Stocks making the biggest moves after hours: HPQ, DELL, URBN
Check out the companies making headlines in after-hours trading. HP Inc. — Shares of the computer and printer manufacturer fell more than 5% after issuing disappointing guidance and saying it would cut 10% of its workforce . Fiscal fourth-quarter results beat on the top and bottom line, but the company warned it will need to cut 6,000 jobs as its ramps up its adoption of artificial intelligence. CEO Enrique Lores said the effort will ultimately produce $1 billion in annualized gross run rate savings over the next three years. Urban Outfitters — The retail stock jumped about 17% in extended trading on the back of strong third-quarter results. Urban Outfitters earned $1.28 per share, topping the $1.20 per share estimate from LSEG. Urban’s revenue for the period came out at $1.53 billion, exceeding analysts’ expectations of $1.47 billion. Dell Technologies — Shares rose nearly 3% despite weaker-than-expected third-quarter revenue . Dell, however, forecasted a stronger-than-expected fourth quarter driven by increased AI sales. PagerDuty — Shares of the software company fell 6% after reporting mixed third-quarter results. The company earned 33 cents per share on revenue of $124.5 million. While revenue was up nearly 5%, it was slightly shy of the $125.4 million estimate. The company also trimmed its outlook. It now anticipates revenue will be between $490 million and $492 million for the fiscal year, down from a range of $493 million to $497 million. However, its non-GAAP earnings forecast was raised to $1.11 to $1.12 per share for fiscal 2026, up from $1.00 to $1.04 per share previously. Workday — The AI-empowered people management company saw shares dip 5% in after-hours trading, despite posting a beat on top and bottom lines for the third quarter. Workday earned $2.32 per share after adjustments on revenue of $2.43 billion. Analysts expected the company to earn $2.18 per share on $2.42 billion in revenue. NetApp — Shares of the data infrastructure company jumped 5% after NetApp’s second-quarter financial results and third-quarter guidance came out higher than Wall Street’s expectations. NetApp earned $2.05 per share, excluding items, while analysts polled by LSEG expected $1.89 for the previous quarterly period. NetApp’s revenue of $1.71 billion also exceeded the $1.69 billion that was forecasted. Zscaler — The cloud security company’s shares dipped more than 7%. Zscaler beat first-quarter earnings and revenue expectations, and also provided strong full-year guidance, but shares were pressured by the company’s operating loss. Ambarella — Shares fell more than 5% despite third-quarter earnings that outpaced estimates. The company earned 27 cents per share, excluding items, on revenue of $109 million, compared with estimates of 21 cents per share and $104 million, respectively. Ambarella anticipates fourth-quarter revenue will be between $97 million and $103 million, which also topped estimates of $94 million. Separately, Leslie Kohn, the company’s chief technology officer, has resigned his position and will also step down from the board. Kohn will remain a part-time advisor. — CNBC’s Christina Cheddar Berk contributed reporting.
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