In after-hours trading, several companies made headlines as their shares reacted to earnings reports and projections.
Nvidia experienced a positive boost, with shares rising more than 1%. The company reported stellar earnings for its fiscal fourth quarter, posting adjusted earnings of $1.62 per share, surpassing analyst expectations of $1.53 per share. Its revenue reached $68.13 billion, exceeding the anticipated $66.21 billion, thanks to substantial growth in its core data center business.
On the other hand, shares of Snowflake, a software company, dipped over 2%. Despite announcing that its first-quarter product revenue would fall between $1.262 billion and $1.267 billion—slightly above the FactSet consensus estimate of $1.26 billion—the market response indicated a cautious sentiment.
Trade Desk’s performance was notably disappointing, with shares plummeting approximately 16%. The advertising technology firm projected first-quarter adjusted EBITDA to be around $195 million, significantly under the $223 million expected by analysts. Additionally, Trade Desk missed its first-quarter revenue forecasts, although its fourth-quarter results had exceeded expectations.
Synopsys, specializing in electronic design automation, saw its shares decline nearly 2% after the company provided revenue guidance for the full year that did not meet Wall Street’s expectations. Synopsys anticipates revenue between $9.56 billion and $9.66 billion, below the consensus estimate of $9.63 billion.
Salesforce also faced a decline, with shares falling about 5%. The company issued fiscal 2027 revenue guidance of $45.8 billion to $46.2 billion, while the FactSet consensus called for $46.11 billion. Even though fourth-quarter results surpassed expectations on both the top and bottom lines, the guidance seemed to disappoint investors.
In contrast, Nutanix saw a remarkable surge of 17% in its shares. This increase followed the announcement of a significant multiyear partnership with AMD to jointly develop an artificial intelligence infrastructure platform. As part of this collaboration, AMD will invest $150 million in Nutanix common stock. Additionally, Nutanix reported fiscal second-quarter results that exceeded expectations.
IonQ, a company engaged in quantum computing, recorded a 6% increase in its share price after delivering optimistic sales forecasts. IonQ projects revenue between $48 million and $51 million for the first quarter, outpacing the analysts’ estimate of $36 million. Furthermore, the company expects full-year revenue to range from $225 million to $245 million, significantly above the consensus forecast of $191 million.
Lastly, C3.ai saw its stock drop 20% after falling short of expectations in its fiscal third-quarter results. The company reported a loss of 40 cents per share, worse than the anticipated loss of 29 cents. Its revenue of $53.3 million also came in considerably below the $76 million that analysts were expecting, leading to investor disappointment.
