Check out the companies making headlines in after-hours trading. Snowflake — Shares of Snowflake fell nearly 7% even though the software company beat quarterly estimates and slightly raised its full-year product revenue guidance. Snowflake reported fiscal second-quarter adjusted earnings of 18 cents per share, above the 16 cents per share expected by analysts polled by London Stock Exchange Group (LSEG). Its revenue for the period was US$869 million, higher than analysts’ expectations of US$851 million. Urban Outfitters – The retailer’s shares fell about 4% after same-store sales disappointed analysts. The Urban Outfitters brand’s stores open for at least a year fell 9.3% in the second quarter, while analysts expected a decline of 8.3%. The company also reported earnings of $1.24 per share on revenue of $1.35 billion. Meanwhile, analysts polled by London Stock Exchange Group (LSEG) expected earnings of $1 per share on revenue of $1.34 billion. Agilent Technologies Inc. – Agilent Technologies, which provides products used in laboratory processes, reported better-than-expected third-quarter earnings and its shares rose nearly 2%. The company reported adjusted earnings of $1.32 per share, while analysts polled by FactSet expected earnings of $1.26 per share. Revenue was $1.58 billion, slightly above analysts’ expectations of $1.56 billion. Wolfspeed — Semiconductor stocks fell about 1%. For its fiscal fourth quarter, Wolfspeed reported an adjusted loss of 89 cents per share, while analysts polled by LSEG expected a loss of 85 cents per share. The company’s quarterly revenue was $201 million, in line with analysts’ expectations, according to LSEG. Zoom Video — Zoom edged up 2.7% after reporting a strong second quarter and beating guidance. The company reported adjusted earnings of $1.39 per share, at $1.16 billion, up from $1.21 per share. Zoom also announced that its Chief Financial Officer Kelly Steckelberg will be leaving the company. Charles Schwab – Shares of the brokerage fell nearly 5%. TD Bank Group said it sold 40.5 million Charles Schwab shares, reducing its stake in the brokerage firm to 10.1% from 12.3%. TD Bank also said it would set aside $2.6 billion to resolve an investigation into its anti-money laundering program, and proceeds from the sale of Charles Schwab stock would help offset that amount. —CNBC’s Darla Mercado and Robert Hum contributed reporting.
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