Nvidia’s headquarters in Santa Clara, California, on Tuesday, February 23, 2021.
David Paul Morris Bloomberg | Getty Images
Here are the actions that make remarkable movements after the bell.
Nvidia – Chip availability fell more than 6% after Nvidia’s second-quarter targets showed lower-than-expected revenue. The company said in a press release that sanctions against Russia and the blockade in China would amount to $ 500 million for the quarter. Nvidia really exceeded expectations for the top and bottom lines for the first quarter.
Twitter – Twitter shares rose more than 7% after Elon Musk increased his financial commitment to a takeover bid. The shares are still trading well below Musk’s offer price of $ 54.20 per share.
Snowflake – Software stocks fell 13%, although revenue fell for the first quarter. Snowflake’s forecast for the adjusted operating margin was lower than expected.
Williams-Sonoma – The retailer’s shares rose 17% after Williams-Sonoma exceeded expectations for the first quarter. The company reported adjusted earnings per share of $ 1.50 billion on revenue of $ 1.89 billion. Analysts polled by Refinitiv expected $ 2.90 earnings per share on $ 1.81 billion in revenue. Comparable sales grew faster than expected in Pottery Barn and West Elm.
Nutanix – Shares of the technology company fell 28% after the company’s guidelines for the fourth fiscal quarter called for an unexpected decline in revenue compared to the third quarter. The company identified supply chain and staffing problems as challenges.
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