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After-hours movers: Okta, C3.ai fall following results; Chewy gains

AuthorInvesting.com
Published 05/31/2023, 05:49 PM
Updated 05/31/2023, 05:45 PM
© Reuters After-hours movers: Okta, C3.ai fall following results; Chewy gains

After-Hours Stock Movers:

Okta, Inc. (NASDAQ:OKTA) 15% LOWER; reported Q1 EPS of $0.22, $0.10 better than the analyst estimate of $0.12. Revenue for the quarter came in at $518 million versus the consensus estimate of $511.02M. Okta, Inc. sees Q2 2024 EPS of $0.21-$0.22, versus the consensus of $0.17. Okta, Inc. sees Q2 2024 revenue of $533-535M, versus the consensus of $527.87M. Okta, Inc. sees FY2024 EPS of $0.88-$0.93, versus the consensus of $0.78. Okta, Inc. sees FY2024 revenue of $2.175-2.185 billion, versus the consensus of $2.17B.

Lexicon Pharmaceuticals (NASDAQ:LXRX) 14% LOWER; announced that it has commenced an underwritten public offering to offer and sell, subject to market and other conditions, shares of its common stock.

C3 Ai Inc (NYSE:AI) 13% LOWER; reported Q4 EPS of ($0.13), $0.04 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $72.4M versus the consensus estimate of $71.29M. C3.ai sees Q1 2024 revenue of $70-72.5M, versus the consensus of $72.1M. C3.ai sees FY2024 revenue of $295-320M, versus the consensus of $317M.

Chewy (NYSE:CHWY) 13% HIGHER; reported Q1 EPS of $0.05, $0.09 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $2.78B versus the consensus estimate of $2.73B.

Victoria's Secret & Co (NYSE:VSCO) 11% LOWER; reported Q1 EPS of $0.28, $0.26 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $1.41B versus the consensus estimate of $1.42B. Victoria's Secret & Co. sees Q2 2024 EPS of $0.10-$0.40, versus the consensus of $0.88.

Lucid Group, Inc. 7% LOWER; announced today the commencement of a public offering of 173,544,948 shares of its common stock. In addition, Lucid's majority stockholder and affiliate of the Public Investment Fund (PIF), Ayar Third Investment Company (Ayar), has agreed to purchase from Lucid 265,693,703 shares of Lucid common stock in a private placement for an aggregate purchase price of approximately $1.8B.

NetApp (NASDAQ:NTAP) 4% HIGHER; reported Q4 EPS of $1.54, $0.20 better than the analyst estimate of $1.34. Revenue for the quarter came in at $1.58B versus the consensus estimate of $1.55B. NetApp sees Q1 2024 EPS of $1.00-$1.10, versus the consensus of $1.19. NetApp sees Q1 2024 revenue of $1.33-1.48B, versus the consensus of $1.47B. NetApp sees FY2024 EPS of $5.65-$5.85, versus the consensus of $5.57.

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