H2: After-Hours Market News
H3: Walt Disney Reinstates Dividend, Shares Rise 1%
Walt Disney made headlines after the bell when its shares added about 1% following the announcement that the entertainment giant reinstated its dividend at 30 cents a share. The move comes amid activist investor Nelson Peltz and his firm’s proxy fight. The activist is calling for additional seats on Disney’s board.
H3: Ulta Beauty Surges Over 11% on Strong Third-Quarter Results
Ulta Beauty shares surged more than 11% on strong third-quarter results. The company earned $5.07 per share on revenue of $2.48 billion and updated the low end of its full-year guidance. Ulta also said its chief financial officer will retire in April.
H3: Marvell Technology Gains Nearly 3% on Strong Third-Quarter Performance
The chipmaker Marvell Technology gained nearly 3% after the bell. Marvell Technology topped Wall Street’s third-quarter expectations on both the top and bottom lines, posting adjusted earnings of 41 cents per share on $1.42 billion in revenue.
H3: Elastic Skyrockets Nearly 15% on Strong Revenue Report
Shares of Elastic skyrocketed nearly 15% after the company posted revenue for the recent quarter that topped Wall Street’s expectations. Subscription revenue also blew past a StreetAccount estimate of nearly $270 million, and the company’s CEO said generative artificial intelligence is “driving a resurgence of interest in search.”
H3: Dell Reports Mixed Third-Quarter Results, Shares Dip Slightly
Dell shares fell slightly after the personal computer maker reported mixed third-quarter results. The company topped adjusted earnings expectations by 41 cents a share. Revenue came up short of the roughly $23 billion expected.
H3: PagerDuty Lifts Full-Year Outlook, Shares Pop Over 7%
PagerDuty shares popped more than 7% after the digital operations management company lifted its full-year outlook. The company said it expects earnings per share, excluding items, to range between 72 cents and 73 cents for the year, versus its prior guidance of 60 cents to 65 cents.
H3: Ambarella Sees Over 4% Increase in Shares After Revenue Tops Expectations
Ambarella shares rose more than 4% in extended trading after revenue topped expectations and management said it expects to return to revenue growth in fiscal 2025.
H3: Samsara Jumps 13% After Posting Earnings Beat and Upbeat Guidance
The Internet of Things company Samsara jumped 13% in extended trading after posting a top-and-bottom line earnings beat and sharing upbeat guidance. For the fourth quarter, Samsara said it expects EPS to range between 2 cents and 3 cents, excluding items, with revenue also expected to come in ahead of analysts’ estimates.
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