The Salesforce West office building in San Francisco, January 25, 2023.
Marlena Sloss | Bloomberg | Getty Images
Discover the latest news on prominent companies after market hours.
CrowdStrike — The cybersecurity stock experienced a 1% increase in after-hours trading. CrowdStrike surpassed analysts’ expectations in the second quarter, both in terms of revenue and earnings. The company reported adjusted earnings of 74 cents per share on $732 million in revenue. Refinitiv’s analysts had predicted earnings per share of 56 cents and revenue of $724 million.
Okta — Okta’s stock surged by 10% in after-hours trading. The identity and access management company exceeded second-quarter expectations, announcing adjusted earnings of 31 cents per share on $556 million in revenue. Analysts polled by Refinitiv had predicted earnings per share of 22 cents and revenue of $535 million. Okta also provided a strong outlook for the third quarter and full year.
Salesforce — Salesforce shares climbed by 5.6% following the company’s report of fiscal second-quarter earnings and revenue that exceeded estimates. The software company posted adjusted earnings of $2.12 per share, surpassing analysts’ forecast of $1.90 per share. Furthermore, it achieved revenue of $8.60 billion, exceeding the expected $8.53 billion. The company also provided a robust outlook for the third quarter.
Five Below — Five Below’s stock experienced a 7% decline after providing a weak outlook. The discount retailer anticipates earnings of 17 to 25 cents per share for the third quarter, lower than analysts’ forecast of 40 cents per share. Additionally, Five Below expects third-quarter revenue of $715 million to $730 million, below analysts’ estimate of $738 million.
Victoria’s Secret — Shares of Victoria’s Secret declined by 2.7% following disappointing second-quarter results. The lingerie retailer reported adjusted earnings of 24 cents per share on $1.43 billion in revenue. Analysts had expected earnings per share of 26 cents and revenue of $1.44 billion, according to Refinitiv. Moreover, Victoria’s Secret anticipates a third-quarter loss of 70 cents to $1 per share, whereas analysts predicted a loss of 14 cents per share.
Chewy — Chewy’s stock fell nearly 1% despite reporting better-than-expected second-quarter results. The pet food retailer achieved revenue of $2.78 billion, surpassing the consensus estimate of $2.76 billion from Refinitiv. Earnings per share came in at 4 cents, while analysts had predicted a loss of 5 cents per share.
Pure Storage — Shares of Pure Storage rose by 1.4% after the company reported better-than-expected second-quarter earnings and provided a positive third-quarter revenue outlook. Pure Storage announced adjusted earnings of 34 cents per share on $689 million in revenue, surpassing analysts’ forecast of 28 cents per share and $680 million in revenue, respectively.
Costco Wholesale — The stock of Costco Wholesale rose by 0.3% in after-hours trading. Costco Wholesale reported net sales of $18.42 billion for August, representing a 5.0% year-over-year increase.
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