Shares shifting large after hours: PANW, COIN, TOL
Signage exterior Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, Could 13, 2021.
David Paul Morris | Bloomberg | Getty Photographs
Take a look at the businesses making headlines after the bell:
Palo Alto Networks — Shares of the software program inventory popped greater than 7% after earnings and income for the current quarter surpassed Wall Road’s expectations, in accordance with Refinitiv. Palo Alto Community’s earnings steering for its fiscal third quarter additionally got here in above consensus expectations.
Coinbase — Shares of the crypto buying and selling platform have been final up 3%. The corporate beat analysts’ expectations on the highest and backside strains, in accordance with Refinitiv.
Toll Brothers — The homebuilding inventory added 2% in prolonged buying and selling following a better-than-expected earnings report. The corporate additionally mentioned it has seen an increase in demand for the reason that begin of 2023.
Caesars Leisure — The on line casino large’s shares slipped 1% after the corporate posted a internet loss on a GAAP foundation of $148 million within the fourth quarter. Within the year-ago interval, Caesars reported a internet lack of $434 million.
Tenting World — Tenting World shares fell 2% after the bell. The leisure car retailer reported a lack of 20 cents a share for the fourth quarter, excluding objects. Analysts forecasted earnings of two cents per share, in accordance with FactSet.
CoStar Group — The business actual property inventory plummeted almost 15% after sharing steering for the present quarter that fell in need of estimates, in accordance with StreetAccount. The transfer in shares got here regardless of a fourth-quarter beat on each the highest and backside strains.
Transocean — Shares of the offshore drilling firm fell 2.9% in prolonged buying and selling after it posted a fourth quarter loss that was bigger than analysts anticipated, in accordance with FactSet.
La-Z-Boy — The furnishings inventory added 6% in prolonged buying and selling after topping analysts’ estimates for earnings and income within the current quarter, in accordance with FactSet. La-Z-Boy posted adjusted earnings of 91 cents a share, excluding objects, on $572.7 million in income.
Hostess Manufacturers — Shares of the maker of Twinkies gained greater than 1%. Hostess Manufacturers topped Wall Road’s income and earnings expectations for the fourth quarter, in accordance with FactSet.
— CNBC’s Darla Mercado contributed reporting