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Stocks making the biggest moves after hours: NetApp, Williams-Sonoma, Box & more
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Try the firms making headlines after the bell:
NetApp — NetApp shares rose more than 10% in after-hours trading after the data-storage firm reported sudden earnings and gross sales progress. NetApp reported adjusted earnings of 73 cents a share, up from 65 cents a share a yr in the past. Analysts had anticipated revenue and gross sales to say no from final yr, with the common analyst estimating adjusted earnings of 41 cents a share, in line with Refinitiv surveys.
Box — Box shares popped 7% after the finish of the common session after the firm raised its gross sales and revenue forecast for its present fiscal yr because it seems to be to increase its clientele to bigger companies which are in search of cloud-based storage throughout the coronavirus pandemic. It additionally reported adjusted per-share earnings of 18 cents for the second quarter, forward of a consensus estimate of 12 cents generated by Refinitiv.
Splunk — Splunk’s inventory fell 2% in after-hours trading after it the firm’s second-quarter revenues fell in need of Wall Avenue’s expectations. Gross sales of $492 million upset analysts and buyers, who’d anticipated Splunk to report revenues of $522 million. An adjusted per-share lack of 33 cents met expectations.
Williams-Sonoma — Regardless of better-than-expected gross sales and revenue figures, shares of the residence items and culinary retailer dropped 6.6% in after-hours trading. Williams-Sonoma reported adjusted second-quarter earnings of $1.80 per share on revenues of $1.49 billion. Analysts polled by Refinitiv had anticipated EPS of $1.01 on revenues of $1.47 billion.