Stocks making the biggest moves in after hours: Western Digital, Bloom Energy, Deckers Outdoor & more
Here are some of the companies making headlines after the closing bell. Western Digital — Shares of the data storage company fell 6%. The decline came after hard selling in the artificial intelligence trade during the regular session. Separately, Western Digital posted fiscal first quarter results that exceeded estimates, with adjusted earnings of $4.64 per share trouncing the LSEG consensus call for $4.09 per share. Revenue of $4.38 billion beat the expected $4.14 billion. VeriSign — The provider of domain name registry services dropped almost 5% after third quarter earnings missed the mark. VeriSign earned $2.35 per share, falling short of the FactSet consensus estimate of $2.46. Bloom Energy — The fuel cell power company fell 5% even as third-quarter results trounced analysts’ estimates. Adjusted earnings of 94 cents per share and revenue of $1.24 billion surpassed the LSEG consensus call for 68 cents per share and $1.06 billion. Guidance for full-year revenues and adjusted earnings also came in ahead of estimates. Comfort Systems — The provider of heating and ventilation services slid 7% after announcing its finance chief Bill George will retire after the company files its annual report for the year ending Dec. 31. Separately, Comfort Systems reported third-quarter results that beat estimates. Omnicom — Shares popped almost 2% after the marketing and sales company posted third-quarter earnings that exceeded expectations. Omnicom posted earnings of $2.73 per share, on an adjusted basis, with revenue of $6.42 billion. Analysts polled by FactSet anticipated earnings of $2.67 per share on revenue of $6.21 billion. Deckers Outdoor – Shares of the footwear maker slid about 8% after its revenue for the fiscal second quarter missed analyst expectations. Revenue for the period came in at $1.48 billion versus the $1.51 billion that analysts polled by LSEG had expected. Revenues of both Hoka and UGG were also lower than the StreetAccount estimates. Additionally, the company expects its full-year revenue to be between $5.7 billion and $5.73 billion, below the consensus estimate of $5.88 billion. RingCentral – Shares advanced 14% after the cloud-based communication platform delivered third-quarter earnings. The company’s total revenue increased roughly 5.9% year-over-year to $676 million, beating the $667.3 million expected by analysts, per FactSet. Its adjusted earnings of $1.33 per share also came in ahead of the $1.28 per share expected. CNBC’s Sarah Min, Sean Conlon and Paulina Likos contributed reporting.
