Stocks making the biggest moves after hours: American Eagle Outfitters, Five Below, Synopsys and more
Check out the companies making headlines in after-hours trading. American Eagle Outfitters – Shares plunged 12% after the retailer reported weaker-than-expected revenue for the third quarter. For the period, American Eagle posted $1.29 billion in revenue, below the consensus estimate of $1.30 billion, according to LSEG. The retailer also offered a weak holiday outlook and slashed its full-year sales forecast. Five Below – The discount retailer advanced about 11% after posting third-quarter revenue of $844 million, well above the $799 million analysts polled by LSEG had expected. Adjusted earnings also topped the Street’s expectations. The company also guided for a fourth-quarter revenue range that encompassed the average consensus estimate. Synopsys – The stock fell more than 6% after the company’s fiscal first-quarter forecast came in lower than analysts were expecting. Synopsys expects earnings to come in between $2.77 and $2.82 per share, well below the $3.53 per share that analysts had penciled in, per LSEG. The company also guided for first-quarter revenues that were lower than consensus, forecasting between $1.435 billion and $1.465 billion in the quarter. Analysts surveyed by LSEG were looking for $1.631 billion. Verint Systems – Shares surged 18% after the company’s third-quarter results topped Wall Street’s expectations. Verint earned 54 cents per share, excluding items, on revenue of $224.2 million, excluding items. Analysts polled by LSEG were looking for 43 cents per share on revenue of $210 million. SentinelOne – The cybersecurity stock slid more than 11% after the company’s third-quarter earnings came in weaker than expected. Sentinel One’s adjusted breakeven earnings were slightly below the 1 cent per share profit analysts were expecting, per LSEG. Revenue, however, came in above expectations. The company posted $211 million in revenue for the period, above the $210 million analysts were looking for. AeroVironment – The manufacturer of uncrewed aircraft systems slumped 7% on weak full-year guidance. AeroVironment sees fiscal full-year revenue coming in between $790 million and $820 million, while analysts polled by LSEG anticipated $828 million. Expected full-year adjusted earnings also disappointed, ranging from $3.18 to $3.49 per share versus the Street’s call for $3.49 per share. ChargePoint – Shares soared about 14% after the electric vehicle charging company reported that it slashed its net loss compared to the year-ago period. ChargePoint’s net loss came in at $77.6 million in the fiscal third quarter , down 51% from a year earlier. Subscription revenue for the period came in at $36 million, reflecting 19% growth on a year-over-year basis. Sprinklr – Shares rose nearly 6% after the enterprise software company’s third-quarter results beat expectations. Sprinklr posted adjusted earnings of 10 cents per share on $200.7 million in revenue, while analysts surveyed by FactSet had estimated 8 cents per share on $196.4 million in revenue. — CNBC’s Darla Mercado, Lisa Kailai Han and Robert Hum contributed reporting.
