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Stocks making the biggest moves after hours
Check out the companies making headlines after the bell.
Palo Alto Networks – Shares declined nearly 19% after the cybersecurity company’s full-year guidance missed expectations. Palo Alto Networks said it predicts full-year revenue growth of 15% to 16%, down from earlier guidance of 18% to 19% growth. The company also reduced its full-year billings forecast. Meanwhile, adjusted earnings and revenue in the fiscal second quarter topped analysts’ estimates.
Diamondback Energy — Shares gained 1.6% after the energy company beat on both top- and bottom-lines in the fourth quarter. Diamondback posted adjusted earnings of $4.74 per share on $2.23 billion in revenue. Analysts polled by LSEG had forecasted $4.66 in earnings per share on revenue of $2.17 billion.
Caesars Entertainment — The hotel and resorts stock lost more than 1% after posting a revenue miss in the prior quarter. Caesars reported $2.83 billion in revenue while analysts had estimated $2.85 billion, according to LSEG.
— Hakyung Kim
3 Hours Ago
