Stocks making the biggest moves after hours: Salesforce, Okta, Box, Marvell Technology and more
Check out the companies making headlines in extended trading. Salesforce — The software stock advanced 6% after the company posted a revenue beat in the third quarter. Revenue of $9.44 billion topped consensus forecasts calling for $9.35 billion, according to LSEG. Meanwhile, adjusted earnings of $2.41 per share slightly missed estimates for $2.44 per share. Marvell Technology – The developer of integrated circuits jumped 10% after issuing rosy guidance for the current quarter. The company sees fourth-quarter revenue coming in at $1.80 billion, compared to Wall Street’s estimate of $1.65 billion, per LSEG. Adjusted earnings and revenue in the third quarter also topped expectations. Okta — Shares popped 16% following the company’s stronger-than-expected guidance for the fourth quarter. Okta sees revenue for the period ranging between $667 million and $669 million, while analysts polled by LSEG sought $651 million. Adjusted earnings and revenue for the third quarter also topped expectations. Pure Storage — The data storage company rallied more than 26% on third-quarter results that topped forecasts. Pure Storage posted adjusted earnings of 50 cents per share on revenues of $831 million. Analysts had expected earnings of 42 cents per share and $815 million in revenue, according to LSEG. Box — Shares dropped 2.6% after the cloud-based content management company issued disappointing guidance for the fourth quarter. Box anticipates adjusted earnings of 41 cents per share on revenue of $279 million, which is in line with what analysts sought, per LSEG. Campbell’s — Shares of the canned soup company fell more than 3%. Campbell’s said that CEO Mark Clouse will retire and join the NFL’s Washington Commanders as president. The company also issued its fiscal first quarter results, reporting revenue of $2.77 billion, while analysts polled by LSEG anticipated $2.80 billion. Adjusted earnings of 89 cents a share topped estimates for 87 cents per share, however.
