Customers walk through a mall along the Magnificent Mile in Chicago, March 15, 2023.
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Check out the companies making headlines after the stock market bell.
Nordstrom — Shares of the luxury department store rose 9% in extended trading after fiscal first-quarter sales beat Wall Street expectations. The strong results came despite the retailer reporting a drop in spending and forecasting lower sales in the coming months. Nordstrom also reiterated its full-year outlook.
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Foreclosure — The software giant’s share price fell nearly 4%. The company said capital expenditures totaled $243 million in its most recent quarter, up about 36% and above the consensus of $205 million among analysts polled by StreetAccount. Aside from that development, Salesforce released quarterly earnings that beat estimates across the board and raised its full-year earnings guidance.
CrowdStrike – Shares of the cybersecurity company fell nearly 12% in after-hours trading after the company reported slowing revenue growth. CrowdStrike reported quarterly revenue of $692.6 million, up 42% year over year and slower than the 61% growth reported in the year-ago quarter.
octa – Shares of the software company fell 13% in after-hours trading despite a better-than-expected earnings report. It appeared that management’s warning of mounting “macroeconomic pressures” could have been the trigger for the price decline. Okta also raised guidance for fiscal 2024.
C3.ai – According to Refinitiv, the artificial intelligence tech company saw its stock fall 18% even after beating expectations for revenue and earnings for the fourth fiscal quarter. C3.ai expects Q1 revenue to be between $70 million and $72.5 million, which is less rosy than Wall Street was expecting. The stock is up more than 250% this year on Wall Street’s enthusiasm for AI.
Tough — The pet retailer’s shares rose about 12%. According to Refinitiv, Chewy made a profit of 5 cents a share, beating analysts’ forecasts of a loss of 4 cents a share. Revenue came in ahead of expectations at $2.78 billion, versus $2.73 billion expected by Wall Street.
Pure storage – Shares rose 7% after the data storage company beat analysts’ expectations in the most recent quarter. Pure Storage posted adjusted earnings of 8 cents a share on revenue of $589 million. According to Refinitiv, analysts were expecting earnings of 4 cents a share on sales of $559 million.
— CNBC’s Darla Mercado contributed to this report.
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