ULTA, DELL, GAP, ADSK and more
Check out the companies making headlines in extended trading. Ulta Beauty — The cosmetics and beauty products retailer surged about 6% after raising its full-year earnings and revenue forecast. Ulta expects full-year revenue of $12 billion to $12.1 billion, above the $11.7 billion estimate from analysts polled by LSEG. Ulta expects full-year earnings of $23.85 to $24.30 per share, while analysts were expecting $23.65. Ambarella — The semiconductor design company climbed nearly 19% following third-quarter guidance that topped analysts’ estimates. Ambarella expects revenue in the current quarter of $100 million to $108 million, while analysts polled by LSEG had seen $91 million. The firm also topped analyst estimates on the top and bottom line in the second quarter. Affirm Holdings — The buy-now-pay-later fintech provider rallied 9% after fiscal fourth-quarter earnings and revenue beat analyst estimates. Affirm earned 20 cents per share on revenue of $876 million, while analysts polled by LSEG were looking for 11 cents per share on $837 million. Dell Technologies — The personal computer maker slipped about 4% following second-quarter results that beat analyst estimates. Dell earned $2.32 per share on revenue of $29.78 billion, while analysts polled by LSEG were looking for $2.30 per share and $29.17 billion. Non-GAAP gross margin and operating margin were weaker than analysts had estimated, and storage, client solutions group and commercial revenue also came up short, according to StreetAccount. Marvell Technology — The semiconductor stock pulled back more than 8% on a weaker-than-expected revenue outlook for the third quarter. Marvell expects revenue in the current quarter of $2.06 billion, while analysts polled by LSEG estimated $2.11 billion. SentinelOne — The cybersecurity provider popped nearly 8% in extended trading after an upbeat revenue forecast. SentinelOne earned an adjusted 4 cents per share in its second quarter, topping analyst estimates by a penny. Revenue, which jumped 22%, was in line with the consensus, at $242 million. Third-quarter revenue is pegged at $256 million, higher than analysts expected. Gap — The clothing retailer dropped 5% after second-quarter revenue of $3.73 billion lagged analysts’ estimate for $3.74 billion, based on the LSEG consensus. Autodesk — The software maker gained about 11% on the heels of a stronger-than-expected full-year outlook. Autodesk said it expects full-year adjusted earnings per share in the range of $2.48 to $2.51 while analysts polled by LSEG had estimated $2.39. Autodesk sees full-year revenue between $7.03 billion and $7.08 billion, above the $6.97 billion consensus estimate. Elastic — Shares of the search AI platform jumped more than 20% after fiscal first-quarter results outpaced estimates. Elastic earned 60 cents per share on a non-GAAP basis, on revenue of $415 million. Analysts polled by LSEG were looking for a profit of 42 cents a share on revenue of $397 million. — CNBC’s Christina Cheddar-Berk contributed reporting
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