Signage on a Saleforce workplace constructing in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021.
David Paul Morris | Bloomberg | Getty Images
Check out the businesses making headlines after the bell:
Salesforce — Salesforce’s stock shed 6.7% despite beating analysts’ expectations on each the highest and backside traces after announcing the departure of co-CEO Bret Taylor.
Snowflake — The cloud inventory tumbled 6% after hours on light product revenue guidance despite a top and bottom line beat. Snowflake stated it expects income to come back in between $535 million and $540 million within the fourth quarter, beneath estimates of roughly $553 million, based on StreetAccount.
Costco Wholesale — The retail inventory ticked about 3.2% decrease in prolonged buying and selling after posting November gross sales numbers. Costco stated web gross sales for the interval got here in at $19.17 billion, up 5.7% 12 months over 12 months. E-commerce gross sales fell 10.1% in the course of the interval.
Victoria’s Secret — The girls’s attire maker’s inventory dove as a lot as 5% after hours on a disappointing fiscal fourth-quarter earnings forecast. Revenue in the course of the interval is anticipated to fall at a high-single-digit tempo year-over-year. Fiscal third-quarter earnings beat expectations by 6 cents a share.
Okta —Shares surged 14% after the corporate exceeded Wall Street’s expectations on the highest and backside traces. The id administration software program supplier additionally shared better-than-expected steerage for the fourth quarter.
Five Below — Five Below’s inventory jumped 9% in prolonged buying and selling after the worth retailer raised its forecast after beating fiscal third-quarter estimates. In the most recent quarter, it earned 29 cents a share on income of $645 million. Analysts anticipated earnings of 14 cents a share on $613 million in income.
Splunk —The software program inventory gained 7.9% after surpassing analysts’ estimates. Excluding objects, Splunk posted earnings of 83 cents a share for the third quarter on income of $929.8 million, based on StreetAccount.
PVH — Shares of the proprietor of Calvin Klein soared 10.4% on strong quarterly outcomes and sturdy ahead steerage. PVH topped Wall Street’s earnings and income expectations, saying it expects full-year revenues to hit the upper finish of its anticipated vary.
Elastic NV — Shares of the software program and information analytics firm slumped 16.7% regardless of exceeding Wall Street’s expectations for the fiscal second quarter, based on StreetAccount. Revenue steerage, nevertheless, got here in lighter than anticipated.