Stocks making the biggest moves after hours: Nvidia, Snowflake, VF Corp. and more
Check out the companies making headlines after the bell : Nvidia — The chipmaker added about 4% after announcing a 10-for-1 stock split . Nvidia also surpassed Wall Street’s fiscal first-quarter estimates on the top and bottom lines, and it issued strong guidance for the current quarter. Other stocks related to artificial intelligence traded higher in sympathy, with Super Micro Computer and Advanced Micro Devices last up more than 2% and 1%, respectively. Snowflake — The cloud-computing company jumped more than 5%. Fiscal first-quarter revenue surpassed the Street’s expectations, coming in at $829 million, versus consensus estimates for $786 million, per LSEG. Adjusted earnings for the period came in at 14 cents a share, however, missing consensus forecasts by 4 cents. VF Corp . — The apparel and footwear company sank 9% after posting an unexpected loss for the recent quarter and revenue that fell short of Wall Street’s estimates. VF Corp. posted a loss of 32 cents per share on $2.37 billion in revenue. Analysts polled by LSEG had expected earnings of 1 cent per share and $2.41 billion in revenue. E.l.f. Beauty — The cosmetics company slid 2% after reporting full-year guidance that was weaker than Wall Street had hoped. E.l.f. is calling for net sales to range between $1.23 billion and $1.25 billion, while analysts polled by FactSet anticipated $1.27 billion. The soft outlook overshadowed top- and bottom-line beats for the fiscal fourth quarter. Synopsys — The electronic design automation stock slipped more than 1%. Synopsys fell short of Wall Street’s estimates on the top and bottom lines in the fiscal second quarter, posting adjusted earnings of $3 per share on $1.46 billion in revenue. Analysts polled by LSEG called for earnings of $3.03 per share and revenue of $1.5 billion. LiveRamp Holdings — The advertising technology stock popped nearly 12% on its fiscal fourth-quarter results, surpassing analysts’ estimates, per FactSet. LiveRamp also issued strong guidance for the current quarter and full year. The company expects revenue for the year to range between $710 million and $730 million, versus the consensus estimate of $704.8 million. News Corp . — The owner of Dow Jones and The Wall Street Journal climbed 4% after signing a multiyear agreement to make its news content available on OpenAI. Cytokinetics — Shares tumbled 12% after the biopharmaceutical company announced a $500 million common stock offering , with JPMorgan, Goldman Sachs and Morgan Stanley acting as sole joint book-running managers. DuPont de Nemours — Shares rose about 5% after the company said it would divide into three separate businesses, with one company focused on electronics and another on water filtration and purification. The third, which will house its industrial solutions operations, including adhesives, would become the new DuPont. CEO Ed Breen also plans to step down on June 1 and will be replaced by Chief Financial Officer Lori Koch. Breen will become executive chair of the board. — CNBC’s Darla Mercado, Sarah Min, Scott Schnipper and Christina Cheddar-Berk contributed reporting. This post has been syndicated from a third-party source. View the original article here.
