Check out the companies making headlines in after-hours trading. Snowflake — Shares tumbled nearly 7% even after the software company beat quarterly expectations and slightly raised its full-year product revenue guidance. Snowflake reported fiscal second-quarter adjusted earnings of 18 cents per share, higher than the 16 cents per share expected by analysts surveyed by LSEG. Its revenue was $869 million for the period, higher than the $851 million expected by analysts. Urban Outfitters — The retailer fell roughly 4% after same-store sales disappointed analysts. Stores for the Urban Outfitters brand that were open for at least a year fell 9.3% in the second quarter, compared to analysts’ expectations of an 8.3% decline. The company also posted $1.24 a share in earnings on $1.35 billion in revenue. Analysts polled by LSEG, meanwhile, expected earnings of $1 per share on $1.34 billion in revenue. Agilent Technologies — Shares of Agilent, which provides products used in laboratory processes, gained almost 2% on the back of its better-than-expected third-quarter earnings report. The company posted adjusted earnings per share of $1.32, while analysts polled by FactSet expected $1.26 per share. Revenue came out at $1.58 billion, slightly higher than analysts’ expectations of $1.56 billion. Wolfspeed — The semiconductor stock slipped about 1%. For the fiscal fourth quarter, Wolfspeed reported an adjusted loss of 89 cents per share, while analysts surveyed by LSEG expected a loss of 85 cents per share. The company’s quarter revenue of $201 million was in line with analysts’ estimates, per LSEG. Zoom Video — Zoom edged 2.7% higher after reporting a strong second quarter and topping guidance estimates. The company posted adjusted earnings of $1.39 per share on $1.16 billion, higher than earnings of $1.21 per share. Zoom also announced that its chief financial officer Kelly Steckelberg is leaving the company. Charles Schwab – Shares of the brokerage slid nearly 5%. TD Bank Group said it sold 40.5 million shares of Schwab, lowering its ownership in the brokerage to 10.1% from 12.3%. TD also said it is taking a provision of $2.6 billion to resolve investigations into its anti-money laundering program, and the proceeds from the Schwab share sale will help offset the amount. — CNBC’s Darla Mercado and Robert Hum contributed reporting.
Read the full article here