Stocks moving big after hours: PANW, URBN, INTU, TOL
Several companies saw movement in their shares during after-hours trading on Thursday after releasing their latest earnings reports. Here is a breakdown of the companies performing well and those that are struggling.
Palo Alto Networks saw a 3.5% gain after its fiscal third-quarter earnings and revenue beat estimates. The cybersecurity company posted adjusted earnings of $1.10 per share and revenue of $1.72 billion. Analysts had estimated earnings of 93 cents per share and $1.71 billion in revenue. The company’s earnings guidance for the fiscal fourth quarter also surpassed expectations.
Urban Outfitters’ stock jumped 6% after reporting earnings of 56 cents per share in the first quarter. Analysts had expected earnings of 35 cents per share, according to Refinitiv. Revenue also beat expectations, with the company reporting $1.11 billion compared to consensus estimates of $1.09 billion.
Shares of lab technology company Agilent Technologies declined more than 6% despite posting an earnings and revenue beat in the fiscal second quarter. However, guidance for earnings and revenue in the fiscal third quarter was lower than anticipated.
Intuit, the tax software company, saw shares fall more than 5%. While its fiscal third-quarter earnings beat estimates, revenue fell below expectations, according to Refinitiv. The company’s earnings outlook for the current quarter was also lower than what analysts had estimated.
Toll Brothers gained more than 3% after its fiscal second-quarter earnings and revenue beat analysts’ estimates. The company said the increase in demand that started in January has continued into the start of its third quarter.
VF Corp., the apparel company whose brands include Smartwool and The North Face, saw shares jump 2% after posting adjusted earnings of 17 cents per share on revenue of $2.74 billion during its fiscal fourth quarter. Analysts were calling for earnings of 14 cents per share on revenue of $2.73 billion, according to Refinitiv.
FAQs
Q: What caused Palo Alto Networks’ shares to gain after hours?
A: The cybersecurity company’s fiscal third-quarter earnings and revenue exceeded estimates.
Q: Why did shares of Agilent Technologies decline after their earnings report?
A: While the company posted an earnings and revenue beat in the fiscal second quarter, guidance for earnings and revenue in the fiscal third quarter was lower than anticipated.
Q: What caused Intuit’s shares to fall after hours?
A: While the tax software company’s fiscal third-quarter earnings beat estimates, revenue fell below expectations and the company’s earnings outlook for the current quarter was lower than what analysts had estimated.
Q: Which company saw a 6% jump in their stock price after releasing their earnings report?
A: Urban Outfitters reported earnings of 56 cents per share in the first quarter, beating analysts’ expectations, and revenue also surpassed consensus estimates.
PANW, URBN, INTU, TOL experience significant after-hours stock movement.
In after-hours trading, several companies are making headlines. Cybersecurity company Palo Alto Networks saw a 3.5% increase in shares after their third-quarter earnings and revenue exceeded expectations, with earnings of $1.10 per share and revenue of $1.72 billion. Clothing retailer Urban Outfitters also saw a jump in their stock, with a 6% increase after posting earnings per share of 56 cents in the first quarter – exceeding analyst expectations. Laboratory technology company Agilent Technologies saw a decline in shares, with guidance for earnings and revenue in the fiscal third quarter lower than anticipated. Tax software company Intuit fell more than 5%, with lower-than-expected revenue despite beating earnings estimates. Finally, Toll Brothers saw a more than 3% increase in shares after their fiscal second-quarter earnings and revenue beat analyst estimates, and VF Corporation’s shares jumped 2% after posting adjusted earnings of 17 cents per share on revenue of $2.74 billion during its fiscal fourth quarter.