U.S. stocks edge higher after weekly jobless claims; Salesforce gains
After-hours movers:
Marvell Technology (MRVL) fell 4% despite in-line quarterly results after it announced a deal to buy Celestial AI for approximately $3.25 billion.
Pure Storage, Inc. (PSTG) fell 10% after in-line quarterly results. Subscription services revenue was $429.7 million, up 14% year-over-year.
GitLab Inc (GTLB) fell 10% despite better than expected quarterly figures. GitLab reported Q3 EPS of $0.25, $0.05 better than the analyst estimate of $0.20. Revenue for the quarter came in at $244.4 million versus the consensus estimate of $239.09 million.
Asana, Inc. (ASAN) rose 4% after beating estimates on the top and bottom line. Revenues were $201.0 million, an increase of 9% year over year.
American Eagle Outfitters (AEO) climbed 14% after publishing better than expected quarterly results. Based on stronger sales trends, the company is raising its fourth quarter operating income guidance to $155 to $160 million based on comparable sales in the range of positive 8% to 9% with similar growth for total revenue.
Microchip Technology (MCHP) rose 4% after it raised Q3 fiscal 2026 guidance, citing better-than-expected business performance.
Box (BOX) fell 4% after lackluster quarterly performance. Box reported Q3 EPS of $0.31, $0.01 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $301.1 million versus the consensus estimate of $297.46 million