After-hours stock movers: NetApp, Workday, Leslie's, Las Vegas Sands and others
Check out the companies making headlines in extended trading.
Workday's stock increased by more than 6% after its third-quarter results exceeded Wall Street estimates. The company reported adjusted earnings of $1.53 per share on $1.87 billion in revenue, while analysts surveyed by LSEG expected $1.41 in earnings per share and $1.85 billion in revenue.
Nearly 10% growth was achieved by the data infrastructure firm after reporting adjusted earnings of $1.58 per share on $1.56 billion in revenue in the fiscal second quarter, despite analysts forecasting earnings of $1.39 per share and $1.53 billion in revenue. Additionally, NetApp issued higher-than-expected third-quarter earnings guidance.
The swimming supplies company's stock dropped over 16% after the company announced a wider-than-expected loss for the first quarter. Leslie's forecast an adjusted loss of 21 cents to 20 cents per share, which is higher than analysts' expectations of a loss of 16 cents per share. Additionally, the company's fourth-quarter adjusted earnings were also below expectations.
The manufacturing solutions company's shares dropped over 8% following the release of a lower revenue forecast for the first quarter of 2024. The new revenue range is now between $8.3 billion and $8.4 billion, down from the previous range of $8.4 billion to $9 billion.
After announcing that Miriam Adelson would sell $2 billion in shares, the casino operator's stock price dropped by 3.5%. Adelson, the largest shareholder of Las Vegas Sands, will use the funds to purchase a professional sports team, as stated in a regulatory filing.
The Daily Journal's shares are predicted to be active. Charlie Munger, the newspaper's chair and publisher and Berkshire Hathaway's second-in-command, passed away on Tuesday at the age of 99. The stock price of the newspaper decreased by 4.5% during the regular trading session.
— CNBC’s Contessa Brewer and Darla Mercado contributed reporting.
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