Stocks making the biggest moves after hours: Salesforce, Nutanix and more
Check out the companies making headlines after the bell:
Nutanix shares rose more than 9 percent during after-hours trading Tuesday after beating expectations on its top and bottom lines. The company posted a narrower-than-expected loss of 13 cents a share, vs. estimates of a 27 cent loss. It also reported $313 million in revenue, beating expectations of $305 million.
Nutanix’s second-quarter revenue guidance was in line with expectations. The software company expects its revenue to be between $325 million and $335 million, while analysts predicted $327 million.
Salesforce.com shares jumped nearly 8 percent during after-hours trading as the company beat expectations in its third-quarter earnings. The company earned 61 cents per share, while analysts expected 50 cents per share. Its revenue came in at $3.39 billion, versus estimates of $3.37 billion.
Workday shares rose 3 percent in the extended session. JMP Securities maintained its outperform rating and $175 price target before the company releases its third-quarter earnings Wednesday. Shares are up 36 percent year to date but are down 8 percent in the past three months. JMP Securities said it expects full-year guidance to be $1.12 a share and year-over-year revenue growth to be 29 percent.
Correction: A previous version of this story misstated Nutanix’s second-quarter revenue guidance. The company reported guidance that was in line with expectations.