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Here are the companies that make the headlines after hours.
Snowflake – The software stock fell more than 6% in extended trading after the company reported its first quarterly results since going public. The company reported a loss of $ 1.01 per share on revenue of $ 159.6 million, reflecting revenue growth of more than 100% year-over-year.
CrowdStrike – The cybersecurity stock jumped 12% after CrowdStrike beat estimates for its fiscal third quarter. The company reported 8 cents of adjusted earnings per share on $ 232.5 million in revenue. Analysts polled by Refinitiv were looking for a slight loss and revenue of $ 212.6 million.
PVH Corp. – Shares of the clothing company rose nearly 5% after a stronger-than-expected third quarter report. PVH reported adjusted earnings of $ 1.32 per share on $ 2.12 billion in revenue. Analysts expected $ 0.24 in earnings per share and $ 2.00 billion in revenue.
Okta – Software stock jumped more than 5% after Okta’s third-quarter earnings beat Wall Street expectations. The company reported 4 cents of adjusted earnings per share on $ 214.7 million in revenue. Analysts polled by Refinitiv were looking for a loss of 1 cent per share and revenue of $ 202.8 million. The company has also raised its annual target.
XPO Logistics – Shares of the shipping and logistics company rose about 2% after XPO management announced a plan to split part of the company. The company’s board of directors has approved the move, which would create a stand-alone company outside of XPO’s logistics segment. The move would be tax free for XPO shareholders.
Elastic – Shares of the Netherlands-based tech company rose more than 6% after Elastic reported a smaller-than-expected second-quarter loss. The company lost adjusted 3 cents per share, compared to analysts’ estimates of 20 cents, according to FactSet. Elastic’s subscription and professional income results also exceeded expectations.
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