Gap, Workday, Autodesk Lead After-Hours Moves

Earnings
โดย CNBC·US·Read original
Summary · why it matters

In extended trading, Gap shares jumped about 7% after the company announced Michael Francis will become CEO of Old Navy starting Nov. 2, succeeding Haio Barbeito, and reported second-quarter adjusted earnings of 52 cents per share, beating the LSEG consensus of 48 cents. Marvell Technology was marginally lower despite beating expectations with adjusted earnings of 94 cents per share on $2.74 billion in revenue, versus the anticipated 93 cents and $2.71 billion. Workday dropped 5.7% after its current-quarter subscription revenue outlook only matched analyst expectations, though it surpassed estimates on both top and bottom lines for the second quarter. Rubrik tumbled 10% despite beating analyst expectations for the second quarter and hiking its guidance, reporting adjusted earnings of 20 cents per share on $427 million in revenue, versus the expected 4 cents and $396 million. Autodesk slid 6% after its earnings projections disappointed, with third-quarter adjusted earnings guidance of $3.04 to $3.09 per share below the $3.14 consensus, and full-year guidance of $12.52 to $12.60 per share versus the $12.60 anticipated. Elastic N.V. surged 15% after full-year guidance topped expectations, with adjusted earnings of $3.29 to $3.37 per share on revenue of $1.998 billion to $2.010 billion, beating the $3.24 and $1.99 billion estimates. SentinelOne shed almost 7% after issuing a weak current-quarter and full-year earnings outlook, overshadowing a stronger-than-expected second-quarter report.

Impact on stocks 7

Cloud & Digital Infrastructure▼ · 2 stocks
Autodesk Inc
ADSK
▼ NegativeCapitalrelevance

Third-quarter and full-year adjusted earnings guidance below consensus.

Workday Inc
WDAY
▼ NegativeCapitalrelevance

Current-quarter subscription revenue outlook only matched expectations, disappointing investors.

Artificial Intelligence▲ · 2 stocks
Elastic NV
ESTC
▲ PositiveCapitalrelevance

Full-year guidance topped expectations with adjusted EPS and revenue above estimates.

Cybersecurity & Digital Trust▼ · 2 stocks
Rubrik, Inc.
RBRK
▼ NegativeCapitalrelevance

Despite beating Q2 estimates and raising guidance, shares tumbled 10%.

SentinelOne Inc
S
▼ NegativeCapitalrelevance

Weak current-quarter and full-year earnings outlook overshadowed strong Q2 report.

Consumer Discretionary▲ · 1 stocks
The Gap, Inc.
GAP
▲ PositiveCapitalrelevance

Beat Q2 adjusted EPS consensus and announced new Old Navy CEO.

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