Let’s check out the companies that are becoming a hot topic for after-hours trading. American Eagle Outfitters – Shares fell 12% after the company reported lower-than-expected third-quarter earnings. American Eagle’s revenue for the period was $1.29 billion, below the consensus estimate of $1.3 billion, according to LSEG. The company also gave a weak outlook for the holiday season and lowered its full-year sales forecast. 5 Down – The discount retailer reported third-quarter sales of $844 million, up about 11%. That was well above the $799 million expected by analysts surveyed by LSEG. Adjusted earnings also beat Street expectations. The company also provided guidance on its fourth-quarter earnings range, which includes average consensus estimates. Synopsys – Shares fell more than 6% after the company’s first-quarter financial outlook fell short of analysts’ expectations. Synopsys expects earnings to be between $2.77 and $2.82 per share, well below the $3.53 per share that analysts expected, according to LSEG. The company also said it expected first-quarter sales to be below consensus, with the company forecasting first-quarter sales of $1.435 billion to $1.465 billion. Analysts surveyed by LSEG had expected $1.631 billion. Verint Systems – Shares rose 18% after the company’s third-quarter results beat Wall Street expectations. Verint earned 54 cents per share excluding items on revenue of $224.2 million. Analysts polled by LSEG had expected earnings of 43 cents per share and revenue of $210 million. SentinelOne – The cybersecurity stock fell more than 11% after the company’s third-quarter profit was lower than expected. Sentinel One’s adjusted breakeven profit was slightly below the 1 cent per share earnings that analysts had expected, according to LSEG. However, revenue exceeded expectations. The company posted revenue of $211 million in the period, which was higher than the $210 million that analysts had expected. AeroVironment – The maker of unmanned aircraft systems fell 7% following a weak full-year outlook. AeroVironment expects full-year sales to be between $790 million and $820 million, compared to analysts polled by LSEG who expected $828 million. Full-year adjusted earnings estimates were also disappointing, coming in at a range of $3.18 to $3.49 per share, compared to the Street’s estimate of $3.49 per share. ChargePoint – Shares rose about 14% after the electric vehicle charging company reported lower net losses compared to the same period last year. ChargePoint’s third-quarter net loss was $77.6 million, down 51% from the year-ago period. Subscription revenue for the period was $36 million, reflecting 19% year-over-year growth. Sprinklr – Shares rose nearly 6% after the enterprise software company reported better-than-expected third-quarter results. Sprinklr’s adjusted earnings were 10 cents a share on revenue of $207 million, compared to analysts surveyed by FactSet who had estimated earnings of 8 cents a share on revenue of $196.4 million. — CNBC’s Darla Mercado, Lisa Kailai Han and Robert Hum contributed reporting.
AEO, FIVE, SNPS etc.
