Stock Markets March 4, 2026

After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva and more see volatile reactions

Mixed earnings and guidance drive notable after-hours swings across semiconductors, travel, retail and software names

By Leila Farooq AVGO STUB CBRL GO
After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva and more see volatile reactions
AVGO STUB CBRL GO

After the market close, several U.S.-listed companies moved sharply on a combination of earnings, outlooks and corporate actions. Broadcom was essentially flat after reporting results, raising guidance and announcing a $10 billion buyback. StubHub slid after weak results and forward targets. Retailers and healthcare staffing firms also recorded sizable moves as investors digested revenue misses or upside surprises. Software and biotech names that beat estimates gained.

Key Points

  • Broadcom reported results, guided to higher revenue for Q2 2026 and announced a $10 billion buyback, with shares last down 0.1%.
  • StubHub and Grocery Outlet experienced sharp declines after guidance missed or came in below consensus, affecting consumer-facing and travel commerce sectors.
  • Veeva Systems and Niagen Bioscience gained following earnings beats and constructive guidance or upside results, benefiting software and biotech investors.

Summary

Stocks reacted unevenly in after-hours trading as a number of companies released quarterly results, provided forward guidance or announced shareholder actions. Movers spanned semiconductors, online ticketing, casual dining, discount retail, staffing and enterprise software, with price moves reflecting the market's read on results versus expectations.


Company moves and details

  • Broadcom (AVGO) - Shares were choppy and were last down 0.1% after the company reported quarterly results and offered guidance, while announcing a $10 billion share buyback. Broadcom projects Q2 2026 revenue of $22 billion, compared with the consensus figure of $20.4 billion.
  • StubHub (STUB) - The stock fell 14% after reporting disappointing quarterly results and guidance. Management now expects 2026 gross merchandise sales (GMS) in the range of $9.9 billion to $10.1 billion and 2026 adjusted EBITDA between $400 million and $420 million.
  • Cracker Barrel (CBRL) - The casual-dining operator jumped 9% after a surprise earnings beat. The company reported Q2 earnings per share of $0.25, which was $0.45 above the consensus estimate of a $0.20 loss. Quarterly revenue totaled $874.8 million, compared with the consensus estimate of $868.19 million.
  • Grocery Outlet Holding Corp. (GO) - The discount grocer fell 22% despite reporting results that were broadly in line with expectations, following guidance for fiscal 2026 revenue of $4.6 billion to $4.72 billion versus a consensus forecast of $4.92 billion.
  • Cross Country Healthcare (CCRN) - Shares declined 19% after the company reported quarterly revenue of $236.76 million, below the consensus estimate of $254.31 million.
  • Niagen Bioscience (NAGE) - The stock rallied 30% after the company posted Q4 earnings per share of $0.05, beating the consensus of $0.02 by $0.03. Quarterly revenue was $33.8 million versus the $31.7 million consensus.
  • Veeva Systems (VEEV) - The enterprise software provider rose 8% after results comfortably beat consensus estimates and the company issued positive guidance. Veeva sees fiscal 2027 EPS of $8.85, versus the consensus of $8.59.

Market signal and context

The moves reflect a mix of beats, misses and forward views that diverge from analyst consensus. Some companies saw share prices pressured by guidance that fell short of expectations, while others were rewarded for surprising on the upside or for returning capital to shareholders.


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Bottom line

After-hours activity highlights how earnings and guidance can move investor sentiment across sectors. Semiconductors, travel-related commerce, casual dining and discount retail were among the most affected, while enterprise software and select biotech names saw positive reactions when results exceeded expectations.

Risks

  • Guidance that falls short of consensus can trigger steep share price declines, as seen with StubHub and Grocery Outlet - relevant to travel commerce and discount retail sectors.
  • Revenue misses can pressure staffing and services providers, illustrated by Cross Country Healthcare's drop - impacting healthcare staffing and services investors.
  • Market reactions to near-term guidance and buyback announcements may produce volatility even when underlying results differ from expectations, affecting large-cap semiconductor and software stocks.

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