Let’s take a look at some of the companies that are catching our eye in after-hours trading. Snowflake — Shares fell nearly 7% after the software company beat quarterly expectations and slightly raised its full-year product sales guidance. Snowflake reported second-quarter adjusted earnings of 18 cents a share, beating the 16 cents a share analysts surveyed by LSEG had expected. Revenue for the period was $869 million, beating the $851 million analysts had expected. Urban Outfitters — The retailer fell nearly 4% after same-store sales disappointed analysts. Urban Outfitters-branded stores that have been open at least a year fell 9.3% in the second quarter, while analysts had expected an 8.3% decline. The company also announced earnings of $1.24 a share on revenue of $1.35 billion. Agilent Technologies — Shares of Agilent, which provides products used in research processes, rose nearly 2% after a better-than-expected third-quarter earnings report. The company reported adjusted earnings per share of $1.32, while analysts surveyed by FactSet were expecting $1.26 per share. Revenue was $1.58 billion, slightly beating analysts’ expectations of $1.56 billion. Wolfspeed — The semiconductor stock fell about 1%. For the fourth quarter, Wolfspeed reported an adjusted loss per share of 89 cents, while analysts surveyed by LSEG were expecting a loss of 85 cents per share. LSEG said its quarterly revenue of $201 million was in line with analysts’ expectations. Zoom Video — Zoom rose 2.7% after reporting a strong second quarter that beat guidance expectations. The company posted adjusted earnings per share of $1.16 billion, beating earnings per share of $1.21. Zoom also announced that Chief Financial Officer Kelly Steckelberg is leaving the company. Charles Schwab — The brokerage’s shares fell nearly 5%. TD Bank Group Inc. said it sold 40.5 million shares of Schwab, reducing its stake in the bank to 10.1% from 12.3%. TD also said it had set aside $2.6 billion in reserves to resolve investigations into its anti-money laundering program and that proceeds from the sale of Schwab shares would offset that amount. —CNBC’s Darla Mercado and Robert Hamm contributed reporting.
Biggest movers in after-hours trading: SNOW, ZM, URBN
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