New York, NY – Shares of various companies experienced significant movement after the closing bell today, with Snowflake, VF Corp, and LiveRamp Holdings all making notable gains or losses.
Snowflake, a cloud-computing company, saw its stock rise over 4% following better-than-expected fiscal first-quarter revenue of $829 million, beating consensus estimates. On the other hand, VF Corp, an apparel and footwear company, faced a nearly 12% decline after reporting an unexpected loss for the recent quarter and revenue below Wall Street’s projections. LiveRamp Holdings, an advertising technology stock, surged by almost 17% on strong fourth-quarter results that exceeded analyst expectations, along with positive guidance for the current quarter and full year.
In a separate development, Live Nation Entertainment witnessed a 6% slide in extended trading due to a report from Bloomberg News that the Department of Justice intends to sue the company for antitrust violations, potentially leading to a breakup of the company, which merged with Ticketmaster in 2010.
Meanwhile, Nvidia shares soared by more than 6% to surpass the $1,000 mark in overnight trading after the chipmaker reported adjusted earnings of $6.12 per share, beating estimates. Nvidia’s revenue of $26.04 billion also exceeded expectations, with the company providing strong sales guidance for the upcoming quarter.
These market movements reflect a mix of positive and negative news for various companies, impacting investor sentiment and driving trading activity into the after-hours session. Market participants will be closely monitoring further developments to gauge the potential implications on these companies’ stock prices in the coming days.