After-Hours Stock Movements
Here’s a look at some notable stocks making waves in after-hours trading.
Qualcomm: The chipmaker saw its stock drop over 8%, largely due to global memory shortages not meeting the company’s expectations. Qualcomm now anticipates adjusted earnings for the fiscal second quarter to be between $2.45 and $2.65 per share, with revenue expected to fall between $10.2 billion and $11.0 billion. In contrast, analysts had forecast sales of $11.11 billion and earnings of $2.89 per share.
Alphabet: The parent company of Google managed a slight uptick of around 1%. It surpassed estimates for both profit and revenue in the fourth quarter. Important metrics like Google Cloud’s revenue and traffic acquisition costs also exceeded expectations. However, YouTube advertising for the quarter was $11.38 billion, falling short of the $11.84 billion analysts had anticipated. Looking ahead, the company is bracing for a significant increase in artificial intelligence spending come 2026.
Boot Barn: This American retailer specializing in Western attire gained about 5% after it improved its full-year profit outlook to a range of $7.25 to $7.35 per share, increasing from a prior estimate of $6.75 to $7.15. The FactSet consensus stands at $7.31 per share. The third-quarter earnings were reported at $2.79 per share on revenue of $705.6 million, aligning with earlier guidance.
Align Technology: The Invisalign creator soared over 11% after presenting fourth-quarter results that surpassed projections. The company reported adjusted earnings per share of $3.29, outperforming the consensus estimate of $2.97, and sales reached $1.05 billion, beating expectations of $1.03 billion.
Wolfspeed: Conversely, the semiconductor manufacturer experienced a decline of roughly 9%. Wolfspeed posted an adjusted loss of $6.11 per share for its fiscal second quarter, a larger loss compared to 95 cents per share the previous year. The sales forecast for the current quarter is projected between $140 million to $160 million, down from $168 million last quarter due to “accelerated customer purchases in the first half of the year.”
Elf Beauty: Shares in the beauty company rose 1% after it raised its full-year outlook. Elf anticipates adjusted earnings of $3.05 to $3.10 a share, while analysts had estimated around $2.87. In a strong quarter, Elf reported adjusted earnings of $1.24 per share, exceeding the estimate of 72 cents, with revenues hitting $490 million against the consensus of $460 million.
Arm Holdings: The U.S. shares of this British semiconductor and software design firm dropped by 6.6%. Arm’s guidance for the fourth quarter only slightly exceeded Wall Street expectations, forecasting adjusted earnings around 58 cents a share, compared to the consensus of 57 cents. Their third-quarter adjusted earnings of 43 cents on revenue of $1.24 billion beat analyst projections of 41 cents and $1.22 billion.
Snap: The parent company of Snapchat witnessed a 5% rise after its fourth-quarter revenue surpass expectations. It reported earnings of 3 cents per share on revenues of $1.72 billion, while analysts had predicted revenues of around $1.7 billion. The global average revenue per user also exceeded estimates at $3.62, compared to the anticipated $3.56.
O’Reilly Automotive: The auto parts supplier’s stock fell nearly 5% following disappointing fourth-quarter results. The company earned 71 cents per share with revenues reaching $4.41 billion, underperforming against the FactSet average expectation of 73 cents per share. For fiscal 2026, they project earnings between $3.10 and $3.20 per share, while analysts had estimated $3.32.
Broadcom and Nvidia: Shares of these semiconductor companies surged in after-hours trading after Alphabet announced a capital spending plan of up to $185 billion for the year. This spending will focus on developing data centers for artificial intelligence. Broadcom rose about 5%, and Nvidia saw an increase of nearly 2%.
