Nvidia headquarters in Santa Clara, California, on Tuesday, Feb. 23, 2021.
David Paul Morris | Bloomberg | Getty Photos
Listed here are the shares making notable strikes after the bell.
Nvidia — The chip inventory dropped greater than 6% after Nvidia’s steering for the second quarter confirmed lighter-than-expected income. The corporate mentioned in a press launch that sanctions on Russia and lockdowns in China would quantity to a $500 million hit for the quarter. Nvidia did beat expectations on the highest and backside strains for the primary quarter.
Twitter — Shares of Twitter rose greater than 7% after Elon Musk elevated his monetary dedication for a takeover bid. The inventory continues to be buying and selling properly under Musk’s provide worth of $54.20 per share.
Snowflake — The software program inventory slid 13% regardless of posting a first-quarter beat for income. Snowflake’s forecast for adjusted working margin was lighter than anticipated.
Williams-Sonoma — Shares of the retailer surged 17% after Williams-Sonoma topped expectations for the primary quarter. The corporate reported $3.50 in adjusted earnings per share on $1.89 billion in income. Analysts surveyed by Refinitiv had been anticipating $2.90 in earnings per share on $1.81 billion of income. Comparable gross sales rose quicker than anticipated at Pottery Barn and West Elm.
Nutanix — Shares of the tech firm sank 28% after the corporate’s fiscal fourth-quarter steering referred to as for an sudden decline in income relative to the third quarter. The corporate cited provide chain and staffing points as challenges.
