Stocks making the biggest moves after the bell: Carnival, Palo Alto Networks, RealReal & more

Julie Wainwright, CEO, The RealReal

Scott Mlyn | CNBC

Take a look at out the companies making headlines after the bell on Monday:

Palo Alto Networks – Shares of the cybersecurity company fell virtually 1% after Palo Alto Networks reported better-than-anticipated outcomes for its 2d quarter. The corporate reported earnings per portion of $1.55, when in contrast to a Refinitiv forecast of $1.43. Palo Alto’s revenue got right here in at $1.02 billion, above a Refinitiv estimate of $986 million. “The momentum in the commercial is still solid, with 2d quarter revenue improve of 25% year over year to over 1 billion USD,” CEO Nikesh Arora said in an announcement.

Carnival — Carnival shares had been down 2.2% after the company said it changed into selling $1 billion in classic inventory. Goldman Sachs will lead the public offering.

The RealReal – Shares of the lush marketplace company dropped 7.4% on the support of disappointing quarterly numbers. The RealReal misplaced 49 cents per portion. Analysts anticipated a loss of 41 cents per portion, in step with Refinitiv. The corporate’s revenue additionally fell brief of analyst expectations by about $9 million at $84.6 million.

Trex Company — Trex shares fell 4.2% even after the composite decking producer reported better-than-anticipated ends up in their fourth quarter. The corporate reported earnings of 37 cents per portion, beating a FactSet estimate by 1 cent. The corporate’s revenue changed into additionally stronger than anticipated at $228 million. “We anticipate of improve to amplify in the 2d and third quarters as our ability will improve and as we backfill inventory in the channel,” the company said.

Diamondback Energy – Shares of the energy company slid 2.4% after Diamondback’s quarterly earnings and revenue left out analyst expectations. Diamondback Energy earned 40 cents per portion, when in contrast to a FactSet forecast of 84 cents per portion. Earnings got right here in at $769 million, about $3.3 million under expectations.

Cadence Develop Techniques — Cadence shares popped 6.3% after the machine company reported better-than-anticipated fourth-quarter outcomes. The corporate posted earnings per portion of 83 cents per portion, topping a FactSet estimate by 9 cents. Cadence additionally reported revenue of $760 million, beating a forecast of $732 million.

ZoomInfo Applied sciences — ZoomInfo shares rallied better than 11% after the company released its latest quarterly earnings. ZoomInfo earned 12 cents per portion in the outdated quarter. Analysts anticipated a revenue of 10 cents per portion, in step with Refinitiv. The corporate additionally issued better-than-anticipated earnings steering for the beefy year. Additionally, the company neatly-known that it closed the year with better than 20,000 customers, in conjunction with better than 850 customers with $100,000 or greater in annual contract price.

Shopify – Shopify shares dipped 2.1% on the news the company will promote 1.18 million Class A shares. Citigroup, Credit Suisse and Goldman Sachs will lead the offering.