Check out the companies making headlines in extended trading: Nvidia — The artificial intelligence chipmaker dropped 5% even after Nvidia beat expectations in its fiscal second-quarter results. Adjusted earnings per share of 68 cents exceeded the LSEG consensus estimate of 64 cents per share. Revenue of $30.04 billion exceeded the anticipated $28.7 billion. In the current quarter, Nvidia expects about $32.5 billion in revenue, more than the $31.77 billion expected by analysts, according to StreetAccount. Salesforce — The software stock advanced 3.5% after Salesforce reported better-than-expected fiscal second-quarter results and raised its full-year profit outlook. Separately, the company said President and Chief Financial Officer Amy Weaver will step down. CrowdStrike — Shares popped 3.9% after the cybersecurity company exceeded fiscal second-quarter expectations on the top and bottom lines. CrowdStrike posted adjusted earnings of $1.04 per share, more than the LSEG consensus estimate of 97 cents in earnings per share. Revenue of $963.9 million came in above the expected $959 million. HP — The tech stock dipped 3.6% after HP posted fiscal third-quarter earnings that disappointed expectations. Adjusted earnings of 83 cents per share did not meet the 86 cents in earnings per share analysts polled by LSEG were anticipating. However, revenue of $13.52 billion beat the consensus estimate of $13.38 billion. Nutanix — The cloud infrastructure company surged 12%. Nutanix trounced Wall Street’s estimates in its fiscal fourth quarter, posting adjusted earnings of 27 cents per share on revenue of $548 million. Analysts surveyed by LSEG anticipated earnings of 20 cents per share and $537 million in revenue. Affirm — Shares of the buy now, pay later provider leapt 15%. Affirm issued a rosy forecast for fiscal first-quarter revenue, calling for a range of $640 million to $670 million. Analysts polled by LSEG called for $625 million. Fiscal fourth-quarter results also came in ahead of Wall Street’s estimates. Five Below — The discount retailer jumped nearly 7%. The top range of Five Below’s full-year guidance surpassed analysts’ estimates, with the company calling for adjusted earnings of $4.35 to $4.71 per share on revenue of $3.73 billion to $3.80 billion. Analysts polled by LSEG called for $4.69 per share in earnings and $3.78 billion in revenue. Victoria’s Secret — The lingerie retailer advanced 3%. Victoria’s Secret raised its fiscal full-year outlook, calling for net sales to be down roughly 1% from the prior year, compared to its earlier forecast of ” down low-single digits .” Analysts polled by FactSet were calling for a decline of 2.8%. Fiscal second-quarter results also beat the Street’s estimates on the top and bottom lines. Okta — Shares dropped 6.7% even after Okta reported fiscal second-quarter earnings and revenue that topped analysts’ expectations, and issued rosy third-quarter guidance. Adjusted earnings of 72 cents came in above the 61 cents per share anticipated by analysts polled by LSEG. Revenue of $646 million exceeded the estimate of $633 million. Pure Storage — Shares dropped 14% even after Pure Storage posted fiscal second-quarter results that bested analysts’ expectations. The data storage company earned 44 cents per share on an adjusted basis, more than the 37 cents per share anticipated by analysts, according to LSEG. Revenue of $763.8 million was more than the expected $755 million. Veeva Systems — The cloud computing stock added more than 4% after Veeva Systems reported fiscal second-quarter earnings and revenue that exceeded estimates. Adjusted earnings of $1.62 per share came in above the FactSet consensus estimate of $1.53 per share. Revenue of $676.2 million was above the anticipated $667.8 million .
https://www.cnbc.com/2024/08/28/stocks-making-the-biggest-moves-after-hours-nvda-crm-crwd-afrm.html
