After-hours stock movers: ChargePoint, Snowflake, Box and others
Check out the companies making headlines in after-hours trading:
Snowflake's revenue growth slowed down during the fourth quarter, resulting in a 25% drop in extended trading. Despite analysts predicting $372.6 million in revenue, the company reported only $383.8 million.
During extended trading, the retailer's shares dropped 7% after American Eagle's quarter met expectations. The company reported earnings of 35 cents per share, excluding items, on $1.51 billion in revenue.
Box's shares increased by 6% following the company's successful beating of both top- and bottom-line estimates during the fourth quarter. The company reported earnings of 24 cents per share, excluding items, on $233 million in revenue. Analysts surveyed by Refinitiv had predicted the company to earn 23 cents on $229 million in revenue.
Pure Storage's fourth-quarter earnings led to a 11% increase in shares, with the company earning 36 cents per share on $708.6 million in revenue. Analysts predicted the company would earn 26 cents per share on $630.9 million in revenue.
Pure Storage's fourth-quarter results have been reflected in this updated story.
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