Stocks making the biggest moves after hours: CRWD, AEO, MRVL, GTLB
Check out the companies making headlines in after-hours trading. Pure Storage — Shares of the data management and storage company plunged nearly 9% after Pure Storage reported third-quarter adjusted earnings of 58 cents per share that matched consensus expectations, according to LSEG. The company posted revenue for the period of $964.5 million, up 16% year-over-year, which exceeded the $956 million expected from analysts polled by LSEG. CrowdStrike Holdings — The cybersecurity provider fell less than 1% after posting third-quarter earnings and revenue, and issuing full-year earnings guidance that topped analyst estimates, as compiled by LSEG. CrowdStrike has rallied 25% over the past three months. Okta — Shares of the identity management provider fell more than 4% after Okta CEO Todd McKinnon said upside from its AI agents aren’t “fully baked” into results. Still, Okta beat third-quarter estimates and gave an upbeat outlook. The company earned 82 cents per share, on an adjusted basis, on revenue of $742 million. Analysts polled by LSEG forecasted earnings of 76 cents per share on revenue of $730 million. GitLab — The software development tool company’s stock fell nearly 8% despite third-quarter results that outpaced expectations. GitLab also named Jessica Ross as its chief financial officer. The company now expects to earn 95 cents to 96 cents per share after adjustments for the full year, up from a prior forecast of 82 cents to 83 cents per share. Revenue for the year should land in the range of $946 million to $947 million, compared with $936 million to $942 million previously. Marvell Technology — Shares of the integrated circuit manufacturer rose more than 15%. The company’s third-quarter earnings per share of 76 cents per share after adjustments beat analysts’ consensus estimate of 73 cents, and revenue of $2.08 billion was above an expected $2.07 billion, according to an LSEG survey of Wall Street. Marvell had run up 44% in the past three months ahead of the results. American Eagle Outfitters — The apparel retailer’s stock jumped nearly 10% after it said the holiday shopping season is off to a strong start. American Eagle raised its same-store sales forecast for the fiscal fourth quarter to a range of 8% to 9%. Previously, it had anticipated a low single-digit gain. The company’s fiscal third-quarter results also topped expectations. Asana — The stock rose about 4% in extended trading after Asana, an enterprise work management software platform, beat Wall Street’s third-quarter estimates on top and bottom lines. The company also lifted its fourth-quarter earnings and revenue forecast. Box — The content management company saw shares fall about 5% in extended trading. For the third quarter, Box earned 31 cents per share after adjustments, while analysts polled by FactSet expected 32 cents per share. Box’s revenue for the period slightly exceeded consensus expectations. — CNBC’s Scott Schnipper and Christina Cheddar Berk contributed reporting.
