Global Courant 2023-06-01 02:56:39
Customers walk through a mall along the Magnificent Mile in Chicago, March 15, 2023.
Scott Olson | Getty Images
Check out the companies making headlines after the bell.
Nordstrom – Shares of the high-end department store rose 9% in extended trading after sales in the fiscal first quarter beat Wall Street expectations. The strong results came even as the retailer reported spending cuts and predicted slower sales in the coming months. Nordstrom also reiterated its full-year outlook.
Sales team — The software giant saw its share fall almost 4%. The company said capital expenditures totaled $243 million in the last quarter, up about 36% and above the consensus of $205 million among analysts polled by StreetAccount. Beyond this development, Salesforce posted quarterly results that beat estimates across the board and raised its full-year earnings outlook.
CrowdStrike — Shares of the cybersecurity firm plummeted nearly 12% in after-hours trading after the company reported slowing revenue growth. CrowdStrike reported quarterly revenue of $692.6 million, up 42% year-over-year, which is slower than the 61% growth it reported in the same quarter last year.
Okay — Shares of the software company fell 13% in after-hours trading despite a better-than-expected quarterly report. It seemed management’s warning about raising “macroeconomic pressuremay have been the driver sending the stock lower. Okta also raised its fiscal year 2024 outlook.
C3.ai The artificial intelligence technology company saw its shares fall 18% even after beating top and bottom line expectations for its fiscal fourth quarter, according to Refinitiv. C3.ai expects fiscal first quarter revenue of between $70 million and $72.5 million, which is less rosy than Wall Street had expected. The stock has skyrocketed more than 250% this year amid Wall Street’s enthusiasm for AI.
Tough — Shares of the pet store were up about 12%. Chewy posted earnings of 5 cents per share, defying analyst forecasts for a loss of 4 cents per share, according to Refinitiv. Revenue beat expectations at $2.78 billion, versus the $2.73 billion Wall Street had expected.
Pure storage — Shares rose 7% after the data storage company beat analysts’ expectations in the last quarter. Pure Storage posted adjusted earnings of 8 cents per share on revenue of $589 million. Analysts were expecting earnings of 4 cents per share on revenue of $559 million, according to Refinitiv.
– CNBC’s Darla Mercado contributed to this report.
