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Levi Strauss (LEVI): Shares fell 5% in prolonged buying and selling after the jeans-maker lowered its full yr forecast, citing the robust greenback and provide chain disruptions. Levi sees full-year adjusted earnings per share of $1.44 to $1.49, down from its earlier vary of $1.50 to $1.56, and 2022 web income progress of 6.7% to 7%.
For the third quarter, Levi reported adjusted earnings of 40 cents a share on income of $1.52 billion.
Superior Micro Units (AMD): The chipmaker fell in after hours buying and selling after the corporate lowered its steering for third-quarter venue, noting a weak PC market and “important” stock corrections all through the PC provide chain. AMD now sees 3Q gross sales of $5.6 billion, down from its earlier estimate of $6.71 billion.
Opponents Nvidia (NVDA) and Intel (INTC) fell within the submit market on the information.
Tilray (TLRY), Cover Progress (CGC), Aurora Hashish (ACB): Hashish shares soared forward of the shut and added to good points in prolonged buying and selling after President Biden pardoned all prior Federal offenses of easy possession of marijuana. Biden additionally urged Governors to do the identical with state offenses and requested the Secretary of Well being and Human Companies Xavier Becerra and Lawyer Basic Merrick Garland to evaluation how marijuana is classed below federal legislation.
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