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After-hours movers: NVIDIA explodes higher on massive guidance hike, Snowflake falls on disappointing results

Published May 24, 2023 17:32
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After-Hours Stock Movers:

NVIDIA (NASDAQ:NVDA) 22% HIGHER; reported Q1 EPS of $1.09, $0.17 better than the analyst estimate of $0.92. Revenue for the quarter came in at $7.19 billion versus the consensus estimate of $6.52B. NVIDIA sees Q2 2024 revenue of $11B, versus the consensus of $7.15B.

American Eagle Outfitters (NYSE:AEO) 16% LOWER; reported Q1 EPS of $0.17, in-line with the analyst estimate of $0.17. Revenue for the quarter came in at $1.1B versus the consensus estimate of $1.07B. For the second quarter, management’s outlook reflects revenue down low-single digits to last year with operating income in the range of $25 to $35 million. This assumes gross margin recovery year-over-year as the company cycles pressure from end of season sell-offs and elevated freight costs. SG&A is expected to increase in the low-to-mid-single digits. Depreciation is expected to be similar to the first quarter.

For the year, management expects revenue in the range of flat to down low-single digits to last year with operating income in the range of $250 to $270M.

Nutanix (NASDAQ:NTNX) 15% HIGHER; reported Q3 EPS of $0.04, $0.01 better than the analyst estimate of $0.03. Revenue for the quarter came in at $448.58M versus the consensus estimate of $433.12M. Nutanix sees Q4 2023 revenue of $470-480M, versus the consensus of $452.24M. Nutanix sees FY2023 revenue of $1.84-1.85B, versus the consensus of $1.8B.

Snowflake Inc (NYSE:SNOW11% LOWER; reported Q1 EPS of $0.15, $0.09 better than the analyst estimate of $0.06. Revenue for the quarter came in at $623.6M versus the consensus estimate of $611.13M.

e.l.f. Beauty, Inc. (NYSE:ELF) 10% HIGHER; reported Q4 EPS of $0.42, $0.22 better than the analyst estimate of $0.20. Revenue for the quarter came in at $187.4M versus the consensus estimate of $156.14M. e.l.f. Beauty, Inc. sees FY2024 EPS of $1.73-$1.76, versus the consensus of $1.64. e.l.f. Beauty, Inc. sees FY2024 revenue of $705-720M, versus the consensus of $637.7M.

Splunk (NASDAQ:SPLK) 9% HIGHER; reported Q1 EPS of $0.18, $0.32 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $752M versus the consensus estimate of $722.99M. Splunk sees Q2 2024 revenue of $880-895M, versus the consensus of $868M.

C3 AI (NYSE:AI) 9% HIGHER; gains amid NVIDIA's strong guidance

Advanced Micro Devices Inc (NASDAQ:AMD7% HIGHER; gains amid NVIDIA's strong guidance.

Evgo Inc (NASDAQ:EVGO3% HIGHER; Director, David Nanus, bought $25M in stock.

After-hours movers: NVIDIA explodes higher on massive guidance hike, Snowflake falls on disappointing results
 

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