Better-Than-Expected Results: Nordstrom and NetApp Thrive, Okta and Salesforce Encounter Market Headwinds
- May 31st, 2023
- 616 views
Nordstrom, Inc. (NYSE: JWN), a renowned fashion retailer with a presence in the United States and Canada, reported first quarter 2023 adjusted earnings per share (EPS) of $0.07, surpassing the consensus estimate of a loss of $0.08 per share.
$JWN is trading at $16.60, experiencing an after-hours increase of $1.30 or 8.50%
NetApp, Inc. (Nasdaq: NTAP), a multinational company specializing in data management and storage solutions, reported fourth-quarter fiscal 2023 adjusted EPS of $1.54, beating the consensus estimate of $1.34.
$NTAP is trading at $70.50 in after-hours trading, representing an increase of $4.15 or 6.25%.
Okta, Inc. (Nasdaq: OKTA), a cloud-based identity and access management company that provides security solutions for businesses, reported first-quarter fiscal 2024 EPS of $0.22, exceeding the consensus estimate of $0.13.
However, the market response in after-hours trading for $OKTA has been a decrease, with the stock trading at $79.22, down by $11.68 or 12.85%.
Salesforce, Inc. (NYSE: CRM), a prominent customer relationship management (CRM) software company, reported first-quarter fiscal 2024 EPS of $1.69, slightly higher than the consensus estimate of $1.61.
Despite the positive earnings results, $CRM is trading at $215.70 in after-hours trading, indicating a decrease of $7.68 or 3.44%.
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