Finance

Stocks making the biggest moves after hours: Snowflake, Marvell Technology, Agilent

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Check out the companies making headlines after the bell : Salesforce — Shares were marginally lower after the cloud-based software guided for current-quarter revenue between $11.27 billion to $11.35 billion, while analysts were looking for $11.36 billion, per LSEG. However, Salesforce raised its full-year earnings guidance range. The company also posted a first-quarter earnings and revenue beat. Nutanix — The cloud computing stock added 3%. Nutanix reported a fiscal third-quarter adjusted earnings and revenue beat. Non-GAAP operating margin for the period came in at 22.3%, topping analysts’ call for 16.9%. Agilent Technologies — Shares popped 11% after the healthcare equipment provider raised its full-year adjusted earnings guidance to between $6 and $6.10 per share, higher than previous estimates of between $5.90 to $6.04 a share. Agilent also reported a second-quarter beat on both the top and bottom lines. Marvell Technology — The semiconductor company slipped more than 1% even after posting a rosy outlook for the current quarter. Marvell sees adjusted earnings of 93 cents per share on revenue of $2.70 billion. That’s better than the 90 cents per share and $2.60 billion the Street anticipated, per LSEG. Top and bottom line results for the first quarter also topped expectations. Everpure — The cloud and data storage stock shed more than 6% after Everpure posted a first-quarter non-GAAP gross margin that was in line with expectations. However, the company formerly known as Pure Storage reported a first-quarter adjusted earnings and revenue beat. Everpure also shared operating income guidance for the current quarter and full year that exceeded estimates. Snowflake — The cloud-based data platform provider soared 33% in extended trading. Snowflake has inked a plan to spend $6 billion on Amazon Web Services over five years. Separately, Snowflake reported first-quarter results that surpassed estimates, posting adjusted earnings of 39 cents per share and revenue of $1.39 billion. Analysts polled by LSEG sought 32 cents a share and $1.32 billion in revenue. Synopsys — The designer of silicon chips slipped 1%. Synopsys said that it has reached an agreement with activist Elliott Investment Management, appointing Jesse Cohn to its board of directors, effective June 1. Separately, second-quarter results surpassed Wall Street’s estimates, with Synopsys posting adjusted earnings of $3.35 per share on revenue of $2.28 billion. Braze — Shares tumbled 12% after the cloud-based software firm reported first-quarter adjusted earnings of 10 cents per share, coming in in line with expectations, per LSEG. Braze’s gross margin for the period fell short of estimates, coming in at 67.4%, versus the StreetAccount consensus estimate of 68.8%. Guidance for the full year’s non-GAAP operating income ranged from $70 million to $74 million, versus the FactSet consensus call for $71.3 million. American Superconductor — The energy technology stock slid 10% after the company said that in its current quarter, adjusted earnings would exceed 17 cents per share, while revenue would top $85 million. Analysts surveyed by FactSet were expecting earnings of 22 cents per share and revenue of $87.1 million. NCino — Shares climbed 11% after the software provider for financial institutions raised its full-year revenue guidance to a range of $642 million to $646 million, versus prior estimates of between $639 million to $643 million. — CNBC’s Darla Mercado contributed reporting.

This article was originally published by a Cnbc.com. Read the Original article here. .

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