Stocks making the biggest moves after hours: Gap, Workday, Autodesk and more
These are the stocks posting the largest moves in after-hours trading.
TL;DR
- Gap's stock rose approximately 14% following the announcement of Michael Francis as the new head of Old Navy and better-than-expected Q2 adjusted earnings.
- Marvell Technology's stock fell 6% after its current quarter earnings forecast and gross margin outlook were slightly below analyst expectations.
- Workday's stock increased nearly 1% as the company surpassed analyst estimates for both revenue and earnings in the second quarter.
- Rubrik's stock dropped 7% despite beating revenue and earnings expectations, as its non-GAAP gross margin fell slightly short of the consensus estimate.
- Autodesk's stock slid 5% after its Q3 and full-year adjusted earnings projections disappointed Wall Street analysts.
- Elastic N.V. shares surged 20% after its full-year guidance exceeded analyst expectations and its first-quarter results surpassed estimates.
- SentinelOne's stock shed almost 4% due to a weak outlook for current-quarter and full-year earnings per share, overshadowing stronger second-quarter results.