Stocks making the biggest moves after hours: AEO, CRM, AI, GTLB
Check out the companies making headlines after hours. American Eagle Outfitters — The clothing retailer surged almost 24% in extended trading. American Eagle Outfitters topped expectations in the second quarter thanks to a partnership with actress Sydney Sweeney that the company called its “best” advertising campaign to date. The company earned 45 cents per share on revenue of $1.28 billion. Analysts polled by LSEG had expected it to earn 21 cents per share on revenue of $1.24 billion. Salesforce — The stock dropped more than 4% after Salesforce issued third-quarter revenue guidance of $10.24 billion to $10.29 billion, a little light of the $10.29 billion LSEG consensus estimate. Otherwise, the software company posted a beat in its second quarter, with adjusted per-share earnings of $2.91 on revenue of $10.24 billion. Analysts polled by LSEG had expected per-share earnings of $2.78 on revenue of $10.14 billion. C3.ai — The maker of custom artificial intelligence applications for business fell almost 11% in after-hours trading following a fiscal first-quarter adjusted loss that was wider than analysts estimated. Revenue also fell short. C3.ai withdrew its full-year forecast as it named a new chief executive and restructured its sales and services organization. Asana — Shares of the work management company rallied more than 7% after Asana reported second-quarter results that came in above expectations. The company posted adjusted earnings of 6 cents per share on revenue of $197 million. Analysts surveyed by LSEG had expected per-share earnings of 5 cents on revenue of $193 million. Hewlett Packard Enterprise — The enterprise information technology company fell 2%, even after reporting a beat in its most recent quarter. Hewlett Packard Enterprise posted third-quarter adjusted earnings of 44 cents per share on revenue of $9.14 billion. That’s above the LSEG consensus arnings estimate of 43 cents per share on revenue of $8.53 billion. Gitlab — Shares tumbled roughly 6% after the web-based software development platform issued lackluster third-quarter and full year revenue guidance. Gitlab expects third-quarter revenue of $238 million to $239 million, lower than the $242 million consensus estimate, according to LSEG. The company expects full year revenue of $936 million to $942 million, light of the $941 million consensus estimate. Otherwise, Gitlab topped expectations in its fiscal second quarter. It also announced CFO Brian Robins will step down effective Sept. 19. Figma — Shares of the design software provide tumbled 11% after reporting its first quarterly results as a public company. While revenue rose 41% from the second quarter of last year, Figma broke even on a per share basis. The company expects fiscal 2025 revenue to be between $1.02 billion and $1.03 billion, compared with an average estimate of $1.01 billion. PagerDuty — The SaaS-based digital operation software provider dropped 4% postmarket after fiscal third-quarter guidance failed to exceed Wall Street analysts’ estimates and it lowered the top end of its full year revenue forecast.
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