Global Courant 2023-05-24 02:09:55
Construction workers build a Toll Brothers home in Boca Raton, Florida.
Joe Raedle | Getty Images
Check out the companies making headlines in extended trading.
Palo Alto Networks — Shares rose 3.5% after the company’s third-quarter earnings and revenue beat estimates. The cybersecurity company posted adjusted earnings of $1.10 per share and revenue of $1.72 billion. Analysts polled by Refinitiv had estimated earnings of 93 cents per share and revenue of $1.71 billion. The company’s earnings forecast for the fiscal fourth quarter also beat expectations.
Urban Outfitters — The share of the clothing retailer exploded by 6%. Urban Outfitters posted earnings of 56 cents per share in the first quarter. Analysts had expected earnings of 35 cents per share, according to Refinitiv. Revenue also beat expectations, with the company reporting $1.11 billion versus consensus estimates of $1.09 billion.
Agilent Technologies — Shares of the lab technology company fell more than 6%. Agilent posted profit and revenue growth in its fiscal second quarter, according to Refinitiv. The outlook for profit and revenue in the fiscal third quarter was lower than expected.
intuitive — Shares of the tax software company fell more than 5%. While Intuit’s third-quarter revenue beat expectations, Refinitiv said revenue fell below expectations. The company’s profit outlook for the current quarter was also lower than analysts had estimated.
Toll Brothers — Shares rose more than 3% after the company’s revenue and earnings in the fiscal second quarter beat analyst estimates. The company said the increase in demand that began in January has continued into the early third quarter.
VF Corp — Shares of the clothing company rose 2% in extensive trading. VF, whose brands include Smartwool and The North Face, posted adjusted earnings of 17 cents per share on revenues of $2.74 billion during the fiscal fourth quarter. Analysts were expecting earnings of 14 cents per share on revenue of $2.73 billion, according to Refinitiv.
Stocks going big after hours: PANW, URBN, INTU,
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