Stocks making the biggest moves after hours: CRM, FIVE, AI
Check out the companies making headlines in after-hours trading. Salesforce — Shares of the software company rose more than 5% in extended trading after Salesforce posted mixed third-quarter results , but guided its fourth-quarter revenue higher. Salesforce earned $3.25 per share, excluding items, in the latest quarter, topping the LSEG estimate of $2.86 per share. Revenue of $10.26 billion fell just short of the $10.27 billion consensus forecast. For the full year, Salesforce raised its revenue outlook to between $41.45 billion and $41.55 billion. UiPath — The business automation software provider jumped 9% postmarket after third-quarter adjusted earnings of 16 cents per share and revenue of $411 million topped analysts’ consensus estimate of 15 cents and $393 million, respectively, according to LSEG data. Snowflake — The cloud-based data storage stock slid more than 8% after Snowflake gave a slightly disappointing outlook for its product revenue growth for the January quarter. Still, the company reported a beat on top and bottom lines for its third quarter. Expectations were high heading into the results, with the stock up 72% year to date. Five Below — The discount retailer reported blowout third-quarter results, leading the stock about 4% higher in the after-hours session. Five Below posted adjusted earnings per share of 68 cents, nearly three times higher than analysts’ estimate of 24 cents, per LSEG. The company’s revenue of $1.04 billion also flew past analysts’ call of $980 million. C3.ai — Shares of C3.ai dipped more than 1% after the company reported a beat on adjusted loss per share and subscription revenue, but missed gross margin expectations. The company’s fiscal second-quarter adjusted loss of 25 cents per share widened from a loss of 6 cents per share a year earlier. Analysts polled by LSEG had expected a loss of 33 cents per share. PVH Corp. — Shares of the Calvin Klein and Tommy Hilfiger brands fell nearly 3% as the company narrowed its sales and earnings forecasts to the upper end of its prior guidance. The revised forecast follows better-than-expected fiscal third-quarter results. For the fiscal year, PVH expects adjusted earnings of between $10.85 to $11.00 per share, compared with a prior estimate of $10.75 to $11 per share. Revenue is expected to increase at a low single-digit pace. —CNBC’s Christina Cheddar Berk and Scott Schnipper contributed reporting.
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