The emblem of NVIDIA as seen at its company headquarters in Santa Clara, California, in May of 2022.
Nvidia | through Reuters
Check out the businesses making headlines after hours.
Nvidia — Nvidia shares surged 19% in prolonged buying and selling. The chipmaker gave stronger-than-expected revenue guidance for the fiscal second quarter, whereas additionally reporting beats on the highest and backside traces in its fiscal first quarter. The inventory has already greater than doubled this yr.
Snowflake — Snowflake tumbled 11% after hours. The cloud computing firm gave weaker-than-expected second-quarter income steerage, in accordance with StreetAccount. Snowflake beat analysts’ expectations for earnings and income within the first quarter, per Refinitiv.
American Eagle Outfitters — Shares slid 15% after American Eagle Outfitters mentioned it expects second-quarter income to fall within the low single digits, as an alternative of up 1.6%, in accordance with consensus expectations from Refinitiv. The clothes retailer reported a combined quarter, with per-share earnings coming in keeping with estimates, whereas income beat expectations.
Guess? — Shares popped 3% after the attire firm raised its dividend and hiked its full-year earnings and income steerage.
e.l.f. Beauty — Shares of e.l.f. Beauty jumped 10% in prolonged buying and selling. The cosmetics firm reported fiscal fourth-quarter earnings that beat expectations on the highest and backside traces. The firm reported adjusted earnings of 42 cents per share on income of $187 million. Analysts polled by Refinitiv anticipated earnings of 20 cents per share on income of $156 million.
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