Stocks with the biggest gains after hours: CRM, SNOW, OKTA, DUOL | Private Equity Weekly
Check out the companies making headlines after the bell. Salesforce — Shares fell 4% after Salesforce provided weaker-than-expected guidance for the fiscal year. In the fourth quarter, the software company’s revenue and profit exceeded Wall Street’s fourth-quarter forecasts. The software giant increased buybacks by $10 billion and paid a dividend of 40 cents per share. Snowflake — Snowflake shares plunged 20% after the business software company announced the retirement of Chief Executive Frank Slootman. The news came as quarterly results topped Wall Street expectations, but the company provided weaker-than-expected first-quarter product revenue guidance. Duolingo — Shares of the language learning platform soared 19% after beating quarterly estimates and posting strong monthly average user and booking figures. Duolingo also provided strong revenue guidance for the first quarter and full year. Okta — Okta shares rose 20% on better-than-expected quarterly results and first-quarter guidance. The company beat profit expectations by 12 cents and said it expected revenue in the range of $603 million to $605 million in the period. That beat the $583.8 million expected by analysts polled by FactSet. C3.ai — Artificial intelligence stock rose 13%. C3.ai posted an adjusted loss of 13 cents per share, below expectations, and beat revenue forecasts in its latest quarter. Paramount Global — Paramount Global shares rose 1% after reporting mixed quarterly results. The media company reported a surprise of 4 cents in adjusted earnings per share, above the 1 cent loss expected by analysts surveyed by LSEG (formerly Refinitiv). Income is not as expected. Pure Storage – The data storage stock rose 6.6%. Pure Storage earned 50 cents a share on revenue of $790 million, beating Wall Street’s quarterly forecasts, according to LSEG. First-quarter revenue guidance also topped expectations of analysts polled by StreetAccount. Nutanix — Nutanix shares rose 1% after its fiscal second-quarter profit exceeded analysts’ expectations. The cloud computing company reported adjusted earnings of 46 cents per share on revenue of $565 million. Analysts polled by London Stock Exchange Group (LSEG) expected the company to earn 29 cents per share on revenue of $551 million. HP Inc. — HP Inc. shares fell nearly 4% after reporting fiscal first-quarter results. The company reported revenue of $13.19 billion, below the $13.56 billion expected by analysts polled by LSEG. AMC Entertainment — Movie theater shares fell 8%. AMC Entertainment reported a fourth-quarter loss of 83 cents per share, beating estimates. Analysts polled by London Stock Exchange Group (LSEG) expected a loss of 70 cents per share. Fig – The health-care apparel company had mixed fourth-quarter results, sending its shares down 13%. Adjusted earnings per share were 5 cents, beating LSEG’s forecast of 2 cents per share. Figs reported revenue of $145 million, compared with expectations of $150 million.
