April 20, 2024

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Big stock movement after hours: CRWD, SFIX, CRCT

Big stock movement after hours: CRWD, SFIX, CRCT

Stitch Fix app for download in the Apple App Store on a smartphone.

Tiffany Hagler Gerd | bloomberg | Getty Images

Check out the companies making headlines after the bell.

CrowdStrike Shares of the global cybersecurity company rose 6% after its fourth-quarter earnings and revenue beat Wall Street estimates. CrowdStrike reported adjusted earnings per share of 47 cents, beating analyst estimates of 43 cents, according to Refinitiv. The company’s revenue also exceeded expectations, coming in at $637 million compared to the $625 million expected by analysts. CrowdStrike also provided strong earnings and revenue guidance for the current quarter and the full year.

Stitch Fix Shares of the online personal styling services company fell 5.4% after a disappointing earnings report. The company reported a loss per share of 58 cents, which is more than the 34 cents that analysts had estimated, according to Refinitiv. Stitch Fix’s revenue of $412 million also fell short of analyst estimates of $414 million.

Cricut — Shares of the smart cutting machine company rose nearly 1.7% after fourth-quarter revenue beat analyst expectations. Cricut reported revenue of $280.8 million, which is above the consensus estimate of $261 million, according to FactSet. The company reported earnings per share of 5 cents, which was 1 cent less than what Wall Street had expected. Cricut reported an increase in users and paid subscribers from last year.

Maxeon Solar Technologies Shares of the Singapore-based solar panel company rose 8%. And while it reported larger losses per share than analysts polled by FactSet had expected, it posted revenue of $323.5 million, beating analyst estimates of $315.7 million.

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