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.
