Palo Alto Networks & more

Try the businesses making headlines after the bell Thursday:

Applied Materials — Utilized Supplies shares fell greater than 2% after the chipmaker posted quarterly outcomes that missed analyst estimates. The corporate earned $1.85 per share on income of $6.25 billion. Analysts anticipated a revenue of $1.90 per share on income of $6.38 billion, based on Refinitiv. Utilized Supplies’ current-quarter steering for earnings and income was additionally beneath StreetAccount estimates. CEO Gary Dickerson stated the corporate is “constrained by on-going provide chain points.”

Palo Alto Networks — Shares of the cybersecurity firm jumped 10% on the again of better-than-expected quarterly outcomes. Palo Alto Networks reported earnings per share of $1.79 on income of $1.39 billion. Analysts polled by Refinitiv anticipated a revenue of $1.68 per share on income of $1.36 billion. The corporate additionally issued stronger-than-expected earnings and income steering for the fiscal fourth quarter.

Ross Stores — Ross Shops fell greater than 18% after the retailer posted first-quarter income that was beneath analyst expectations. The corporate’s earnings per share and same-store gross sales steering for the second quarter additionally got here in beneath estimates. “Following a stronger-than-planned begin early within the interval, gross sales underperformed over the stability of the quarter,” CEO Barbara Rentler stated.

Deckers Outdoor — Shares of Deckers Outside rallied greater than 12% after the corporate posted a revenue of $2.51 per share on income of $736 million. These outcomes topped Refinitiv estimates of $1.32 per share on gross sales of $639 million. The corporate’s full-year income steering was additionally above expectations.

VF Corp — VF Corp shares rose greater than 3% after the clothes firm hiked its full-year earnings outlook. The corporate expects a revenue ranging between $3.30 per share and $3.40 per share for fiscal 2023. That is up from prior steering of roughly $3.20 per share.