American Eagle clothing and accessories retailer American Eagle store seen in Tokyo.
Budrul Chukrut | SOPA Images | Light Rocket | Getty Images
Check out the companies making headlines after the bell on Wednesday:
American Eagle Outfitters – The clothing company’s stock jumped 4.2% on the back of better-than-expected results for the fourth quarter. American Eagle logged earnings of 39 cents per share on revenue of $1.29 billion. Analysts polled by Refinitiv expected earnings per share of 36 cents on revenue of $1.28 billion. The retailer also said overall comparable sales declined just 1% as strong online sales mitigated mall closures.
Snowflake – Snowflake stock pulled back 4% after the company issued lackluster full-year revenue guidance. The company expects revenue for its fiscal 2022 to range between $1 billion and $1.02 billion. Analysts polled by FactSet expected revenue guidance of around $1.01 billion. That forecast represents full-year revenue growth of more than 80%, which is a slower expansion rate than the company experienced in its fiscal fourth quarter.
Okta – Shares of the cloud software company fell 12% on the news that Okta is spending $6.5 billion to acquire rival Auth0. The deal is expected to close by July. News of the deal overshadowed Okta reporting better-than-expected earnings and revenue for the previous quarter.
Vroom – Shares of the used-car retailer plunged 15% after the company released its latest quarterly figures. Vroom reported revenue of $406 million, while analysts polled by Refinitiv expected revenue of $401 million. The company also posted a loss of 46 cents per share, but it was not clear whether that’s comparable to Refinitiv’s earnings per share forecast.
These are the stocks posting the largest moves after the bell on Wednesday, March 3.