Shares making the largest strikes after the bell: Carnival, Palo Alto Networks, RealReal & extra

Julie Wainwright, CEO, The RealReal

Scott Mlyn | CNBC

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

Palo Alto Networks – Shares of the cybersecurity firm fell almost 1% after Palo Alto Networks reported better-than-expected outcomes for its second quarter. The corporate reported earnings per share of $1.55, in comparison with a Refinitiv forecast of $1.43. Palo Alto’s income got here in at $1.02 billion, above a Refinitiv estimate of $986 million. “The momentum within the enterprise continues to be sturdy, with second quarter income development of 25% yr over yr to over 1 billion USD,” CEO Nikesh Arora stated in an announcement.

Carnival — Carnival shares had been down 2.2% after the corporate stated it was promoting $1 billion in widespread inventory. Goldman Sachs will lead the general public providing.

The RealReal – Shares of the posh market firm dropped 7.4% on the again of disappointing quarterly numbers. The RealReal misplaced 49 cents per share. Analysts anticipated a lack of 41 cents per share, based on Refinitiv. The corporate’s income additionally fell in need of analyst expectations by about $9 million at $84.6 million.

Trex Firm — Trex shares fell 4.2% even after the composite decking producer reported better-than-expected leads to their fourth quarter. The corporate reported earnings of 37 cents per share, beating a FactSet estimate by 1 cent. The corporate’s income was additionally stronger than anticipated at $228 million. “We anticipate development to develop within the second and third quarters as our capability will increase and as we backfill stock within the channel,” the corporate stated.

Diamondback Vitality – Shares of the power firm slid 2.4% after Diamondback’s quarterly earnings and income missed analyst expectations. Diamondback Vitality earned 40 cents per share, in comparison with a FactSet forecast of 84 cents per share. Income got here in at $769 million, about $3.3 million beneath expectations.

Cadence Design Programs — Cadence shares popped 6.3% after the software program firm reported better-than-expected fourth-quarter outcomes. The corporate posted earnings per share of 83 cents per share, topping a FactSet estimate by 9 cents. Cadence additionally reported income of $760 million, beating a forecast of $732 million.

ZoomInfo Applied sciences — ZoomInfo shares rallied greater than 11% after the corporate launched its newest quarterly earnings. ZoomInfo earned 12 cents per share within the earlier quarter. Analysts anticipated a revenue of 10 cents per share, based on Refinitiv. The corporate additionally issued better-than-expected earnings steering for the complete yr. Moreover, the corporate famous that it closed the yr with greater than 20,000 clients, together with greater than 850 clients with $100,000 or better in annual contract worth.

Shopify – Shopify shares dipped 2.1% on the information the corporate will promote 1.18 million Class A shares. Citigroup, Credit score Suisse and Goldman Sachs will lead the providing.

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