Stocks making the biggest moves after hours: MongoDB, Okta, PVH and more
Check out the companies making headlines in after-hours trading: MongoDB — Shares of the developer data platform company popped more than 21% after MongoDB topped Wall Street’s expectations. The company reported adjusted earnings of $1 per share on revenue of $591 million, beating earnings estimates of 66 cents per share on revenue of $556 million, per LSEG. PVH — The apparel company saw its shares jump 5%. PVH reported fiscal second-quarter adjusted earnings of $2.52 per share on revenue of $2.17 billion, while analysts surveyed by LSEG expected earnings of $2.01 per share on $2.12 billion in revenue for the period. Okta — Shares of Okta rose more than 4% after its quarterly results and full-year forecast came out higher than consensus expectations. The identity software maker posted adjusted earnings per share of 91 cents, while analysts polled by LSEG called for 84 cents. Revenue of $728 million beat the expected $712 million. Todd McKinnon, Okta’s co-founder and CEO, told CNBC on Tuesday that the results were “much better than we thought.” UnitedHealth — Shares of the health insurer were slightly lower in extended trading after Bloomberg reported the Department of Justice is looking at the company’s prescription management services, citing people familiar with the matter. This is separate from an investigation into its Medicare billing that the company revealed in July. nCino — The cloud solutions provider beat expectations, leading shares to jump nearly 8% in after-hours trading. NCino reported earnings of 22 cents per share, excluding items, while analysts polled by LSEG called for 14 cents per share. Revenue of $149 million came out $6 million higher than analysts’ consensus expectations. Kohl’s — The department store’s stock rose slightly in extended trading, after ending the trading session down 6.5%. Bloomberg reported the company has asked vendors for more time to settle invoices as it works to revive its slumping sales. While such a move is not unusual for a retailer, the wire service said it comes at a difficult time for the industry. Kohl’s is set to report earnings before Wednesday’s market open. Box — Box shares added about 4% on the back of the content management provider’s strong quarterly results. Box earned 33 cents per share, excluding items, on revenue of $294 million, while analysts polled by LSEG had expected a profit of 31 cents per share on revenue of $291 million. Box also lifted its full-year revenue estimates. The company’s chief executive said Box saw strong momentum in its artificial intelligence business. — CNBC’s Christina Cheddar-Berk contributed reporting.
