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In after-hours trading, Zscaler (NASDAQ:ZS), the cloud security company, saw its shares plummet more than 11%, despite beating analysts’ estimates on the top and bottom lines for the fiscal second quarter. However, the company narrowly surpassed expectations for billings, with FactSet reporting billings of $493.8 million, just above their estimated $491.4 million.
Meanwhile, C3.ai (NYSE:AI), the enterprise artificial intelligence company, experienced a 15% surge in shares after its fiscal third-quarter results surpassed Wall Street’s estimates, with Refinitiv reporting a loss of 6 cents per share compared to analysts’ predictions of a 22 cent loss, and revenue of $66.7 million exceeding expectations of $64.2 million.
Dell Technologies (NYSE:DELL) also saw gains of almost 3% after surpassing Wall Street’s estimates for its fourth-quarter earnings and revenue. The company’s adjusted earnings of $1.80 per share were higher than analysts’ consensus estimate of $1.63, and its revenue of $25.04 billion exceeded estimates of $23.39 billion.
On the other hand, ChargePoint Holdings (NYSE:CHPT), the electric vehicle maker, saw its shares drop 13.5% after its quarterly revenue fell short of analysts’ forecasts. The company reported $152.8 million in revenue during the fourth quarter, while analysts polled by FactSet had estimated $164.6 million. Additionally, the company’s guidance for the first quarter also came in below Wall Street’s expectations.
Similarly, Marvell Technology (NASDAQ:MRVL) shares shed 6% after the semiconductor company posted mixed results for the fourth quarter. Its adjusted earnings of 46 cents per share were one cent lower than analysts’ estimates, according to Refinitiv. However, its revenue of $1.42 billion exceeded analysts’ expected $1.40 billion.
Finally, Hewlett Packard Enterprise (NYSE:HPE) experienced a 1.5% increase in shares after topping expectations for the fourth quarter, according to analysts polled by Refinitiv. The company’s adjusted earnings of 63 cents per share were higher than the estimated 54 cents, and it also posted revenue of $7.81 billion, exceeding the expected $7.43 billion.
