Salesforce.com, Inc. (NYSE:CRM) shares rose more than 5% in extended trading Wednesday after the company’s fiscal second-quarter results surpassed expectations.
The cloud software company posted earnings of $2.12 per share on revenue of $8.6 billion, beating Street expectations of $1.90 per share and 8.53 billion. Specifically, Salesforce delivered growth in all five of its product categories. Salesforce also issued third-quarter guidance of $2.05 to $2.06 in adjusted earnings per share on $8.7 billion to $8.72 billion in revenue. That topped analyst expectations of $1.83 per share and $8.66 billion in revenue.
Chewy Inc stock fell 1.6% even after the company managed to deliver a profit when analysts had projected a loss.
The online pet supplies retailer reported earnings of $0.04 per share, compared to $0.05 per share a year earlier and Street expectations of a $0.05 loss. Revenue was $2.78 billion, up 14.3% year-over-year, however, active customers declined 0.6% to 20.4 million.
Victoria's Secret & Co. (NYSE:VSCO) stock dipped 3.2% following a challenging second quarter marked by a net loss, a substantial drop in operating income, and declining sales.
The company reported a net loss of $1 million for Q2 2023, a sharp contrast to the $70 million net income in Q2 2022. Total revenue came in at $1.43 billion for the quarter, a decline of 6.2% year-over-year, which was in line with analyst expectations. Operating income was $26 million, a staggering drop from the $98 million reported for the same quarter in 2022.
CrowdStrike Holdings, Inc shares rose 1.2% after the company reported second-quarter fiscal 2024 revenue that rose 37% to $731.6 million, surpassing the $724 million Zacks Consensus Estimate.
The cybersecurity technology company’s adjusted earnings per share (EPS) for the period, meanwhile, came in at $0.74, handily exceeding the $0.56 analyst consensus forecast.
Five Below (NASDAQ:FIVE) shares fell almost 8% in after-hours trading despite the specialty retailer targeting tweens and teens reporting second-quarter results that were in line with estimates.
Sending its shares lower was an update to its earnings guidance to reflect an anticipated increase in shrink reserve, but its sales outlook remains unchanged.