Time: 2024-05-23
After hours, various stocks made significant moves in the market, including Nvidia, Snowflake, VF Corp., and more. Nvidia, the chipmaker, surged by approximately 4% following the announcement of a 10-for-1 stock split. The company also exceeded Wall Street's fiscal first-quarter expectations and provided a robust outlook for the current quarter. It is predicted that Nvidia's stock will continue to rise due to its solid financial performance and positive guidance. Snowflake, the cloud-computing company, experienced a more than 5% increase after reporting first-quarter revenue that surpassed expectations. However, adjusted earnings fell short of consensus estimates, indicating potential volatility in the company's stock in the near future. VF Corp., an apparel and footwear company, faced a 9% decline after posting an unexpected loss for the recent quarter. The company's weaker financial results may lead to further stock price deterioration. E.l.f. Beauty, the cosmetics company, saw a 2% decrease due to disappointing full-year guidance. It is essential to closely monitor the company's performance to assess future stock movements. Synopsys, the electronic design automation stock, slipped over 1% after missing Wall Street's estimates in the fiscal second quarter. This underperformance may impact investor confidence and result in a downward trend in the stock price. LiveRamp Holdings, an advertising technology stock, surged nearly 12% on strong fourth-quarter results and optimistic guidance. The company's positive momentum is likely to continue, making it a potential stock to watch. News Corp., the owner of Dow Jones and The Wall Street Journal, climbed 4% after reaching a partnership agreement with OpenAI. This collaboration could positively impact the company's stock performance in the future. Cytokinetics, a biopharmaceutical company, experienced a 12% decline after announcing a common stock offering. Investor reaction to this news may cause further fluctuations in the stock price. DuPont de Nemours, with a 5% increase, revealed plans to divide into three separate businesses, potentially leading to additional value creation for investors. The company's restructuring efforts could result in a positive stock performance in the long term.
Business
