Let’s check out the companies that are becoming a hot topic for after-hours trading. Pure Storage — The data management and storage company’s stock plunged nearly 9% after Pure Storage reported third-quarter adjusted earnings of 58 cents per share, in line with consensus estimates, according to LSEG. The company’s sales for the period rose 16% from a year earlier to $964.5 million, beating the $956 million expected by analysts surveyed by LSEG. CrowdStrike Holdings — The cybersecurity provider fell less than 1% after reporting third-quarter earnings and revenue compiled by LSEG and announcing full-year earnings guidance that beat analysts’ expectations. CrowdStrike is up 25% in the past three months. Okta — The identity management provider’s stock fell more than 4% after Okta CEO Todd McKinnon said profits from AI agents were “not fully factored into” its results. Still, Okta beat expectations for the third quarter and offered a positive outlook. The company earned 82 cents per share on an adjusted basis on revenue of $742 million. Analysts polled by LSEG had expected earnings of 76 cents a share and revenue of $730 million. GitLab — The software development tools company’s stock fell nearly 8% despite better-than-expected third-quarter results. GitLab also named Jessica Ross as chief financial officer. The company now expects full-year adjusted earnings of 95 cents to 96 cents per share, up from its previous forecast of 82 cents to 83 cents per share. This year’s revenue should be in the range of $946 million to $947 million, compared to $936 million to $942 million previously. Marvell Technology — Shares of the integrated circuit maker rose more than 15%. The company had adjusted earnings per share of 76 cents in the third quarter, beating analysts’ consensus estimate of 73 cents, and revenue of $2.08 billion beat expectations of $2.07 billion, according to Wall Street’s LSEG survey. Marvell was up 44% in the past three months prior to the earnings release. American Eagle Outfitters — The apparel retailer’s stock rose nearly 10% after announcing a strong start to the holiday shopping season. American Eagle raised its fourth-quarter same-store sales forecast to a range of 8% to 9%. Previously, growth was expected to be in the low single digits. The company’s third quarter results also exceeded expectations. Asana — Shares rose about 4% in after-hours trading after the enterprise business management software platform beat Wall Street’s third-quarter estimates on revenue and bottom line. The company also raised its profit and sales forecasts for the fourth quarter. Box — The content management company saw its stock price drop about 5% in after-hours trading. Box’s third-quarter earnings were an adjusted 31 cents per share, compared with analysts’ estimates compiled by FactSet of 32 cents per share. Box sales for the period were slightly above consensus expectations. —CNBC’s Scott Schnipper and Christina Cheddar Berk contributed reporting.
