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Top stock movers in after-hours trading: Dell Technologies, MongoDB, Zscaler, Gap, and others

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Several companies made headlines in extended trading due to their financial performance. Zscaler saw its shares surge nearly 15% after beating third-quarter expectations on both the top and bottom lines. This cloud security company posted adjusted quarterly earnings of 88 cents per share on revenue of $553 million. MongoDB, on the other hand, tumbled 23% after issuing weaker-than-expected guidance for the second quarter and full year, despite exceeding first-quarter earnings expectations. Dell Technologies saw its stock plunge over 14% even after beating expectations in its first-quarter results, posting adjusted earnings of $1.27 per share on revenue of $22.24 billion.

Nordstrom experienced a 6% drop in its stock after posting a wider-than-expected first-quarter loss of 24 cents per share, although its revenue beat estimates. Gap, on the other hand, saw its stock soar roughly 20% following a fiscal first-quarter beat, with earnings of 41 cents per share on revenue of $3.39 billion. Costco Wholesale reported earnings and revenue that surpassed expectations, yet its shares slid 1.4% following the announcement. Ambarella’s shares jumped about 18% after posting a narrower-than-expected adjusted loss of 26 cents per share, driven by growing demand for AI products.

In the technology sector, NetApp’s shares rose 2.6% after the data storage company posted fourth-quarter results that exceeded expectations. Marvell Technology, however, saw its stock slide 3% after missing first-quarter expectations, earning 24 cents per share on revenue of $1.16 billion. Ulta Beauty’s shares fell 9% following its latest earnings results, despite topping consensus estimates. SentinelOne’s stock dropped over 8% after providing a revenue forecast lower than expected, although it exceeded expectations in the first quarter. VF Corp.’s shares popped 7% as the apparel company appointed Michelle “Sun” Choe as the global brand president of Vans, effective in late July.

Overall, various companies experienced mixed results in extended trading, with some exceeding expectations and others falling short. Investors will be closely monitoring these companies in the coming months to see how they navigate the changing economic landscape and consumer behavior. As the market continues to be volatile, it is essential for companies to adapt and innovate to stay competitive and meet investor expectations.

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