The big picture of the Snowflake IPO banner in front of the New York Stock Exchange celebrates tech company employees on September 16, 2020, the largest technology IPO in exchange history.
Kostas Lymperopoulos | CSM | AP
Check out the companies that make headlines in after-hours trading:
Square — The payment company announced Wednesday night that it would change its name to Block. The name change will take effect on December 10th and will take place as the company expands into new technologies, including blockchain. Stock prices rose 1% during long-term trading.
Five Below — Retailers’ share surged 10% after the company exceeded top-line and bottom-line quotes in the third quarter. According to Refinitiv’s estimate, Five Below earned 43 cents per share. That’s more than the 29 cents analysts expected. Revenue of $ 608 million is higher than expected at $ 565 million.
Snowflake — Snowflake’s share price surged more than 11% after the company exceeded earnings estimates. The company’s third-quarter sales were $ 334 million, more than expected by the $ 306 million analysts surveyed by Refinitiv.
Splunk — Technology name share fell 1% on Splunk’s third-quarter revenue. The company lost 37 cents per share. Analysts expected a loss of 52 cents, according to StreetAccount data.
Square, Snowflake, Five Below, etc.
Source link Square, Snowflake, Five Below, etc.