World News – USA – Stocks making the biggest moves by the hours: Snowflake, CrowdStrike, PVH, Okta & more

snowflake â ???? Software shares fell more than 6% in extended trading after the company released its first quarterly results since going public. The company reported a loss of $ 1. 01 per share to $ 159. 6 million sales, which corresponds to a sales growth of more than 100% compared to the previous year.

CrowdStrike â ???? Cybersecurity stock rose 12% after CrowdStrike beat estimates for the third quarter of the fiscal year. The company reported adjusted earnings per share of 8 cents to $ 232. 5 million sales. Analysts polled by Refinitiv looked for a slight loss and $ 212. 6 million sales.

PVH Corp. . one???? The clothing company’s stocks rose nearly 5% after an unexpectedly strong third-quarter report. PVH reported an adjusted profit of $ 1. 32 per share to $ 2. 12 billion sales. Analysts had expected $ 0. 24 out of earnings per share and sales of $ 2. 00 billion.

Okta â ???? Software stock rose over 5% after Okta’s third-quarter results beat Wall Street’s expectations. The company reported adjusted earnings per share of 4 cents to $ 214. 7 million sales. Analysts surveyed by Refinitiv looked for a loss of 1 cent per share, down $ 202. 8 million sales. The company also raised its guidance for the full year.

XPO Logistics â ???? The shipping and logistics company’s shares rose about 2% after XPO’s management announced a plan to spin off part of the company. The company’s board of directors agreed to the move, which would create a standalone company out of XPO’s logistics segment. The maneuver would be tax-free for the XPO shareholders.

Elastic â ???? The Dutch tech company’s stocks rose more than 6% after Elastic posted a smaller-than-expected loss in the second quarter. According to FactSet, the company lost an adjusted 3 cents per share, compared to analyst estimates of 20 cents. Elastic’s subscription and professional revenue results also exceeded expectations.

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Snowflake, CrowdStrike, share