Stock Market

In this article

Nvidia headquarters in Santa Clara, California, on Tuesday, Feb. 23, 2021.
David Paul Morris | Bloomberg | Getty Images

Here are the stocks making notable moves after the bell.

Nvidia — The chip stock dropped more than 6% after Nvidia’s guidance for the second quarter showed lighter-than-expected revenue. The company said in a press release that sanctions on Russia and lockdowns in China would amount to a $500 million hit for the quarter. Nvidia did beat expectations on the top and bottom lines for the first quarter.

Twitter — Shares of Twitter rose more than 7% after Elon Musk increased his financial commitment for a takeover bid. The stock is still trading well below Musk’s offer price of $54.20 per share.

Snowflake — The software stock slid 13% despite posting a first-quarter beat for revenue. Snowflake’s forecast for adjusted operating margin was lighter than expected.

Williams-Sonoma — Shares of the retailer surged 17% after Williams-Sonoma topped expectations for the first quarter. The company reported $3.50 in adjusted earnings per share on $1.89 billion in revenue. Analysts surveyed by Refinitiv were anticipating $2.90 in earnings per share on $1.81 billion of revenue. Comparable sales rose faster than expected at Pottery Barn and West Elm.

Nutanix — Shares of the tech company sank 28% after the company’s fiscal fourth-quarter guidance called for an unexpected decline in revenue relative to the third quarter. The company cited supply chain and staffing issues as challenges.

Articles You May Like

Hedge funds performed better under Democratic presidents than Republican ones, history shows
Gary Gensler says he was ‘proud to serve’ as SEC chair, defends his approach to crypto regulation
Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows
Young adults are holding off on moving out of their parents’ house — here’s what’s behind the trend
Top Wall Street analysts are upbeat on these stocks for the long haul