Welcome to Extreme Investor Network! Today, we are diving into the latest headlines from the after-hours trading session. Let’s take a closer look at the companies that are making waves in the financial markets:
1. Snowflake: Despite beating quarterly expectations and slightly raising its full-year product revenue guidance, shares of Snowflake tumbled nearly 7%. The software company reported fiscal second-quarter earnings that were higher than analyst expectations, with revenue surpassing predictions as well.
2. Urban Outfitters: This retailer saw a 4% drop in its stock price after disappointing same-store sales numbers. Analysts were not impressed with the 9.3% decline in same-store sales for the Urban Outfitters brand in the second quarter, despite the company posting $1.24 per share in earnings on $1.35 billion in revenue.
3. Agilent Technologies: Shares of this laboratory products provider gained almost 2% following its better-than-expected third-quarter earnings report. The company exceeded analyst estimates for earnings per share and revenue.
4. Wolfspeed: This semiconductor stock slipped about 1% after reporting an adjusted loss in the fiscal fourth quarter. While the loss per share was in line with analyst estimates, the company’s revenue fell slightly short of expectations.
5. Zoom Video: Zoom’s stock rose 2.7% after the company reported a strong second quarter and beat guidance estimates for earnings per share and revenue. Additionally, Zoom announced the departure of its chief financial officer.
6. Charles Schwab: Shares of the brokerage slid nearly 5% as TD Bank Group sold a significant portion of its stake in Schwab. TD Bank also disclosed a provision to resolve investigations into its anti-money laundering program, with proceeds from the Schwab share sale helping to offset this amount.
Stay tuned to Extreme Investor Network for more expert analysis and insight into the latest developments in the financial world. Don’t miss out on valuable information that can help you make informed investment decisions. Sign up for our newsletter to receive exclusive updates and expert recommendations. Happy investing!