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Shoppers walk through a mall along the Magnificent Mile in Chicago, March 1[ads1]5, 2023.

Scott Olson | Getty Images

Check out the companies making headlines by the hour.

Nordstrom — Shares of the high-end department store jumped 9% in extended trading after first-quarter sales beat Wall Street expectations. The strong results came even as the retailer reported a drop in consumption and predicted lower sales in the coming months. Nordstrom also reiterated its outlook for the full year.

Salesforce — The software giant saw its stock drop nearly 4%. The company said capital spending in the latest quarter totaled $243 million, up about 36% and above the $205 million consensus among analysts polled by StreetAccount. Aside from these developments, Salesforce posted quarterly results that beat estimates across the board and boosted its full-year results.

CrowdStrike — The cybersecurity firm’s shares fell nearly 12% in after-hours trading after the company reported slowing revenue growth. CrowdStrike reported quarterly revenue of $692.6 million, marking a 42% year-over-year increase, which is slower than the 61% growth it reported in the year-ago quarter.

Okta — Shares in the software company fell 13% in after-hours trading despite a stronger-than-expected quarterly report. It appeared that management’s warning of mounting “macroeconomic pressures” may have been the driver that sent shares down. Okta also lifted guidance for fiscal year 2024.

C3.ai — The artificial intelligence technology company saw its shares fall 18% even after beating expectations on its top and bottom lines for the fourth quarter, according to Refinitiv. C3.ai expects to see first-quarter revenue of between $70 million and $72.5 million, which is less rosy than Wall Street had expected. The stock has shot up more than 250% this year amid Wall Street’s enthusiasm for AI.

Tough — The pet retailer’s shares jumped about 12%. Chewy posted earnings of 5 cents per share, defying analysts’ forecasts for a loss of 4 cents per share, according to Refinitiv. Revenue came in above expectations at $2.78 billion, versus $2.73 billion expected by Wall Street.

Pure Storage — Shares rose 7% after the data storage company beat analysts’ expectations last quarter. Pure Storage had adjusted earnings of 8 cents per share on $589 million in revenue. Analysts were calling for earnings of 4 cents a share on $559 million in revenue, according to Refinitiv.

CNBC’s Darla Mercado contributed to this report.



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