After the bell, several companies made headlines in the stock market. Nvidia saw a 4% increase after announcing a 10-for-1 stock split and beating Wall Street estimates for the first fiscal quarter. Snowflake also rose over 5% as its fiscal first-quarter revenue exceeded Street expectations. However, VF Corp. experienced a 9% decline due to an unexpected loss in the latest quarter, while Elf Beauty fell 2% after providing weaker full-year guidance than expected.
Electronic design automation stocks, such as Synopsys, fell over 1% after missing Wall Street estimates in the fiscal second quarter. On the other hand, LiveRamp Holdings saw a nearly 12% increase in its fiscal fourth-quarter results, surpassing analyst estimates and issuing strong guidance for the current quarter and full year.
News Corporation rose 4% after signing a multi-year deal to make its news content available on OpenAI. Cytokinetics, a biopharmaceutical company, experienced a 12% decrease following the announcement of a $500 million common stock offering. DuPont de Nemours, on the other hand, saw a 5% increase after announcing plans to split into three separate businesses, with CEO Ed Breen set to resign on June 1 and be replaced by CFO Lori Koch.
Overall, the stock market saw a mix of gains and losses after the bell, with companies like Nvidia and Snowflake performing well, while others like VF Corp. and Elf Beauty faced challenges. Investors will be keeping a close eye on how these companies navigate the current economic landscape and adapt to changes in consumer behavior.
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https://www.cnbc.com/2024/05/22/stocks-making-the-biggest-moves-after-hours-nvda-snow-vfc.html