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Home INTERNATIONAL Micron, Simon Residence Group, Boeing and additional

Micron, Simon Residence Group, Boeing and additional

Buyers ascend and descend escalators at the King of Prussia Shopping mall, owned by Simon House Group, United State’s most significant retail buying space, in King of Prussia, Pennsylvania.Mark Makela | ReutersCheck out the companies building headlines just after the bell.Micron Technology — The technological know-how firm’s stock jumped as a great deal as 6% in prolonged buying and selling soon after Micron posted 3rd-quarter earnings. The organization reported earnings of 82 cents for each share, excluding some products, on revenue of $5.44 billion, even though analysts believed earnings of 77 cents for every share on revenue of $5.31 billion, primarily based on Refinitiv consensus estimates. Micron also offered powerful steerage on earnings and revenue for the fourth quarter.Lululemon — The athletic attire retailer’s inventory rose additional than 3% in extended trading right after Lululemon introduced it was acquiring in-household exercise enterprise Mirror for $500 million. After the deal closes, Mirror will be a standalone company inside of Lululemon. Brynn Putnam will remain on as Mirror’s CEO under Lululemon main Calvin McDonald. The deal is anticipated to close in the 2nd quarter of fiscal 2020, in accordance to the companies.Simon Property Group — Shares of Simon Home Group rose as much as 6% soon after the market closed. The authentic estate investment believe in supplied an update Monday on the reopening of its retail houses and declared a $1.30 per popular share dividend for the next quarter of 2020. Much more than 18,000 U.S. merchants across Simon’s portfolio have reopened, according to a organization assertion. The stock rose 10% all through the trading session. Conagra — The packaged food items company’s stock climbed 2% just after the closing bell. Conagra introduced Monday that it is suspending U.S. advertising and marketing on Facebook and Instagram by means of 2020. It joins a increasing list of firms pulling promoting from Fb in order to strain the social media large to acquire higher motion in curbing the spread of dislike speech and misinformation.Coty — The cosmetic company’s inventory dropped 1% in after-hours trading, just after gaining a lot more than 13% in the typical session. Coty declared previously Monday it will fork out $200 million for a 20% stake in Kim Kardashian West’s make-up brand name. Coty took a 51% stake in Kardashian West’s sister Kylie Jenner’s brand name earlier this 12 months.Boeing – The airplane manufacturer’s inventory fell almost 2% in extended investing, soon after surging additional than 14% earlier in the working day. On Monday, the Federal Aviation Administration commenced recertification test flights of the Boeing 737 Max. The flights are a key regulatory step in finding the planes back in service after two fatal crashes much more than a yr ago. Regulators will go on to examine the planes for quite a few additional months, and Boeing expects they will be back in professional service by the late slide.

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