In extended trading, several companies captured investor attention:
Nvidia fell 5% despite surpassing expectations in its fiscal Q2 results, delivering adjusted earnings of 68 cents per share and $30.04 billion in revenue, both above consensus estimates. The chipmaker projects $32.5 billion in Q3 revenue, exceeding analysts’ projections.
Salesforce advanced 3.5% following stronger-than-expected fiscal Q2 results and an uplifted full-year profit outlook. President and CFO Amy Weaver announced her resignation, adding intrigue to the stock movement.
CrowdStrike saw shares rise 3.9% after beating fiscal Q2 expectations with $1.04 per share in adjusted earnings and $963.9 million in revenue.
HP dipped 3.6% as fiscal Q3 earnings of 83 cents per share fell short of expectations, though revenue of $13.52 billion slightly beat estimates.
Nutanix surged 12% after crushing Wall Street estimates in its fiscal Q4, reporting 27 cents per share in adjusted earnings and $548 million in revenue.
Affirm jumped 15% on the back of a positive fiscal Q1 revenue forecast, set between $640 million and $670 million, outperforming the $625 million expected by analysts. Fiscal Q4 results also surpassed expectations.
Five Below climbed nearly 7% as the top range of its full-year guidance eclipsed analyst estimates, forecasting adjusted earnings between $4.35 and $4.71 per share on $3.73 billion to $3.80 billion in revenue.
Victoria’s Secret saw a 3% rise after improving its fiscal full-year outlook, now expecting net sales to decline just 1%, better than the previous prediction of a "low-single digit" drop. Fiscal Q2 results beat the Street’s expectations.
Okta dropped 6.7% despite its fiscal Q2 performance surpassing forecasts and issuing optimistic Q3 guidance. The company delivered adjusted earnings of 72 cents per share and $646 million in revenue.
Pure Storage also faced a 14% decline, even though its fiscal Q2 results exceeded expectations, reporting 44 cents per share in adjusted earnings and $763.8 million in revenue.
Veeva Systems gained over 4% after delivering fiscal Q2 earnings of $1.62 per share and $676.2 million in revenue, both above analyst estimates.
Original Story https://www.cnbc.com/2024/08/28/stocks-making-the-biggest-moves-after-hours-nvda-crm-crwd-afrm.html
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