After the closing bell, several companies are making headlines with their latest quarterly results. Let’s take a closer look at some of the notable movers in the after-hours trading session:
1. Oracle:
The database software stock surged about 10% in extended trading after the company’s fiscal fourth-quarter results exceeded analysts’ earnings estimates. Oracle’s cloud services and license support segment, its largest business, saw a 12% increase in revenue. However, total revenue fell short of expectations.
2. Vail Resorts:
Shares of the ski resort operator dropped more than 3% after its latest quarter missed estimates on both the top and bottom lines. Vail also reduced its full-year guidance due to lower snowfall across Western North American resorts through January.
3. Asana:
The work management platform saw a slight increase in after-hours trading after its fiscal fourth-quarter results topped estimates. Asana posted a loss of 4 cents, which was 6 cents better than expectations, according to LSEG. Revenue of $117 million also exceeded estimates.
4. Advance Auto Parts:
The auto parts retailer rose over 1% after activist investors Dan Loeb’s Third Point and Saddle Point revealed a stake in the company and reached a settlement that will give them three board seats.
It will be interesting to see how these companies continue to perform in the coming days and how the market reacts to their latest financial updates. Stay tuned for more updates on these and other companies making headlines in the post-market trading session.
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