Stocks to Watch on Friday: RH, Broadcom, and 51Talk

With U.S. stock futures showing a mixed performance this Friday, here are some key stocks that investors may want to pay attention to:

• RH experienced disappointing earnings and sales for its third quarter. Despite this, the company has raised its revenue expectations based on current trends. RH is now forecasting a demand growth of 20% to 22% for the fourth quarter, with revenue growth anticipated between 18% to 20%, according to information provided by Benzinga Pro. Following this news, RH shares rose significantly by 17.7%, reaching $448.70 in after-hours trading.
• 51Talk Online Education Group is expected to release its unaudited financial results for the third quarter ending on September 30, before the market opens. In after-hours trading, shares of 51Talk Online Education have decreased by 2.9%, landing at $17.00.
• Broadcom Inc. reported better-than-expected earnings for its fourth quarter. The company anticipates first-quarter revenues to be around $14.6 billion, slightly below the estimated $14.612 billion. Additionally, Broadcom has provided guidance for adjusted EBITDA to be about 66 percent of the projected first-quarter revenue. As a result, Broadcom shares surged by 14.1%, closing at $206.10 in after-hours trading.

For comprehensive coverage of the market before it opens, check out the latest updates.

• Inovio Pharmaceuticals, Inc. announced a proposed public offering, resulting in a sharp decline of 21% in its shares to $2.9696 during after-hours trading.
• Costco Wholesale Corporation delivered positive results for its first quarter on Thursday, reporting revenues of $62.15 billion, surpassing the consensus estimate of $62.08 billion. Nevertheless, shares of Costco fell by 0.6%, closing at $988.39.

Note: It's essential to stay updated on these stock movements as they can influence market trends significantly.

stocks, earnings, trading