Signage outside Palo Alto Networks headquarters in Santa Clara, California, USA on Thursday, May 13, 2021.
David Paul Morris | Bloomberg | Getty Images
Check out the companies making headlines after Thursday’s bell:
Applied materials Shares of Applied Materials fell more than 2% after the chip maker released quarterly results that fell short of analysts’ estimates. The company earned $ 1.85 per share on revenue of $ 6.25 billion. Analysts had expected a profit of $ 1.90 per share on revenue of $ 6.38 billion, according to Refinitiv. Applied Materials’ earnings and revenue guidance for the current quarter was also below StreetAccount estimates. CEO Gary Dickerson said the company is “constrained by continuing supply chain problems”.
Palo Alto networks – Shares of the cyber security firm rose 10% on better-than-expected quarterly results. Palo Alto Networks posted earnings per share of $ 1.79 on revenue of $ 1.39 billion. Analysts interviewed by Refinitiv had expected a profit of $ 1.68 per share on revenue of $ 1.36 billion. The company also issued stronger-than-expected earnings and revenue guidance for the fiscal fourth quarter.
Ross shops – Ross Stores fell more than 18% after the retailer posted lower-than-expected first-quarter revenue from analysts. The company’s earnings per share and same-store sales guidance for the second quarter are also below estimates. “After a stronger-than-expected start at the start of the period, sales underperformed for the remainder of the quarter,” said CEO Barbara Rentler.
Decker is outdoors Shares of Deckers Outdoor were up more than 12% after the company posted a profit of $ 2.51 per share on revenue of $ 736 million. These results surpassed Refinitiv’s estimates of $ 1.32 per share on sales of $ 639 million. The company’s full-year revenue drive was also above expectations.
VF Corp Shares of VF Corp were up more than 3% after the apparel company increased its full-year earnings outlook. The company expects profit of between $ 3.30 per share and $ 3.40 per share for fiscal year 2023. This is up from previous guidance of approximately $ 3.20 per share.