Check out the latest developments in the business world after the market closes. Here are the top companies making headlines after the bell:
1. Walt Disney – The entertainment giant saw a 1% increase in its share price after reinstating its dividend at 30 cents a share. This move comes amid activist investor Nelson Peltz and his firm’s proxy fight, calling for additional seats on Disney’s board.
2. Ulta Beauty – Shares surged over 11% on strong third-quarter results, with earnings of $5.07 per share on revenue of $2.48 billion. The company also updated the low end of its full-year guidance, and announced that its chief financial officer will retire in April.
3. Marvell Technology – The chipmaker gained nearly 3% after exceeding Wall Street’s third-quarter expectations, posting adjusted earnings of 41 cents per share on $1.42 billion in revenue.
4. Elastic – Shares skyrocketed nearly 15% after the company posted revenue for the recent quarter that surpassed Wall Street’s expectations. Subscription revenue also surpassed estimates, and the company’s CEO highlighted the role of generative artificial intelligence in driving a resurgence of interest in search.
5. Dell – Dell shares fell slightly after reporting mixed third-quarter results. Though the company topped adjusted earnings expectations, revenue fell short of estimates.
6. PagerDuty – The digital operations management company’s shares popped more than 7% after lifting its full-year outlook, expecting earnings per share to range between 72 cents and 73 cents for the year.
7. Ambarella – The company’s shares rose more than 4% in extended trading after revenue topped expectations, and management expressed confidence in returning to revenue growth in fiscal 2025.
8. Samsara – The Internet of Things company jumped 13% in extended trading after posting a top-and-bottom line earnings beat and sharing upbeat guidance for the fourth quarter.
These updates highlight the fluctuating nature of the stock market and the ongoing competition in the business world. Keep an eye on these companies for further developments and potential investment opportunities.
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