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Check out the companies making headlines in afternoon trading. CrowdStrike – The cybersecurity company surged more than 15% after topping Wall Street’s quarterly estimates and issuing strong guidance. CrowdStrike reported adjusted earnings of 95 cents per share on revenue of $845 million. Management also reiterated its plan to reach annual recurring revenue of $10 billion by 2030. JD.com – The Chinese e-commerce platform surged nearly 19% after reporting quarterly revenue growth. The company has also launched a $3 billion share purchase program starting this month, which will run through March 2027. Nordstrom – Shares fell 14% after the department store chain issued a muted outlook for 2024. Nordstrom expects full-year revenue to range between a 2% decline and a 1% gain compared to last year. Thor Industries – Shares fell 11% after the recreational vehicle maker posted quarterly revenue that disappointed expectations. In its second quarter, Thor Industries reported revenue of $2.21 billion, missing the FactSet consensus estimate of $2.27 billion. Foot Locker – Shares fell 27.6% after the sneaker retailer reported a fourth-quarter loss and issued weak guidance for the current year. Foot Locker expects full-year adjusted earnings per share to come in between $1.50 and $1.70, compared with estimates of between $1.40 and $2.30, per LSEG, formerly known as Refinitiv. The company also said that the profitability target set for March 2023 will be delayed by two years. HashiCorp – Shares jumped 10.8% after HashiCorp reported a loss in its latest quarterly results. The software company reported fourth-quarter adjusted earnings of 5 cents per share on revenue of $156 million. Analysts surveyed by LSEG had expected earnings per share of 1 cent on revenue of $149 million. Bank Stocks – Bank stocks fell as a group after a Reuters report citing industry sources said U.S. regulators are “significantly reducing” the amount of capital held by banks to deal with potential losses. Estimated to do. Shares of PNC Financial Services Group fell 3%, while Northern Trust lost 5.4%. Morgan Stanley fell 3%, while M&T Bank fell 1.3%. Couchbase – Shares rose 3.4% after the cloud database services company posted quarterly results that topped estimates. Couchbase reported a non-GAAP per-share loss of 6 cents in the fourth quarter, less than the loss of 14 cents per share anticipated by analysts surveyed by FactSet. Revenue of $50.1 million also topped the $46.6 million consensus estimate. Coinbase Global – Shares rise more than 6% as crypto prices rise. Bitcoin was 6% higher on Wednesday after reaching a new intraday record on Tuesday. Ether reached its highest level since January 2022. ChargePoint Holdings – Shares fell more than 9% after the electric vehicle charging station company issued disappointing guidance. ChargePoint estimates first-quarter revenue between $100 million and $110 million, less than the $126.6 million expected by analysts surveyed by FactSet. ChargePoint, which is already down 22% this year, was last trading below $2 a share. Box – Shares jumped more than 6% after the cloud content management company beat quarterly earnings expectations. Box reported fourth-quarter earnings of 42 cents per share, beating the earnings per share forecast of 38 cents by analysts surveyed by LSEG. Revenue of $263 million came in line with expectations. Separately, Box said it is integrating a new large language model with Microsoft’s Azure OpenAI service. GitLab – Shares rose 6.8% after Wolfe upgraded GitLab to outperform from peer performance, saying he sees “significant upside” for the software company. GitLab is down 0.1% this year, which is weaker than the broader market. Brown-Forman – Shares fell 9.7% after Brown-Forman, the spirits and wine company behind Jack Daniel’s, lowered its annual organic net sales forecast. Guidance for the full year ending April 2024 was cut to flat from prior guidance of 3% to 5% growth, indicating pressure from higher commodity prices. Palantir Technologies – Shares rose 8.9% after the software platform builder won a $178.4 million contract from the U.S. Army to develop 10 artificial intelligence-powered ground stations as part of a project called TITAN, or Tactical Intelligence Targeting Access Node. Hui. Target – Shares rose 3.8% on Wednesday, extending gains from Tuesday’s session when the big box retailer closed 12% higher after strong quarterly results. Wall Street firms HSBC and Deutsche Bank upgraded Target to buy following the earnings results. Super Micro Computer – Shares rose 4.2% after Argus initiated coverage of the data center company with a buy rating, saying Super Micro Computer “builds on several years of strong top-line growth, margin expansion and EPS acceleration.” Ready for it.” Tesla – Shares fell 2.7% after Morgan Stanley analyst Adam Jonas, a noted Tesla bull, cut his price target for the EV maker. Citing competition from hybrid cars, he said Tesla could suffer losses in the coming quarters. Abercrombie & Fitch – Shares fell 1.3% even after the apparel retailer beat expectations on the top and bottom lines in its latest quarterly results. Abercrombie & Fitch reported fourth-quarter earnings of $2.97 per share on revenue of $1.45 billion. Analysts surveyed by LSEG were expecting earnings of $2.83 per share on revenue of $1.43 billion. Oddity Tech – Shares fell more than 7% even after the consumer tech company beat expectations on the top and bottom lines in its most recent results and issued stronger-than-expected guidance for the first quarter and full year. Oddity Tech reported fourth-quarter adjusted earnings of 17 cents, exceeding the FactSet consensus estimate of 9 cents in earnings per share. Revenue of $97.2 million surpassed estimates of $85.9 million. — CNBC’s Michelle Fox, Lisa Kailai Han, Hakyung Kim, Piya Singh and Samantha Subin contributed reporting.
