Snowflake, Nvidia, AMC & extra
A banner for Snowflake will be displayed on its IPO day on the New York Stock Exchange on September 16, 2020. It was the largest software IPO in history and one of eight CNBC 2020 Disruptor 50 companies to go public. More disruptor deals are coming soon.
Brendan McDermid | Reuters
Check out the companies that are making headlines after the bell:
Snowflake – The data analytics software company’s stocks fell more than 5% in expanded trading after the company reported growing losses. Snowflake’s net loss increased to $ 203.2 million in the first quarter of fiscal year from $ 93.6 million a year ago. Revenues were $ 228.9 million versus expectations of $ 212.9 million, according to Refinitiv.
Nvidia – The chip giant saw its share price decline slightly even after a quarterly blowout report. Both Nvidia’s earnings and sales in the first quarter exceeded Wall Street’s expectations. Sales increased by 88% compared to the previous year. The stock gained 20% this year.
AMC Entertainment – The cinema chain’s shares rose another 2% in expanded trading after rallying nearly 20% on Wednesday. Reddit’s favorite stock rose more than 60% this week alone as speculative trading behavior picked up again. The hourly move followed an upgrade from CFRA to keep from selling.
Williams-Sonoma – The home furnishings retailer’s shares rose 3% in expanded trading after the company posted better-than-expected earnings and sales in the first quarter. Williams-Sonoma reported earnings of $ 2.93 per share, well above an estimate of $ 1.83 per share, according to Refinitiv.
Business Day – Software stock declined slightly, despite the company exceeding expectations for quarterly earnings and revenue. The result for the first quarter was 87 cents per share, compared to the 73 cents that analysts had expected according to Refinitiv.