Stocks making big moves after hours: NVDA, SNOW and more
Check out the companies making headlines in extended trading: Nvidia — The artificial intelligence darling fell nearly 2% despite beating expectations in the third quarter and providing strong guidance. Nvidia posted 81 cents in adjusted earnings per share and a profit of $35.08 billion. Analysts polled by LSEG had expected 75 cents in earnings per share and revenue of $33.16 billion. Snowflake – The cloud stock rose 18% after beating expectations for third-quarter revenue and issuing strong guidance. Snowflake posted adjusted earnings of 20 cents per share on $942 million in revenue, while analysts polled by LSEG had forecast 15 cents in earnings per share and $897 million in revenue. Palo Alto Networks – The cybersecurity stock fell 5%. Palo Alto announced a two-for-one stock split. The company issued guidance for its fiscal second quarter, calling for adjusted earnings of $1.54 to $1.56 per share on revenue of $2.22 billion to $2.25 billion. That was roughly in line with the Street’s forecast of $1.55 per share in earnings and revenue of $2.23 billion, per FactSet. Jack in the Box – The restaurant fell 5.6% after its fiscal fourth quarter revenue reached $349.3 million, below the consensus forecast of $356.7 million from analysts polled by FactSet. Jack in the Box, on the other hand, earned $1.16 per share, excluding items, which was 7 cents ahead of what Wall Street was penciling in.
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