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LivestreamMenuCheck out the companies making headlines in extended trading. Gap – Shares of the clothing retailer jumped about 7% after Gap announced Michael Francis will take the helm at Old Navy, starting Nov. 2. He succeeds Haio Barbeito, who has been the CEO since 2022. Adjusted earnings for Gap in the second quarter topped estimates, coming in at 52 cents per share versus the LSEG consensus estimate of 48 cents. Marvell Technology — The semiconductor stock was marginally lower despite the company beating expectations for the second quarter on both lines. Marvell earned 94 cents per share, excluding items, on $2.74 billion in revenue, while analysts surveyed by LSEG anticipated 93 cents a share and $2.71 billion, respectively. Workday — The enterprise software stock dropped 5.7% after posting a current-quarter subscription revenue outlook that only matched analyst expectations. However, Workday surpassed the estimates of analysts surveyed by LSEG for both top and bottom lines in the second quarter. Rubrik — The digital security stock tumbled 10% despite beating analyst expectations for the second quarter and hiking its guidance. Rubrik said it saw 20 cents in earnings per share, excluding items, and on $427 million in revenue for the quarter, while analysts penciled in 4 cents a share and $396 million, per LSEG. Autodesk – The maker of 3D design software slid 6% after its earnings projections disappointed Wall Street. Autodesk sees adjusted earnings ranging from $3.04 to $3.09 per share in the third quarter, while analysts polled by LSEG were looking for $3.14 per share. Full-year adjusted earnings guidance was $12.52 to $12.60 per share, compared to the $12.60 anticipated. Elastic N.V. – The data analytics company saw shares surge 15% after full-year guidance topped analysts’ expectations. The company sees adjusted earnings in a range of $3.29 to $3.37 per share, on revenue of $1.998 billion to $2.010 billion. Analysts polled by LSEG were looking for $3.24 per share and $1.99 billion. First-quarter adjusted earnings, revenue and operating income also surpassed estimates. SentinelOne — The cybersecurity stock shed almost 7% after the company issued a weak outlook for current-quarter and full-year earnings per share. That overshadowed a stronger-than-expected report on both lines for the second quarter. — CNBC’s Darla Mercado contributed reporting
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