Check out the companies making headlines in extended trading. Salesforce — The software stock advanced 6% after the company posted a revenue beat in the third quarter. Revenue of $9.44 billion topped consensus forecasts calling for $9.35 billion, according to LSEG. Meanwhile, adjusted earnings of $2.41 per share slightly missed estimates for $2.44 per share. Marvell Technology – The developer of integrated circuits jumped 10% after issuing rosy guidance for the current quarter. The company sees fourth-quarter revenue coming in at $1.80 billion, compared to Wall Street’s estimate of $1.65 billion, per LSEG. Adjusted earnings and revenue in the third quarter also topped expectations. Okta — Shares popped 16% following the company’s stronger-than-expected guidance for the fourth quarter. Okta sees revenue for the period ranging between $667 million and $669 million, while analysts polled by LSEG sought $651 million. Adjusted earnings and revenue for the third quarter also topped expectations. Pure Storage — The data storage company rallied more than 26% on third-quarter results that topped forecasts. Pure Storage posted adjusted earnings of 50 cents per share on revenues of $831 million. Analysts had expected earnings of 42 cents per share and $815 million in revenue, according to LSEG. Box — Shares dropped 2.6% after the cloud-based content management company issued disappointing guidance for the fourth quarter. Box anticipates adjusted earnings of 41 cents per share on revenue of $279 million, which is in line with what analysts sought, per LSEG. Campbell’s — Shares of the canned soup company fell more than 3%. Campbell’s said that CEO Mark Clouse will retire and join the NFL’s Washington Commanders as president. The company also issued its fiscal first quarter results, reporting revenue of $2.77 billion, while analysts polled by LSEG anticipated $2.80 billion. Adjusted earnings of 89 cents a share topped estimates for 87 cents per share, however.
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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