Adjusted earnings of 59 cents per share smashed analysts' expectations of 19 cents per share, per LSEG.
Revenue also beat estimates, coming in at $3.77 billion compared with the $3.6 billion forecast.
Otherwise, the company topped fiscal fourth-quarter earnings and revenue estimates.
It now forecasts third-quarter revenue of $108 million to $113 million, lower than prior guidance of $150 million to $165 million.
Tenet Healthcare — Shares jumped more than 11% after Tenet Healthcare said it would sell three of its South Carolina hospitals to Novant Health.
Persons:
Ross, Dillard's, GitLab, — CNBC's Brian Evans, Alex Harring, Hakyung Kim, Tanaya Macheel, Pia Singh
Organizations:
Old Navy, Revenue, Brands Holdings, Spectrum Brands, ChargePoint Holdings, Tenet, Tenet Healthcare, Novant Health, Ross Stores, Reuters, Justice Department, Pacific Biosciences, UBS, biosciences, —, ISI, Barclays
Locations:
South Carolina, California