These 4 Stocks Outgained Nvidia After Their Own Q2 Beats
Several stocks outpaced Nvidia (NVDA) in after-hours trading Wednesday, even as Nvidia earnings beat second quarter revenue and profit estimates.
Okta, Salesforce, CrowdStrike, and Veeva Systems all posted bigger percentage gains than Nvidia after their own quarterly results topped Wall Street forecasts.
Nvidia Earnings Beat Estimates, But Others Beat the Rally
Nvidia posted adjusted earnings of $2.22 per share on revenue of $96.22 billion for its fiscal second quarter. Both figures topped the $2.10 per share and $92.17 billion analysts polled by LSEG had expected.
Guidance also came in strong. Management pointed to $108 billion in third quarter revenue, above consensus estimates. Despite the beat, the stock added only 4% after hours, a modest reaction given the scale of the numbers.
Okta and Salesforce Led the After-Hours Gainers
Okta (OKTA) jumped about 19% postmarket, the largest gain among Wednesday's reporters. The identity management company posted adjusted earnings of $1.05 per share on $805 million in revenue. Analysts surveyed by LSEG had expected 97 cents per share and $795 million. Okta also raised its full year earnings and revenue guidance.
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