Companies Making Headlines in After-Hours Trading
Check out the companies that are making headlines in after-hours trading.
Zscaler
The cloud security stock, Zscaler, slipped 1% despite reporting better-than-expected earnings for its fiscal fourth quarter and providing strong guidance for the current quarter. Zscaler reported adjusted earnings of 64 cents per share, surpassing the analysts’ forecast of 49 cents. The company’s revenue also exceeded consensus by $25 million, reaching $455 million. Zscaler expects its earnings and revenue for the current quarter to outperform analyst expectations.
GitLab
The technology platform, GitLab, experienced a 4% jump in after-hours trading following a strong second-quarter report and positive guidance for the current quarter. GitLab reported adjusted earnings of 1 cent per share on $140 million in revenue, surpassing analysts’ forecast of a loss of 3 cents per share and revenue of $130 million. The company’s outlook for the current quarter’s revenue also exceeded analysts’ expectations.
Gogo
The broadband stock, Gogo, saw a 3.5% increase after announcing the approval of a share repurchase program of up to $50 million.
Asana
Despite a strong report and outlook, the work management stock, Asana, slipped 2.8%. Asana reported a loss of 4 cents per share on revenue of $162 million, while analysts anticipated a loss of 11 cents per share and $158 million in revenue.
AeroVironment
Shares of AeroVironment, the maker of unmanned aircraft systems, rose nearly 12% after beating analysts’ expectations in its fiscal first quarter. AeroVironment reported adjusted earnings of $1 per share on revenue of $152 million, exceeding analysts’ forecast of earnings of 26 cents per share and revenue of $129 million.
HaberTusba’s Darla Mercado contributed reporting.
