Stocks making the biggest moves after hours: Nvidia, Splunk, Autodesk, Guess and more

The Nvidia main office situated in Santa Clara, California on June 5, 2023.

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Take a look at the companies that are attracting widespread attention in after-hours trading.

Splunk experienced a surge of 11% in its share value following a successful earnings report. The company managed to achieve an impressive earnings per share of 71 cents, with a total revenue of $889 million, after making necessary adjustments. Prior to the report, industry analysts surveyed by FactSet had predicted that Splunk would only earn 46 cents per share. Additionally, the company has now revised its future projections, indicating a positive outlook.

Nvidia experienced a substantial surge of about 9% following the release of its second-quarter outcomes. The company managed to generate $2.70 per share, excluding additional factors, with a revenue of $13.51 billion. In contrast, Refinitiv analysts anticipated earnings of $2.09 per share and revenue of $11.22 billion.

Snowflake experienced a positive surge of almost 3% in its share value as it surpassed the predicted earnings. Snowflake disclosed an adjusted profit of 22 cents per share, generating revenue worth $674 million. In contrast, industry analysts, as surveyed by Refinitiv, predicted a profit of 10 cents per share and revenue of $662 million.

Shares of semiconductor companies including Taiwan Semiconductor, AMD, and Marvell rallied following Nvidia's strong second-quarter financial results. Taiwan Semiconductor experienced a 3% increase, while AMD and Marvell witnessed gains of 3.9% and 5.3% respectively.

Estimate — The fashion company's stock soared by almost 19% following Guess's announcement that they achieved a profit of 72 cents per share, disregarding additional expenses, from a total revenue of $664.5 million in the most recent quarter.

Shares of Super Micro Computer rose by 8.4% after Nvidia's impressive earnings results. Loop Capital, an investment firm, reaffirmed their recommendation to buy shares of Super Micro Computer earlier in the day. Analyst Ananda Baruah mentioned that if Nvidia's earnings report exceeds expectations, it could have a positive impact on the stock of Super Micro Computer.

Autodesk - The stock of this software company experienced a 5% increase following the announcement of its second-quarter performance. Autodesk managed to achieve an adjusted earnings per share of $1.91, along with $1.35 billion in revenue. Industry experts surveyed by Refinitiv had estimated earnings of $1.73 per share and revenue of $1.32 billion, but Autodesk surpassed those predictions.