Stocks making the biggest moves after hours: Coupa Software, GitLab and more

Finance

In this article

Employees assemble food containers on a production line at the Newell Rubbermaid factory in Mogadore, Ohio.
Ty Wright | Bloomberg | Getty Images

Check out the companies making headlines in extended trading.

Newell Brands — The parent company of brands such as Yankee Candle and Rubbermaid saw its shares fall 3.8% after hours after revising its third-quarter revenue guidance, forecasting less than what it had previously expected. The company CEO said Newell has experienced “a significantly greater than expected pullback in retailer orders and continued inflationary pressures on the consumer.”

Gitlab – The software developer’s shares ticked up by 0.04% even after the company reported a narrower-than-expected loss for its most recent quarter. Gitlab also issued better-than-expected guidance for third-quarter per-share losses and revenue.

Coupa Software — Coupa shares surged 13% after smashing earnings estimates for its most recent quarter, posting a profit of 20 cents per share compared to estimates of 9 cents per share, according to Refinitiv. Revenue for the quarter also came in better than expected. The company’s outlook for full-year earnings and revenue were strong.

Products You May Like

Articles You May Like

Why you should be wary of investing advice from celebrities like Kim Kardashian
London, Paris, Frankfurt and beyond: CNBC names Europe’s best hotels for business travel
Sorry, hard seltzer — beer companies are into canned cocktails now
‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world
FA 100: CNBC ranks the top-rated financial advisory firms of 2022

Leave a Reply

Your email address will not be published.