Let’s take a look at some of the companies that are catching our eye in after-hours trading. NVIDIA — The artificial intelligence chipmaker saw its shares fall 5% despite beating expectations in its second-quarter results. Adjusted earnings per share came in at 68 cents, beating the LSEG consensus estimate of 64 cents. Revenue was $30.04 billion, beating the $28.7 billion estimate. For the current quarter, NVIDIA expects revenue of about $32.5 billion, according to Street accounts, beating analyst expectations of $31.77 billion. Salesforce — The software stock rose 3.5% as Salesforce reported better-than-expected second-quarter earnings and raised its full-year profit outlook. Separately, the company said President and CFO Amy Weaver will be stepping down. CrowdStrike — The cybersecurity company beat second-quarter earnings expectations on both revenue and profit, sending its shares soaring 3.9%. CrowdStrike reported adjusted earnings per share of $1.04, beating LSEG’s consensus estimate of 97 cents per share. Revenue of $963.9 million beat the $959 million estimate. HP — The tech stock fell 3.6% after HP posted weaker-than-expected third-quarter results. Adjusted earnings per share of 83 cents fell short of the 86 cents per share expected by analysts surveyed by LSEG. But revenue of $13.52 billion beat the consensus estimate of $13.38 billion. Nutanix — The cloud infrastructure company surged 12%. Nutanix far beat Wall Street expectations in its fourth-quarter results, reporting adjusted earnings per share of 27 cents on revenue of $548 million. Affirm — Shares of the postpaid services company surged 15%. Affirm issued an optimistic outlook for first-quarter sales, predicting a range of $640 million to $670 million; analysts surveyed by LSEG expected $625 million. Fourth-quarter results also beat Wall Street expectations. Five Below — The discount retailer surged nearly 7%. Five Below’s high end of full-year guidance beat analysts’ expectations, with the company expecting adjusted earnings of $4.35 to $4.71 per share and sales of $3.73 billion to $3.8 billion. Analysts surveyed by LSEG expected earnings of $4.69 per share and sales of $3.78 billion. Victoria’s Secret — The lingerie retailer rose 3%. Victoria’s Secret raised its full-year outlook, saying net sales would fall about 1% year over year, down sharply from its previous forecast of a “low single-digit decline.” Analysts surveyed by FactSet had expected a 2.8% decline. Second-quarter results also beat market expectations, with revenue and sales. Okta — Shares fell 6.7% despite the company reporting second-quarter earnings and revenue that beat analysts’ expectations and a brighter third-quarter outlook. Adjusted earnings of 72 cents per share beat analysts’ expectations of 61 cents per share surveyed by LSEG. Revenue of $646 million beat the $633 million estimate. Pure Storage — Shares fell 14% despite Pure Storage reporting second-quarter results that beat analyst expectations. LSEG said the data storage company posted adjusted earnings of 44 cents per share, beating analysts’ expectations of 37 cents per share. Revenue of $763.8 million beat the $755 million estimate. Veeva Systems — Cloud computing stocks rose more than 4% after Veeva Systems reported better-than-expected second-quarter profit and revenue. Adjusted earnings were $1.62 per share, beating the FactSet consensus estimate of $1.53 per share. Revenue was $676.2 million, beating expectations of $667.8 million.
Biggest movers in after-hours trading: NVDA, CRM, CRWD, AFRM
Services
© 2024 Business Investopedia. All Rights Reserved.