Check out the companies making headlines after the bell : Salesforce — Salesforce dropped 4% after providing weaker-than-expected guidance for the fiscal year. In the fourth quarter, the software company topped Wall Street’s fourth-quarter expectations on the top and bottom lines. The software giant increased its buyback by $10 billion and initiated a dividend of 40 cents per share. Snowflake — Snowflake shares plunged 20% after the business software company announced the retirement of its CEO Frank Slootman. The news coincided with quarterly results that surpassed Wall Street’s estimates, but the company offered weaker-than-expected product revenue guidance for the first quarter. Duolingo — Shares of the language platform skyrocketed 19% after surpassing quarterly estimates and posting strong monthly average user and bookings figures. Duolingo also provided strong revenue guidance for the first quarter and full year. Okta — Okta rallied 20% on better-than-expected quarterly results and first-quarter guidance. The company topped earnings expectations by 12 cents and said its expects revenue for the current period to range between $603 million and $605 million. That topped the $583.8 million anticipated by analysts polled by FactSet. C3.ai — The artificial intelligence stock popped 13%. C3.ai posted a smaller-than-expected adjusted loss of 13 cents per share and beat revenue estimates for the recent quarter. Paramount Global — Paramount Global shares added 1% after posting mixed quarterly results . The media company reported surprise adjusted earnings of 4 cents per share, topping the 1 cent loss expected by analysts polled by LSEG. Revenues fell short of expectations. Pure Storage — The data storage stock popped 6.6%. Pure Storage topped Wall Street’s quarterly estimates, per LSEG, reporting earnings of 50 cents per share on $790 million in revenues. First-quarter revenue guidance also came in above estimates from analysts polled by StreetAccount. Nutanix — Nutanix rose 1% on fiscal second-quarter earnings that beat analyst forecasts. The cloud computing company posted adjusted earnings of 46 cents per share on $565 million in revenue. That came in ahead of the earnings of 29 cents per share and $551 million in revenue anticipated by analysts polled by LSEG. HP Inc — HP Inc shares fell nearly 4% after reporting fiscal first-quarter results. The company posted revenues of $13.19 billion, falling short of the $13.56 billion analysts polled by LSEG expected. AMC Entertainment — The movie theater stock dropped 8%. AMC Entertainment reported a wider-than-expected loss of 83 cents per share for the fourth quarter. Analysts polled by LSEG called for a loss of 70 cents per share. Figs — The health-care apparel company sank 13% on mixed fourth-quarter results. Adjusted earnings per share came in at 5 cents and topped an LSEG estimate of 2 cents per share. Figs posted revenues of $145 million, versus the $150 million expected.
Information About Los Angeles Financial Times
Thursday,
May
09,
2024
11:49AM
-
LA City Council takes step to plug ‘orphaned’ oil wells – Daily News
LA City Council takes step to plug ‘orphaned’ oil wells – Daily News
-
Apple iPad Pro and iPad Air 2024 with M4 chip announced
Apple iPad Pro and iPad Air 2024 with M4 chip announced
-
Tesla must provide NHTSA with Autopilot recall data or face fines
Tesla must provide NHTSA with Autopilot recall data or face fines
-
Stocks making the biggest moves after hours: ABNB, HOOD, ARM, EQIX
Stocks making the biggest moves after hours: ABNB, HOOD, ARM, EQIX
Your number one source of all things financial.
Popular
- LA City Council takes step to plug ‘orphaned’ oil wells – Daily News & Comments Off on LA City Council takes step to plug ‘orphaned’ oil wells – Daily News
- New law expands California’s homestead equity protection to $600,000 – Daily News & Comments Off on New law expands California’s homestead equity protection to $600,000 – Daily News
- Heroes on the Frontlines in Riverside Get COVID-19 Vaccine – NBC Los Angeles & Comments Off on Heroes on the Frontlines in Riverside Get COVID-19 Vaccine – NBC Los Angeles
- Why Markets Boomed in a Year of Human Misery & Comments Off on Why Markets Boomed in a Year of Human Misery
- LACo COVID Deaths Set New Records, Hospital Crunch Worsens – NBC Los Angeles & Comments Off on LACo COVID Deaths Set New Records, Hospital Crunch Worsens – NBC Los Angeles
- ‘Brink of Catastrophe.’ Once a Model, California Now Struggles to Tame COVID-19 – NBC Los Angeles & Comments Off on ‘Brink of Catastrophe.’ Once a Model, California Now Struggles to Tame COVID-19 – NBC Los Angeles
Los Angeles Financial times
Copyright © 2024 Los Angeles Financial times