Check out the companies making headlines in after-hours trading. Nvidia – Shares of the chip giant fell more than 3%. The company’s second-quarter results beat on the top and bottom lines, posting adjusted earnings of $1.05 per share and $46.74 billion in revenue. That’s compared with the $1.01 per share and $46.06 billion, respectively, that analysts surveyed by LSEG were anticipating. Data center revenue tallied $41.1 billion. Although that marked a 56% increase year over year, it missed the StreetAccount estimate of $41.34 billion. Snowflake – Shares jumped about 12% on the heels of the data cloud and artificial intelligence company posting better-than-expected second-quarter results. Snowflake earned 35 cents per share, after adjustments, on revenue of $1.14 billion, above the profit of 27 cents per share and $1.09 billion in revenue that analysts were expecting. Its third-quarter guidance was also upbeat. NetApp – The stock fell more than 6% after the intelligent data infrastructure company’s first-quarter results just barely beat expectations. The company earned $1.55 per share, excluding items, and $1.56 billion in revenue, while analysts were looking for $1.54 per share and $1.55 billion in revenue, according to LSEG. Its outlook was also roughly in line with analyst estimates. CrowdStrike Holdings – The cybersecurity provider tumbled almost 8% postmarket after its second-quarter non-GAAP operating margin reached 21.8%, down from 23.5% a year ago, according to FactSet. While second-quarter results topped Street estimates, CrowdStrike said third-quarter revenue would total $1.21 billion to $1.22 billion, lower than the LSEG consensus estimate of $1.23 billion. Urban Outfitters – The apparel retailer’s stock tumbled nearly 8% despite fiscal second-quarter results that were better than expected. The company earned $1.58 per share, or 10 cents more than Wall Street predicted. Revenue of $1.5 billion topped the $1.48 billion estimate, with growth at both its Free People and Anthropologie brands. Urban’s stock has climbed more than 42% year to date. Pure Storage – The data management company’s stock shot up more than 13% after fiscal second-quarter results solidly outpaced estimates. Pure Storage earned 43 cents per share, excluding items, on revenue of $861 million. Analysts surveyed by LSEG predicted the company would earn 39 cents per share on $847 million in revenue. Nutanix – The cloud computing company’s stock fell 5% despite reporting fiscal fourth-quarter results that topped estimates. Nutanix said it expects first-quarter revenue to be between $670 million and $680 million, compared with an LSEG estimate of $679 million. It projected revenue for the fiscal year of $2.9 billion to $2.94 billion, while analysts estimated $2.92 billion on average. — CNBC’s Christina Cheddar Berk and Scott Schnipper contributed reporting.
NVDA, SNOW, CRWD and more
You May Also Like
More From Author
3 Altcoins Testing Critical Support Levels as Trump-Fed Feud Escalates
