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Top After-Hours Stock News: CrowdStrike, Okta, Salesforce, and More

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Cybersecurity Stock CrowdStrike Beats Expectations

The cybersecurity stock CrowdStrike saw a 1% increase in extended trading after beating analysts’ second-quarter expectations. The company reported adjusted earnings of 74 cents per share on revenue of $732 million, surpassing the forecasted earnings per share of 56 cents on revenue of $724 million.

Identity and Access Management Company Okta Exceeds Expectations

Okta, an identity and access management company, experienced a 10% jump in extended trading. It posted second-quarter adjusted earnings of 31 cents per share on revenue of $556 million, surpassing the projected earnings per share of 22 cents on revenue of $535 million. Okta also provided a strong outlook for the third quarter and full year.

Salesforce Reports Strong Fiscal Second-Quarter Earnings

Software company Salesforce saw a 5.6% increase in stock value after reporting fiscal second-quarter earnings and revenue that exceeded estimates. It reported quarterly adjusted earnings of $2.12 per share, surpassing the forecasted $1.90 per share. The company’s revenue of $8.60 billion also exceeded the expected $8.53 billion. Salesforce’s third-quarter outlook is also promising.

Discount Retailer Five Below Shares Weak Outlook

Five Below, a discount retailer, experienced a 7% decline in stock value after sharing a weak outlook. The company expects third-quarter earnings of 17 to 25 cents per share, lower than the forecasted 40 cents per share. It also anticipates weaker third-quarter revenue of $715 million to $730 million, compared to the estimated $738 million.

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Victoria’s Secret Disappoints with Second-Quarter Results

Shares of lingerie retailer Victoria’s Secret slid 2.7% after reporting disappointing second-quarter results. The company posted adjusted earnings of 24 cents per share on revenue of $1.43 billion, falling short of the projected earnings per share of 26 cents on revenue of $1.44 billion. Additionally, Victoria’s Secret expects a third-quarter loss of 70 cents to $1 per share, while analysts had predicted a loss of 14 cents per share.

Pet Food Retailer Chewy Reports Second-Quarter Beat

Pet food retailer Chewy fell nearly 1% despite reporting a second-quarter beat. The company posted revenue of $2.78 billion, surpassing the consensus estimate of $2.76 billion. Earnings came in at 4 cents per share, while analysts had expected a loss of 5 cents per share.

Pure Storage’s Second-Quarter Earnings Exceed Expectations

Shares of Pure Storage rose 1.4% after the company reported better-than-expected second-quarter earnings and provided a positive third-quarter revenue outlook. Pure Storage reported adjusted earnings of 34 cents per share on revenue of $689 million, surpassing the projected earnings per share of 28 cents on revenue of $680 million.

Costco Wholesale Reports Increase in August Net Sales

Costco Wholesale saw a 0.3% rise in after-hours trading after reporting August net sales of $18.42 billion, representing a 5.0% year-over-year increase.

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