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Williams-Sonoma Jumps After Hours; Micron Recovers, Guess Plunges

Investing.com - Here are the stocks moving postmarket.

Shares of Micron Technology (NASDAQ:MU) reversed course and were up more than 4% in after-hours trading. The stock fell initially following mixed quarterly results. Micron beat forecasts on the bottom line but fell short on the top line.

For the year, the company lowered its guidance for NAND and DRAM bit demand growth, Briefing.com reported. For its fiscal third quarter, earnings and revenue guidance was also below consensus.

Retailer Williams-Sonoma (NYSE:WSM) rose 3% postmarket following earnings that handily topped forecasts and bullish guidance.

The company forecasts earnings of $4.50 to $4.70 per share for fiscal 2020, excluding items, higher than the S&P Capital IQ number of $4.44.

Williams-Sonoma also said it will boost its dividend by 11.6% to 48 cents per share and added another $500 million to its stock buyback program.

And shares of fashion company Guess (NYSE:GES) dove more than 13%. Guess reported fiscal-fourth quarter earnings of 70 cents per share, below the consensus of analysts compiled by Investing.com.

Revenue was about in line with expectations, while guidance for its fiscal first quarter was also in line with estimates.

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