Markets
BOX

After Hours: NetApp, Box, Pedevco Gain; Williams-Sonoma Slips

(RTTNews) - Williams-Sonoma Inc. (WSM) - Shares of the home goods retailer slipped 6% on Wednesday after the bell despite the company reporting a second-quarter profit and revenues that trumped Wall Street expectations, driven largely by online sales. Second-quarter profit rose to $134.6 million or $1.70 per share from $62.6 million or $0.79 per share last year. Adjusted earnings were $1.80 per share, beating Thomson Reuters polled analysts' estimate of $1.00 per share. Revenues grew 8.8% to $1.49 billion from $1.37 billion last year. E-commerce revenue grew by 46%. Analysts had a consensus revenue estimate of $1.47 billion.

NetApp Inc. (NTAP) - Shares of the company jumped over 10% on extended trading Wednesday after the company's first-quarter profit and revenues trumped Wall Street estimates. The data-storage company reported first-quarter profit of $77 million or $0.35 per share, down from $103 million or $0.42 per share last year. Adjusted earnings were $0.73 per share, beating analysts' estimate of $0.41 per share. Sunnyvale, California-based NetApp's revenues rose to $1.30 billion from $1.24 billion last year. Analysts had a consensus revenue estimate of $1.15 billion.

Box Inc. (BOX) - Shares of the enterprise-software maker jumped nearly 8% in after-hours trading Wednesday after the company reported a second-quarter results that topped Wall Street estimates and also issued a strong guidance. Adjusted earnings were $0.18 per share, compared to breakeven per share last year. Revenues improved 11% to $192.3 million from $172.5 million a year ago. Analysts expected earnings of $0.12 per share on revenues of $189.56 million. Moving ahead, the company expects adjusted earnings of $0.56 to $0.60 per share and revenues of $767 million to $770 million. Analysts currently estimate earnings of $0.50 per share and revenues of $765.11 million.

Pedevco Corp. (PED) - Shares of the company surged 73% on Wednesday after the bell. Pedevco delivered an open letter to the SandRidge Permian Trust, its Unit Holders, and the operator of its assets regarding an indication of interest to acquire the SandRidge Permian Trust and underlying assets.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

BOX NTAP PED WSM

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More