Check out the companies that caught our attention after the deal closed. NVIDIA — Shares rose about 4% after the chipmaker announced a 10-for-1 stock split. NVIDIA also beat Wall Street’s first-quarter expectations on revenue and profit and issued strong guidance for the current quarter. Other stocks related to artificial intelligence also rose in tandem, with Super Microcomputer and Advanced Micro Devices rising more than 2% and 1%, respectively. Snowflake — This cloud computing company soared more than 5%. According to LSEG, first quarter sales exceeded market expectations at $829 million, compared to the market consensus estimate of $786 million. Adjusted earnings for the period were 14 cents per share, 4 cents less than consensus estimates. VF Corporation. — The apparel and footwear company fell 9% after posting a surprise loss in its most recent quarter and sales falling short of Wall Street expectations. VF Corp. had a loss of 32 cents per share on revenue of $2.37 billion. Analysts surveyed by LSEG had expected earnings of 1 cent per share and revenue of $2.41 billion. Elf Beauty — The cosmetics company fell 2% after it released full-year guidance that was weaker than Wall Street’s expectations. Elf expects net sales to be between $1.23 billion and $1.25 billion, while analysts surveyed by FactSet expected $1.27 billion. This weak outlook exceeded fourth-quarter sales and profit expectations. Synopsys — This electronic design automation stock fell more than 1%. Synopsys missed Wall Street expectations for second-quarter sales and profit, with adjusted earnings of $3 per share on revenue of $1.46 billion. Analysts surveyed by LSEG expected earnings of $3.03 per share and revenue of $1.5 billion. LiveRamp Holdings — The advertising technology stock rose nearly 12% after fourth-quarter results, beating analysts’ expectations, according to FactSet. LiveRamp also issued strong guidance for the current quarter and full year. The company expects full-year revenue to be between $710 million and $730 million, beating the consensus estimate of $704.8 million. News Corp. — The owner of Dow Jones and the Wall Street Journal rose 4% after it signed a multiyear deal to make its news content available to OpenAI. Cytokinetics — Shares fell 12% after the biopharmaceutical company announced a $500 million common stock offering with JPMorgan, Goldman Sachs and Morgan Stanley acting as sole co-lead managers. . DuPont de Nemours — Shares rose about 5% after the company announced it would split into three businesses, one focused on electronics and one focused on water filtration and purification. A third business will become the new DuPont, housing industrial solutions businesses including adhesives. CEO Ed Breen will also retire on June 1, and will be replaced by Chief Financial Officer Lori Koch. Mr. Breen will become executive chairman of the board. —CNBC’s Darla Mercado, Sarah Ming, Scott Schnipper and Christina Cheddar Burke contributed reporting.
Biggest movers after hours: NVDA, SNOW, VFC
