After-hours movers track earnings beats, misses across U.S. stocks

Traders Union
All News
Business & Wealth
Companies
After-hours earnings movers

Highlights

Western Digital falls 6% after-hours despite beating estimates with adjusted earnings of $4.64 per share and $4.38 billion in revenue, impacted by broad AI trade selling.
Deckers Outdoor drops 8% as fiscal Q2 revenue misses at $1.48 billion versus $1.51 billion expected, with full-year revenue guidance below consensus at $5.7–$5.73 billion.
RingCentral surges 14% after Q3 total revenue rises 5.9% year-over-year to $676 million and adjusted earnings beat at $1.33 per share, exceeding analyst expectations.

Quarterly results drive late trading

As reported by CNBC, Western Digital shares fall 6% in after-hours trading even after the data storage company posts fiscal first-quarter results above estimates, as broader selling in the artificial intelligence trade weighs on the stock during the regular session. Adjusted earnings reach $4.64 per share, above the LSEG consensus of $4.09, while revenue of $4.38 billion tops expectations for $4.14 billion.

VeriSign drops almost 5% after third-quarter earnings miss estimates. The domain registry services provider earns $2.35 per share, below the FactSet consensus estimate of $2.46.

Bloom Energy falls 5% despite reporting third-quarter figures that beat analyst expectations. Adjusted earnings of 94 cents per share and revenue of $1.24 billion come in above the LSEG consensus for 68 cents per share and $1.06 billion, while full-year revenue and adjusted earnings guidance also exceed estimates.

Omnicom gains almost 2% after posting stronger-than-expected third-quarter earnings. The marketing and sales company reports adjusted earnings of $2.73 per share on revenue of $6.42 billion, ahead of FactSet expectations for $2.67 per share and $6.21 billion in revenue.

RingCentral advances 14% after its third-quarter report beats expectations. Total revenue rises about 5.9% from a year earlier to $676 million, above the $667.3 million expected by analysts surveyed by FactSet, while adjusted earnings of $1.33 per share exceed the expected $1.28 per share.

Guidance, management changes and segment weakness shape reaction

Comfort Systems slides 7% after saying finance chief Bill George will retire after the company files its annual report for the year ending Dec. 31. The heating and ventilation services company also reports third-quarter results that beat estimates, but the leadership transition appears to weigh on the shares.

Deckers Outdoor drops about 8% after fiscal second-quarter revenue misses analyst expectations and its full-year outlook trails consensus. Revenue for the period totals $1.48 billion, below the $1.51 billion expected by analysts polled by LSEG.

Sales at both Hoka and UGG also come in below StreetAccount estimates. The company says it expects full-year revenue between $5.7 billion and $5.73 billion, short of the consensus estimate of $5.88 billion, underscoring how outlook revisions and brand-level performance continue to influence after-hours trading.

In our earlier article on the AI-linked tech selloff, we covered how hotter-than-expected inflation data revived fears of additional Fed rate hikes and pushed investors to reassess the cost of financing heavy AI spending. We also noted that the pullback hit major AI and chip-related names, with concerns that higher rates could constrain funding for large-scale AI infrastructure and deepen volatility in the sector.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.