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

Munis outperform UST losses, sit back after large selloff
Should You Buy Put Options – Options Trading Tips!
Warren Buffett’s Berkshire Hathaway scoops up Occidental and other stocks during sell-off
San Francisco loses second triple-A rating
UK economy unexpectedly failed to grow in third quarter