Let’s check out the companies that are becoming a hot topic for after-hours trading. Salesforce — The software stock rose 6% after the company posted higher sales in the third quarter. LSEG said revenue was $9.44 billion, beating consensus estimates of $9.35 billion. Meanwhile, adjusted earnings came in at $2.41 per share, slightly below expectations of $2.44 per share. Marvell Technology – The integrated circuit development company soared 10% after announcing rosy guidance for the current quarter. LSEG said the company expects fourth-quarter sales of $1.8 billion, compared with Wall Street’s expectations of $1.65 billion. Adjusted profit and sales for the third quarter also exceeded expectations. Okta — Shares soared 16% after the company’s stronger-than-expected guidance for the fourth quarter. Okta expects revenue for the period in the range of $667 million to $669 million, but analysts surveyed by LSEG were looking for $651 million. Adjusted profit and sales for the third quarter also exceeded expectations. Pure Storage — The data storage company rose more than 26% after its third-quarter results beat expectations. Pure Storage posted adjusted earnings of 50 cents per share on revenue of $831 million. Analysts had expected earnings of 42 cents a share and revenue of $815 million, according to LSEG. Box — Shares fell 2.6% after the cloud-based content management company reported disappointing fourth-quarter guidance. Box expects adjusted earnings of 41 cents per share on revenue of $279 million, in line with analyst expectations, according to LSEG. Campbell’s — The canned soup company’s stock price fell more than 3%. Campbell’s announced that CEO Mark Close will retire and join the NFL’s Washington Commanders as president. The company also announced first-quarter results, reporting revenue of $2.77 billion, compared to analysts’ estimates compiled by LSEG of $2.8 billion. However, adjusted earnings were 89 cents per share, beating expectations of 87 cents per share.
Stocks whose prices fluctuate significantly after hours: CRM, OKTA, BOX, MRVL
