Stocks Making the Biggest Moves After Hours: HP, Manchester United, Nordstrom, Autodesk and More

Tiger Newspress2022-11-23

Nordstrom crashed over 8% in extended trading; It trimmed its annual profit forecast on Tuesday, as the retailer wrestles with supply chain pressures, higher operating costs and aggressive discounting to clear out-of-fashion inventory.

Autodesk tumbled over 9% in extended trading; It said it expected billings of $5.57 billion to $5.67 billion for its full fiscal year, which ends Jan. 31. That's a bit lower than the forecast executives gave in August for between $5.7 billion and $5.8 billion.

Manchester United gained over 8% in extended trading; Its board is launching a process to explore strategic alternatives, including new investment into the sports club and a potential sale.

HP Inc. gained nearly 2% in extended trading; It will eliminate as many as 6,000 jobs over the next three years amid declining demand for personal computers that has cut into profits. Earnings, excluding some items, will be $3.20 to $3.60 a share in the fiscal year ending in October 2023.

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