Here’s a look at the companies making headlines in extended trading: Nvidia — The artificial intelligence chipmaker fell 5% despite Nvidia’s fiscal second-quarter results beating expectations. Adjusted earnings per share were 68 cents, beating the LSEG consensus estimate of 64 cents per share. Revenue reached $30.04 billion, beating expectations of $28.7 billion. According to StreetAccount, Nvidia expects revenue for this quarter to be approximately US$32.5 billion, higher than analysts’ expectations of US$31.77 billion. Salesforce — Shares of Salesforce rose 3.5% after the software company reported better-than-expected second-quarter results and raised its full-year profit forecast. Separately, the company said President and Chief Financial Officer Amy Weaver will resign. CrowdStrike — The cybersecurity company’s second-quarter revenue and profit beat estimates, sending its shares up 3.9%. CrowdStrike reported adjusted earnings of $1.04 per share, beating the LSEG consensus estimate of 97 cents per share. Revenue was $963.9 million, above expectations of $959 million. HP – Technology stocks fell 3.6% after HP reported lower-than-expected third-quarter profit. Adjusted earnings per share were 83 cents, missing the 86 cents expected by analysts polled by LSEG. However, revenue of $13.52 billion beat the consensus estimate of $13.38 billion. Nutanix — Shares of the cloud infrastructure company soared 12%. Nutanix reported adjusted earnings of 27 cents per share in the fiscal fourth quarter on revenue of $548 million, beating Wall Street expectations. Analysts polled by LSEG expected earnings of 20 cents per share on revenue of $537 million. Confirmation – Shares of the buy now, pay later provider rose 15%. Affirm gave an optimistic forecast for fiscal first-quarter revenue, predicting a revenue range of $640 million to $670 million. Analysts polled by London Stock Exchange Group (LSEG) expected the funding to be $625 million. Fourth-quarter results also beat Wall Street expectations. Under 50% Off – Shares of the discount retailer are up nearly 7%. Five Below’s full-year guidance topped analysts’ expectations at the high end, with the company expecting adjusted earnings of $4.35 to $4.71 per share on revenue of $3.73 billion to $3.8 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $4.69 per share on revenue of $3.78 billion. Victoria’s Secret — The lingerie retailer gained 3%. Victoria’s Secret raised its full-year financial forecast, expecting net sales to fall about 1% from the previous year, compared with the previous forecast of “low single digits.” Analysts polled by FactSet expected a 2.8% drop. Second-quarter revenue and profit also exceeded Wall Street expectations. Okta — Shares fell 6.7% even after Okta reported fiscal second-quarter profit and revenue that beat analysts’ expectations and issued upbeat third-quarter guidance. Adjusted earnings per share were 72 cents, higher than the 61 cents per share expected by analysts polled by LSEG. Revenue of $646 million beat expectations of $633 million. Pure Storage — Shares of Pure Storage fell 14% even after the company reported fiscal second-quarter results that beat analysts’ expectations. The data storage company earned adjusted earnings of 44 cents per share, topping analysts’ expectations of 37 cents per share, according to LSEG. Revenue was $763.8 million, above expectations of $755 million. Veeva Systems — The cloud computing stock rose more than 4% after Veeva Systems reported fiscal second-quarter profit and revenue that beat estimates. Adjusted earnings per share were $1.62, above the FactSet consensus estimate of $1.53 per share. Revenue was $676.2 million, above expectations of $667.8 million.
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