Take a look at the companies making headlines in extended trading: Nvidia – The artificial intelligence chip maker fell 5% even after Nvidia beat expectations in its fiscal second-quarter results. Adjusted earnings per share of 68 cents beat the LSEG consensus estimate of 64 cents per share. Revenue of $30.04 billion exceeded the expected $28.7 billion. For the current quarter, Nvidia expects revenue of about $32.5 billion, higher than the $31.77 billion expected by analysts according to StreetAccount. Salesforce – The software stock rose 3.5% after Salesforce reported better-than-expected fiscal second-quarter results and raised its full-year earnings outlook. In addition, the company said President and Chief Financial Officer Amy Weaver will resign. CrowdStrike – Shares rose 3.9% after the cybersecurity company beat expectations for the second quarter of the fiscal year in terms of both revenue and revenue. CrowdStrike posted adjusted earnings of $1.04 per share, ahead of the LSEG consensus estimate of 97 cents earnings per share. Revenue of $963.9 million was above the expected $959 million. HP – Technology stocks fell 3.6% after HP reported third-quarter earnings that disappointed expectations. The adjusted profit of 83 cents per share fell short of the 86 cents per share that analysts polled by LSEG had expected. However, revenue of $13.52 billion exceeded the consensus estimate of $13.38 billion. Nutanix – The cloud infrastructure company rose 12%. Nutanix beat Wall Street expectations in its fiscal fourth quarter, posting adjusted earnings of 27 cents per share on revenue of $548 million. Analysts polled by LSEG expected earnings of 20 cents per share and revenue of $537 million. Confirm – Shares of the buy now, pay later provider are up 15%. Affirm has issued a rosy forecast for fiscal first quarter revenue, calling for a margin of $640 million to $670 million. Analysts consulted by LSEG expected $625 million. The fourth quarter financial results also exceeded Wall Street expectations. Five Below – The discount retailer rose almost 7%. Five Below’s top range of full-year expectations beat analyst expectations, 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 surveyed by LSEG expected earnings of $4.69 per share and revenue of $3.78 billion. Victoria’s Secret – The lingerie retailer rose 3%. Victoria’s Secret raised its outlook for the entire fiscal year, calling for a net sales decline of about 1% from the previous year, down from its previous forecast of “a low single-digit decline.” Analysts polled by FactSet expected a decline of 2.8%. Second-quarter budget results also exceeded Street expectations on the top and bottom lines. Okta – Shares fell 6.7% even after Okta reported second-quarter earnings and revenue that beat analyst expectations and issued rosy guidance for the third quarter. Adjusted earnings of 72 cents came above the 61 cents per share expected by analysts surveyed by LSEG. Revenue of $646 million exceeded the estimate of $633 million. Pure Storage – Shares fell 14% even after Pure Storage posted second-quarter results that exceeded analyst expectations. The data storage company earned 44 cents per share on an adjusted basis, above the 37 cents per share analysts expected, LSEG said. Revenue of $763.8 million was more than the expected $755 million. Veeva Systems – Cloud computing shares rose more than 4% after Veeva Systems reported second-quarter earnings and revenue that beat expectations. Adjusted earnings of $1.62 per share topped the FactSet consensus estimate of $1.53 per share. Revenue of $676.2 million exceeded the expected $667.8 million.
Stocks making the biggest moves outside office hours: NVDA, CRM, CRWD, AFRM
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