After-Hours Stock Movers:
Corsair Gaming Inc (NASDAQ:CRSR) 13% LOWER; Sees first-quarter preliminary unaudited revenue was approximately $380 million, below the consensus of $447 million.
A10 Networks Inc. (NYSE:ATEN) 11% HIGHER; to replace Ferro (NYSE:FOE) in the S&P SmallCap 600.
Gap Inc. (NYSE:GPS) 11% LOWER; Old Navy President and CEO Nancy Green is leaving and the company lowered its first-quarter sales guidance.
Globus Medical , Inc. (NYSE:GMED) 11% LOWER; CEO resigns and sees quarter 2022 sales of approximately $230.5 million, below the consensus of $235.9 million.
SVB Financial Group (NASDAQ:SIVB) 9% HIGHER; reported Q1 EPS of $7.92, $1.98 better than the analyst estimate of $5.94.
Qualtrics International Inc (NASDAQ:XM) 5% HIGHER; posted Q1 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue was $335.6 million versus the consensus estimate of $325.6 million. The company sees FY2022 EPS of $0.00-$0.02, versus the consensus of ($0.01) and revenue of $1.428-1.432 billion, versus the consensus of $1.41 billion.
Boston Beer Co. (NYSE:SAM) 3% LOWER; posted Q1 EPS of ($0.16), $2.13 worse than the analyst estimate of $1.97. Revenue for the quarter came in at $430.1 million versus the consensus estimate of $444.77 million. Boston Beer Co. sees FY2022 EPS of $11.00-$16.00, versus the consensus of $13.85.
Snap (NYSE:SNAP) 1% HIGHER; posted Q1 EPS of ($0.02), $0.03 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.07 billion. DAUs were 332 million in Q1 2022, an increase of 52 million, or 18%, year-over-year.