Check out the companies making headlines in extended trading. Nordstrom – Shares jumped about 7% after the company’s second-quarter earnings topped analysts’ estimates. The retailer reported adjusted earnings of 96 cents per share, topping consensus forecasts of 71 cents per share, according to LSEG. Meanwhile, revenue of $3.89 billion missed the estimate for $3.90 billion. Ambarella – The semiconductor developer surged 20% after posting upbeat revenue guidance for the fiscal third quarter . Ambarella sees third quarter revenues ranging from $77 million to $81 million, while analysts polled by LSEG called for $69 million. The company also beat the Street’s estimates on the top and bottom line in the second quarter. Box – The cloud storage company advanced 4.3% after reporting a top and bottom line beat for the second quarter. Box reported adjusted earnings of 44 cents per share on $270 million in revenue. Analysts surveyed by LSEG had estimated earnings of 40 cents per share on $269 million in revenue. SentinelOne – The cybersecurity stock slipped less than 1%. Third-quarter revenue guidance of $209.5 million was in-line with consensus estimates. For the second quarter, adjusted earnings came in at just 1 cent per share, while analysts had forecasted a marginal loss, per LSEG. Revenue came in slightly above expectations at $199 million versus $197 million. nCino – Shares of the cloud banking services provider fell 11%. Guidance for the third quarter disappointed Wall Street, with the company calling for adjusted earnings of 15 cents to 16 cents per share, while analysts polled by FactSet called for 16 cents per share. Revenue forecasts for the period missed the mark, coming in at $136 million to $138 million, versus analysts’ estimate of $138.6 million. PVH – The owner of Tommy Hilfiger and Calvin Klein dropped more than 7% after offering a bleak outlook for the third quarter. PVH sees third-quarter adjusted earnings coming in at $2.50 per share, while analysts polled by LSEG anticipated $3.12 per share. The company also expects revenues will decline by 6% to 7% from the year-ago period, worse than analysts’ expectation for a 4.6% decline — CNBC’s Darla Mercado contributed reporting
https://www.cnbc.com/2024/08/27/stocks-making-the-biggest-moves-after-hours-jwn-s-amba-and-more.html
