Stocks making the biggest moves after hours: Salesforce, Snowflake, Okta, Duolingo and more

Salesforce signage is seen at its headquarters in San Francisco on Feb. 28, 2024.
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Salesforce’s shares dipped by 4% following lower-than-expected fiscal year guidance. Despite exceeding expectations for Q4, the soft guidance sent the shares lower. Salesforce also unveiled a $10 billion increase in buyback and initiated a 40 cents per share dividend.

Snowflake’s shares tumbled by a staggering 20% as the software company declared the retirement of CEO Frank Slootman simultaneously with quarterly results that exceeded estimates, but gave weaker Q1 product revenue guidance.

The language learning platform Duolingo saw its shares surge 19% after sailing past quarterly estimates and reporting robust average monthly users and bookings data. They also projected strong Q1 and full year revenue guidance.

Okta’s stock rallied 20% due to better than anticipated quarterly results and Q1 guidance. The company beat earnings forecasts by 12 cents and released a revenue expectation for the current period between $603 million and $605 million, surpassing the analysts’ anticipation of $583.8 million., an AI firm, saw its shares jump by 13% after reporting a lesser than expected adjusted loss and exceeding revenue estimates for the recent quarter.

Paramount Global’s shares marked an increase of 1% after mixed quarterly results. The firm reported surprising adjusted earnings, beating expectations but missing the revenue estimates.

Data storage stock, Pure Storage, rose 6.6% after topping quarterly estimates with earnings of 50 cents per share on $790 million in revenue. Their Q1 revenue guidance also exceeded estimates.

Shares of Nutanix increased by 1% as the cloud company beat analyst forecasts for Q2 earnings and revenue.

HP Inc. recorded a drop of almost 4% in shares after Q1 earnings report. The company’s revenue fell short of analyst expectations of $13.56 billion.

AMC Entertainment’s shares fell by 8% as the company posted a wider-than-expected loss for Q4, while the healthcare apparel firm, Figs, saw its stocks sink 13% on mixed Q4 results.

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Stocks making the biggest moves after hours: Salesforce, Snowflake, Okta, Duolingo and more

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