Check out the companies making headlines in extended trading.
Zscaler — Shares surged nearly 15% after Zscaler topped third-quarter expectations on the top and bottom lines. The cloud security company posted adjusted quarterly earnings of 88 cents per share on revenue of $553 million. Analysts polled by LSEG had expected per-share earnings of 66 cents on revenue of $536 million.
MongoDB — MongoDB tumbled 23% after the developer data platform issued second-quarter and full year guidance that was weaker than expected, even as its first-quarter earnings results exceeded expectations.
Dell Technologies — The tech stock plunged more than 14% even after Dell beat expectations in its first-quarter results. Dell posted adjusted quarterly earnings of $1.27 per share on revenue of $22.24 billion. Analysts polled by LSEG had expected per-share earnings of $1.26 on revenue of $21.64 billion.
Nordstrom — The retail stock dropped 6%. Nordstrom posted a wider-than-expected first-quarter loss of 24 cents per share, compared with a loss of 8 cents per share anticipated by analysts surveyed by LSEG. Otherwise, fiscal first-quarter revenue of $3.34 billion topped the consensus estimate of $3.20 billion.
Gap — The stock soared roughly 20% after Gap posted a fiscal first-quarter beat. The apparel retailer posted quarterly earnings of 41 cents per share on revenue of $3.39 billion. Analysts surveyed by LSEG had forecast earnings of 14 cents per share on revenue of $3.29 billion.
Costco Wholesale — Shares slid 1.4% even after the warehouse club store posted fiscal third-quarter earnings and revenue that surpassed expectations. Costco Wholesale reported earnings of $3.78 per share on revenue of $58.52 billion. Analysts surveyed by LSEG had forecast per-share earnings of $3.70 on revenue of $58.07 billion.
Ambarella — Shares of the chipmaker popped about 18% in extended trading after posting a narrower-than-expected adjusted loss of 26 cents per share. Revenue in the fiscal first quarter was in line with estimates at $54 million. The company said it expects revenue to continue to grow in fiscal 2025 driven by demand for AI products.
NetApp — Shares popped 2.6% after the data storage company posted fourth-quarter results that exceeded expectations. NetApp posted adjusted earnings of $1.80 per share on revenue of $1.67 billion. Analysts polled by LSEG had anticipated per-share earnings of $1.79 on revenue of $1.66 billion.
Marvell Technology — The semiconductor stock slid 3% after Marvell Technology missed first-quarter expectations. It earned 24 cents per share after adjustments on revenue of $1.16 billion. That was shy of the per-share earnings estimates of 25 cents and revenue of $1.17 billion anticipated by analysts polled by LSEG.
Ulta Beauty — Shares of the beauty retailer fell 9% following its latest earnings results. Ulta Beauty posted first-quarter results that topped LSEG consensus estimates, but it cut its full-year revenue, same-store sales and per-share earnings guidance.
SentinelOne — The cybersecurity company’s stock fell more than 8% after it provided a revenue forecast that was weaker than analysts expected. SentinelOne expects revenue of between $808 million and $815 million this year, lower than the $817 million estimate from LSEG. Results in the first quarter topped expectations.
VF Corp. — Shares popped 7% after VF Corp., the apparel company behind Vans, The North Face and other brands, said Michelle “Sun” Choe has been appointed global brand president of Vans starting in late July. She was previously chief product officer at Lululemon.
