Nvidia Headquarters in Santa Clara, California on Tuesday, February 23, 2021.
David Paul Morris | Bloomberg | Getty Images
Here are the actions that make remarkable movements after the bell.
Nvidia: Chip stock fell more than 6% after Nvidia’s second-quarter guide showed lighter-than-expected revenue. The company said in a press release that sanctions on Russia and blockades on China would mean a $ 500 million hit for the quarter. Nvidia exceeded expectations on the top and bottom lines for the first quarter.
Twitter: Twitter shares rose more than 7% after Elon Musk increased his financial commitment to a takeover bid. The shares are still trading well below Musk’s bid price of $ 54.20 per share.
Snowflake: Software stock fell 13% despite first-quarter revenue growth. Snowflake’s forecast for the adjusted operating margin was lighter than expected.
Williams-Sonoma: Retail shares rose 17% after Williams-Sonoma exceeded expectations for the first quarter. The company reported $ 3.50 in adjusted earnings per share with revenue of $ 1.890 billion. Analysts polled by Refinitiv predicted earnings per share of $ 2.90 with revenue of $ 1.81 billion. Comparable sales grew faster than expected at Pottery Barn and West Elm.
Nutanix: The shares of the technology company plunged 28% after the company’s fourth-quarter fiscal guidance called for an unexpected drop in revenue from the third quarter. The company cited supply chain problems and staffing as challenges.