Welcome to Extreme Investor Network! Today, we are diving into the latest news from the finance world, focusing on the companies that are making headlines in extended trading.
Zscaler, the cloud security company, saw its shares surge nearly 15% after topping third-quarter expectations on both the top and bottom lines. With adjusted quarterly earnings of 88 cents per share on revenue of $553 million, Zscaler surpassed analysts’ predictions.
On the flip side, MongoDB tumbled 23% after issuing second-quarter and full-year guidance that fell short of expectations, despite exceeding first-quarter earnings results.
Dell Technologies also experienced a significant drop of over 14% even after beating expectations in its first-quarter results. With adjusted quarterly earnings of $1.27 per share on revenue of $22.24 billion, Dell outperformed analyst forecasts.
In the retail sector, Nordstrom saw a 6% decline in its stock after posting a wider-than-expected first-quarter loss, although its revenue topped estimates. Meanwhile, Gap’s stock soared roughly 20% following a fiscal first-quarter beat. The apparel retailer reported quarterly earnings of 41 cents per share on revenue of $3.39 billion, surpassing analyst expectations.
Costco Wholesale’s shares slid 1.4% despite posting fiscal third-quarter earnings and revenue that exceeded expectations. With earnings of $3.78 per share on revenue of $58.52 billion, Costco outperformed analyst forecasts.
Ambarella, the chipmaker, experienced an 18% increase in its stock in extended trading after reporting a narrower-than-expected adjusted loss. The company expects revenue to continue growing in fiscal 2025 driven by demand for AI products.
NetApp saw a 2.6% increase in its shares after posting fourth-quarter results that exceeded expectations. The data storage company reported adjusted earnings of $1.80 per share on revenue of $1.67 billion, surpassing analyst forecasts.
Marvell Technology, on the other hand, saw a 3% slide in its stock after missing first-quarter expectations. With earnings of 24 cents per share on revenue of $1.16 billion, Marvell fell short of analyst predictions.
Ulta Beauty’s shares fell 9% following its latest earnings results, despite topping consensus estimates. The beauty retailer also cut its full-year revenue and earnings guidance.
SentinelOne, the cybersecurity company, saw its stock decline by more than 8% after providing a weaker-than-expected revenue forecast for the year. While results in the first quarter exceeded expectations, the revenue forecast fell short.
Lastly, VF Corp. saw its shares pop 7% after announcing the appointment of Michelle “Sun” Choe as the global brand president of Vans. With her extensive experience as chief product officer at Lululemon, investors are optimistic about the future of Vans under her leadership.
Stay tuned for more updates and insights from Extreme Investor Network, where we bring you valuable information and analysis to help you stay ahead in the world of finance.