Check out the companies that made headlines after the bell: Nvidia — The chipmaker rose nearly 4% after announcing a 10-for-1 stock split. Nvidia also beat Wall Street’s fiscal first-quarter estimates on revenue and bottom line and issued strong guidance for the current quarter. Other artificial intelligence stocks rose in tandem, with Super Micro Computer and Advanced Micro Devices up more than 2% and 1%, respectively. Snowflake — The cloud computing company surged more than 5%. LSEG said its fiscal first-quarter revenue came in at $829 million, beating Street expectations and compared with the consensus estimate of $786 million. Adjusted earnings for the quarter came in at 14 cents a share, missing the consensus estimate by 4 cents. VF Corp. — The apparel and footwear company fell 9% after it posted an unexpected loss in the latest quarter and revenue missed Wall Street expectations. VF Corp. posted a loss of 32 cents a share on revenue of $2.37 billion. Analysts polled by LSEG expected earnings of 1 cent a share and sales of $2.41 billion. Elf Beauty — The cosmetics company fell 2% after reporting a full-year outlook that was weaker than Wall Street had hoped for. Elf expects net sales in the range of $1.23 billion to $1.25 billion, compared with the $1.27 billion expected by analysts polled by FactSet. The weak outlook overshadowed its fourth-quarter top and bottom line. Synopsys — Electronic design automation shares fell more than 1%. Synopsys missed Wall Street’s expectations for second-quarter fiscal top and bottom line sales, reporting adjusted earnings of $3 a share on sales of $1.46 billion. Analysts polled by LSEG expected earnings of $3.03 a share and sales of $1.5 billion. LiveRamp Holdings — The advertising technology stock soared nearly 12% on fourth-quarter earnings, beating analysts’ expectations, according to FactSet. LiveRamp also issued strong guidance for the current quarter and full year. The company expects revenue to be in the range of $710 million to $730 million this year, compared with the consensus estimate of $704.8 million. News Corp — The owner of Dow Jones and The Wall Street Journal rose 4% after signing a multiyear deal to make its news content available to OpenAI. Cytokinetics — Shares fell 12% after the biopharmaceutical company, with JPMorgan, Goldman Sachs and Morgan Stanley acting as sole joint bookkeepers, announced a $500 million common stock offering. DuPont de Nemours — Shares rose about 5% after the company said it would split into three different businesses, one to focus on electronics and another on water filtration and purification. The third company will house the company’s industrial solutions business, which includes adhesives, and will become the New DuPont Company. CEO Ed Breen is also scheduled to step down June 1 and will be replaced by Chief Financial Officer Lori Koch. Breen will become chairman of the board. —CNBC’s Darla Mercado, Sarah Min, Scott Schnipper and Christina Cheddar-Berk contributed to reporting.
Biggest movers after hours: NVDA, SNOW, VFC
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