Here is a take a look at the businesses making headlines after the bell: Nvidia – The chipmaker’s shares rose about 4% after saying a 10-for-1 inventory break up. Nvidia additionally beat Wall Avenue expectations for its fiscal first-quarter income and revenue and issued robust steerage for the quarter. Different AI-related shares additionally moved larger, with Superior Micro Laptop Corp. and Superior Micro Units Inc. rising greater than 2% and 1%, respectively. Snowflake — Shares of the cloud computing firm rose greater than 5%. Fiscal first-quarter income got here in at $829 million, beating Wall Avenue expectations, whereas the consensus estimate was $786 million, in line with LSEG. Nonetheless, adjusted earnings per share for the interval got here in at 14 cents, 4 cents under consensus estimates. VF Corp. — The attire and footwear firm reported an sudden loss in its newest quarter and income that fell in need of Wall Avenue estimates, sending shares down 9%. VF Corp. misplaced 32 cents per share on income of $2.37 billion. Analysts surveyed by London Inventory Change Group (LSEG) had anticipated earnings of 1 cent per share on income of $2.41 billion. Elf Magnificence — Shares fell 2% after the cosmetics firm reported full-year steerage that missed Wall Avenue expectations. Elf expects internet gross sales to be between $1.23 billion and $1.25 billion, whereas analysts polled by FactSet anticipated $1.27 billion. The weak outlook overshadowed income and revenue development within the fiscal fourth quarter. Synopsys — Digital design automation inventory fell greater than 1%. Synopsys’ second-quarter income and revenue missed Wall Avenue expectations, with adjusted earnings per share of $3 and income of $1.46 billion. Analysts polled by London Inventory Change Group (LSEG) anticipated earnings of $3.03 per share on income of $1.5 billion. LiveRamp Holdings — The advert tech inventory’s fiscal fourth-quarter outcomes rose almost 12%, beating analysts’ expectations, in line with FactSet. LiveRamp additionally issued robust steerage for the present season and full yr. The corporate expects income this yr to be between $710 million and $730 million, in contrast with the consensus estimate of $704.8 million. Information Corp. — Dow Jones and the proprietor of the Wall Avenue Journal signed a multi-year settlement to make its information content material out there on OpenAI, sending shares up 4%. Cytokinetics — The biopharmaceutical firm introduced a $500 million widespread inventory providing, with JPMorgan Chase, Goldman Sachs and Morgan Stanley appearing as sole joint bookrunners. The corporate’s shares fell 12%. DuPont de Nemours — Shares of DuPont de Nemours rose about 5% after the corporate stated it is going to break up into three separate companies, with one specializing in electronics and one other on water filtration and purification. The third plant, which is able to home its industrial options enterprise, together with adhesives, will turn out to be the brand new DuPont. Chief Govt Ed Breen additionally plans to resign on June 1, to get replaced by Chief Monetary Officer Lori Koch. Breen will function govt chairman of the board of administrators. —CNBC’s Darla Mercado, Sarah Min, Scott Schnipper and Christina Cheddar-Berk contributed reporting.
