See the companies that made headlines in after-hours trading: Snowflake — Shares fell about 7% even after the software company beat quarterly expectations and slightly raised its full-year product revenue guidance. Snowflake reported adjusted earnings for its fiscal second quarter of 18 cents per share, above the 16 cents per share expected by analysts polled by LSEG. Its revenue for the period was $869 million, above the $851 million analysts had forecast. Urban Outfitters — The retailer fell about 4% after same-store sales disappointed analysts. Urban Outfitters-brand stores that have been open at least a year fell 9.3% in the second quarter, compared with analysts’ expectations of an 8.3% decline. The company also posted $1.24 per share in earnings on $1.35 billion in revenue. Meanwhile, analysts polled by LSEG expected earnings of $1 per share on $1.34 billion in revenue. Agilent Technologies — Shares of Agilent, which makes products used in laboratory processes, rose about 2% on the back of a better-than-expected third-quarter earnings report. The company posted adjusted earnings per share of $1.32, while analysts polled by FactSet expected $1.26 per share. Revenue came in at $1.58 billion, slightly above analysts’ expectations of $1.56 billion. Wolfspeed — The semiconductor stock fell about 1%. For its fiscal fourth quarter, Wolfspeed reported an adjusted loss of 89 cents per share, while analysts polled by LSEG expected a loss of 85 cents per share. The company’s revenue for the quarter of $201 million was in line with analysts’ estimates, according to LSEG. Zoom Video — Zoom rose 2.7% after reporting a strong second quarter and beating guidance estimates. The company posted adjusted earnings of $1.39 per share on revenue of $1.16 billion, above earnings of $1.21 per share. Zoom also announced that its chief financial officer, Kelly Steckelberg, will leave the company. Charles Schwab — Shares of the brokerage firm fell about 5%. TD Bank Group said it sold 40.5 million shares of Schwab, reducing its ownership in the brokerage to 10.1% from 12.3%. TD also said it will set aside $2.6 billion to resolve investigations into its anti-money laundering program, with proceeds from the Schwab stock sale helping to offset the amount. — CNBC’s Darla Mercado and Robert Home contributed to the report.
Trending
- Boeing Starliner Returns Empty, NASA Enlists SpaceX to Transport Astronauts
- Dividend Stocks Are a Hot Pick in the Fall Due to the Fed and Interest Rates
- Biden speaks with Zelensky, announces new military aid to Ukraine
- Meta says WhatsApp accounts linked to Iranian hackers targeted Biden, Trump
- Stocks with the biggest moves in the middle of the day: CAVA, INTU, ROST, WDAY
- Edgar Bronfman's Paramount Offer May Keep Shari Redstone Involved
- Markets are now wondering whether the Federal Reserve might cut interest rates by half a point in September.
- The United States will offer free home-use kits starting in late September.
Stocks that made the biggest moves after hours: SNOW, ZM, URBN
