Stocks making the biggest moves after hours: Salesforce, Okta, Box, Marvell Technology and more
Check out the companies making headlines in extended trading.
sales force
– Software shares advanced 6% after the company posted a revenue increase in the third quarter. Revenue of $9.44 billion beat consensus estimates of $9.35 billion, according to LSEG. Meanwhile, adjusted earnings of $2.41 per share were slightly below estimates of $2.44 per share.
Marvel Technology
– The integrated circuit developer jumped 10% after issuing optimistic forecasts for the current quarter. The company forecast fourth-quarter revenue of $1.8 billion, compared with Wall Street’s estimate of $1.65 billion, according to LSEG. Earnings and adjusted revenue in the third quarter also beat expectations.
Okta
– Shares rose 16% following the company’s better-than-expected guidance for the fourth quarter. Okta expects revenue for the period to range between $667 million and $669 million, while analysts surveyed by LSEG were looking for $651 million. Earnings and adjusted revenue for the third quarter also beat expectations.
Pure storage
– The data storage company rebounded more than 26% with third-quarter results that beat forecasts. Pure Storage posted adjusted earnings of 50 cents per share on revenue of $831 million. Analysts had expected earnings of 42 cents per share and $815 million in revenue, according to LSEG.
Box
– Shares fell 2.6% after the cloud-based content management company issued disappointing fourth-quarter guidance. Box expects adjusted earnings of 41 cents per share on revenue of $279 million, which is in line with what analysts were looking for, according to LSEG.
Campbell
— Shares of the canned soup company fell more than 3%. Campbell’s said CEO Mark Clouse will retire and join the NFL’s Washington Commanders as president. The company also released its fiscal first-quarter results, reporting revenue of $2.77 billion, while analysts surveyed by LSEG anticipated $2.8 billion. However, adjusted earnings of 89 cents per share beat estimates of 87 cents per share.
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