Stocks with the largest after-hours changes: MongoDB, Okta, PVH, and others

After-Hours Trading Highlights

Several companies have made notable moves in after-hours trading recently:

Mongodb – The data platform company surpassed Wall Street expectations, with its stock increasing by over 21%. Mongodb reported adjusted earnings of one dollar per share and a revenue of $591 million. This was better than the anticipated 66 cents per share with revenue forecasts of $556 million.

PVH – The apparel company saw a 5% rise in its stock. PVH’s recent quarter revealed earnings of $2.52 per share and a total revenue of $2.17 billion, while analysts had predicted a profit of $2.01 per share against $2.12 billion in revenue.

OKTA – Shares of the identity software firm rose by more than 4% after reporting quarterly results and optimistic forecasts that exceeded expectations. OKTA’s adjusted earnings per share came in at 91 cents, outperforming the anticipated 84 cents. Its revenue reached $728 million, surpassing the expected $712 million. CEO Todd McKinnon mentioned that the results were “a lot better than we thought.”

UnitedHealth – The health insurance company’s stock dipped slightly post-reporting. Bloomberg noted that the Department of Justice is reviewing the company’s prescription management services, based on insider information. This development is separate from a Medicare claims investigation disclosed in July.

NCINO – The cloud solutions provider saw its stock rise nearly 8%. NCINO reported earnings of 22 cents per share, exceeding analyst expectations of 14 cents. Additionally, its revenue of $149 million was $6 million above what analysts predicted.

Kohl’s – After a decline of 6.5% during the trading session, Kohl’s stock edged up slightly in after-hours trading. Reports suggest the company is asking vendors to take more time resolving their invoices, a move that, while not unusual for retailers, raises concerns about the overall industry outlook. Kohl’s is set to release its revenue figures before the market opens on Wednesday.

Box – Shares in the content management provider increased by about 4% following strong quarterly results. Box reported earnings of 33 cents per share and revenue of $294 million, surpassing analyst expectations of 31 cents per share and $291 million in revenue. The company has also upgraded its full-year revenue outlook, with its CEO noted strong growth in the artificial intelligence sector.

These earnings reports and stock movements indicate a diverse landscape among companies navigating current market conditions.