Customers walk through a shopping mall along Chicago’s Magnificent Mile on March 15, 2023.
Scott Olson | Getty Images
Check out the companies that make headlines after the bell:
Nordstrom — The luxury department store’s shares rose 9% in after-hours trading after sales beat Wall Street’s expectations in the first quarter of the fiscal year. The strong performance came despite the retailer reporting lower spending and forecasting a slowdown in sales in the coming months. Nordstrom also restated its outlook for the full year.
Salesforce — The software giant’s stock fell nearly 4%. Capital spending totaled $243 million in the most recent quarter, up about 36 percent, the company said, beating the $205 million consensus of analysts surveyed by StreetAccount. Separately from this development, Salesforce reported better-than-expected quarterly results overall and raised its earnings guidance for the full year.
CrowdStrike — The cybersecurity company’s shares fell nearly 12% in after-hours trading after the company reported slowing revenue growth. Crowdstrike’s quarterly sales were $692.6 million, up 42% year over year. This is slower than his 61% growth he reported in the same period last year.
Okta — The software company’s stock fell 13% in after-hours trading despite a better-than-expected quarterly report. Management’s warning of increasing “macroeconomic pressures” may have contributed to the stock’s decline. Okta also canceled its outlook for fiscal 2024.
C3.ai — The artificial intelligence technology company saw its share price fall 18% despite better-than-expected fourth-quarter revenue and bottom line earnings, according to Refinitiv. C3.ai expects first-quarter sales to go from $70 million to $72.5 million, but it’s not as rosy as The Street had expected. The stock has soared more than 250% this year on the back of Wall Street’s enthusiasm for AI.
Chewy — The pet retailer’s stock is up about 12%. Chewie posted a 5-cent profit per share, beating analyst expectations of a 4-cent loss per share, according to Refinitiv. Sales beat Wall Street’s forecast of $2.73 billion to $2.78 billion.
Pure Storage — Stock rose 7% as data storage outperformed analyst expectations in the latest quarter. Pure Storage reported adjusted earnings of 8 cents per share on revenue of $589 million. Analysts had expected earnings of 4 cents a share on revenue of $559 million, according to Refinitiv.
–CNBC’s Darla Mercado contributed to this report.
