Here are the firms making news in extended trading. Zscaler saw its shares skyrocket nearly 15% after exceeding third-quarter expectations on both top and bottom lines. The company, specializing in cloud security, reported adjusted quarterly earnings of 88 cents per share on a revenue of $553 million, outperforming the LSEG expected per-share earnings of 66 cents on a revenue of $536 million. MongoDB shares dipped 23% as the developer data platform provided Q2 and full-year guidance that fell short of expectations, despite surpassing Q1 earnings forecasts. Dell Technologies’ shares fell more than 14% despite outperforming first-quarter expectations, with the tech giant reporting adjusted quarterly earnings of $1.27 per share on a revenue of $22.24 billion, beating the LSEG predicted per-share earnings of $1.26 on a revenue of $21.64 billion. Retail stock Nordstrom fell 6% after posting a larger-than-expected Q1 loss of 24 cents per share, compared to LSEG’s anticipated loss of 8 cents per share. However, the company’s Q1 revenue of $3.34 billion surpassed the estimated $3.20 billion. Gap shares surged around 20% after the clothing retailer reported Q1 earnings of 41 cents per share on a revenue of $3.39 billion, outshining LSEG’s forecast earnings of 14 cents per share on a revenue of $3.29 billion. Costco Wholesale shares dropped 1.4% despite surpassing Q3 earnings and revenue expectations, reporting earnings of $3.78 per share on a revenue of $58.52 billion, beating LSEG’s predicted per-share earnings of $3.70 on a revenue of $58.07 billion. Chipmaker Ambarella saw its shares rise about 18% in extended trading after reporting a smaller-than-expected adjusted loss of 26 cents per share. The company’s Q1 revenue of $54 million met estimates and predicted growth in revenue for fiscal 2025, driven by AI product demand. NetApp shares rose 2.6% after exceeding Q4 expectations with adjusted earnings of $1.80 per share on a revenue of $1.67 billion, compared to LSEG’s expected per-share earnings of $1.79 on a revenue of $1.66 billion. Marvell Technology shares slid 3% after missing Q1 expectations, reporting adjusted earnings of 24 cents per share on a revenue of $1.16 billion, falling short of LSEG’s estimated per-share earnings of 25 cents and revenue of $1.17 billion. Ulta Beauty shares fell 9% despite posting Q1 results that surpassed LSEG consensus estimates, as the company cut its full-year revenue, same-store sales, and per-share earnings forecasts. Cybersecurity company SentinelOne’s shares fell over 8% after providing a weaker-than-expected revenue forecast for the year. The company anticipates revenue between $808 million and $815 million, falling short of LSEG’s $817 million estimate, despite Q1 results exceeding expectations. VF Corp. shares rose 7% following the appointment of Michelle “Sun” Choe as global brand president of Vans, effective from late July. She previously served as chief product officer at Lululemon. The report includes contributions from CNBC’s Christina Cheddar-Berk.
Source link
This article was complied with AI assistance and reviewed by an editor. More information can be found in our T &C
