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FinancePalo Alto Networks & more

Palo Alto Networks & more

Signage outdoors Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021.

David Paul Morris | Bloomberg | Getty Images

Check out the businesses making headlines after the bell Thursday:

Applied Materials — Applied Materials shares fell more than 2% after the chipmaker posted quarterly outcomes that missed analyst estimates. The firm earned $1.85 per share on income of $6.25 billion. Analysts anticipated a revenue of $1.90 per share on income of $6.38 billion, in keeping with Refinitiv. Applied Materials’ current-quarter steerage for earnings and income was additionally beneath StreetAccount estimates. CEO Gary Dickerson stated the corporate is “constrained by on-going supply chain issues.”

Palo Alto Networks — Shares of the cybersecurity firm jumped 10% on the again of better-than-expected quarterly outcomes. Palo Alto Networks reported earnings per share of $1.79 on income of $1.39 billion. Analysts polled by Refinitiv anticipated a revenue of $1.68 per share on income of $1.36 billion. The firm additionally issued stronger-than-expected earnings and income steerage for the fiscal fourth quarter.

Ross Stores — Ross Stores fell more than 18% after the retailer posted first-quarter income that was beneath analyst expectations. The firm’s earnings per share and same-store gross sales steerage for the second quarter additionally got here in beneath estimates. “Following a stronger-than-planned start early in the period, sales underperformed over the balance of the quarter,” CEO Barbara Rentler stated.

Deckers Outdoor — Shares of Deckers Outdoor rallied more than 12% after the corporate posted a revenue of $2.51 per share on income of $736 million. Those outcomes topped Refinitiv estimates of $1.32 per share on gross sales of $639 million. The firm’s full-year income steerage was additionally above expectations.

VF Corp — VF Corp shares rose more than 3% after the clothes firm hiked its full-year earnings outlook. The firm expects a revenue ranging between $3.30 per share and $3.40 per share for fiscal 2023. That’s up from prior steerage of roughly $3.20 per share.


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