Shares move a lot after working hours: PANW, URBN, INTU, TOL
Construction workers build a Toll Brothers home in Boca Raton, Florida.
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Check out the companies making headlines in expanded trading.
Palo Alto Networks — Shares rose 3.5% after the company’s third-quarter earnings and revenue topped estimates. The cybersecurity company posted adjusted earnings of $1.10 per share and revenue of $1.72 billion. Analysts polled by Refinitiv had estimated earnings of 93 cents per share and $1.71 billion in revenue. The company’s earnings guidance for the fourth quarter also exceeded expectations.
Urban Outfitters — The clothing retailer’s shares rose 6%. Urban Outfitters’ earnings of 56 cents per share in the first quarter. Analysts had expected 35 cents in earnings per share, according to Refinitiv. Revenue also beat expectations, with the company reporting $1.11 billion versus consensus estimates of $1.09 billion.
Agilent Technologies — Shares of the laboratory technology company fell more than 6%. Agilent posted earnings and revenue in the second quarter, according to Refinitiv. Guidance for earnings and revenues in the financial year’s third quarter was lower than expected.
Intuit — The tax software company’s shares fell more than 5%. While Intuit’s fiscal third-quarter results beat estimates, revenue fell short of expectations, according to Refinitiv. The company’s profit outlook for the current quarter was also lower than analysts had estimated.
Toll Brothers — Shares rose more than 3% after the company’s second-quarter earnings and revenue beat analysts’ estimates. The company said the increase in demand that started in January has continued into the start of the third quarter.
VF Corp — The clothing company’s shares jumped 2% in extended trading. VF, whose brands include Smartwool and The North Face, posted adjusted earnings of 17 cents per share on revenue of $2.74 billion during the fourth quarter. Analysts were calling for earnings of 14 cents per share on revenue of $2.73 billion, according to Refinitiv.