Urban Outfitters, Snowflake, Synopsys: After-hours movers
Urban Outfitters (URBN) reported second quarter results that topped estimates on both the top and bottom lines. Net sales also beat expectations, hitting a record high of $1.25 billion and sending shares higher at the market close.
Additionally, Snowflake (SNOW) posted better-than-expected second quarter results, surpassing revenue estimates. The company lifted its full-year revenue outlook to $3.36 billion as a result.
Synopsys (SNPS) also exceeded estimates on both the top and bottom lines in its latest quarter, providing a boost to its full-year earnings outlook. Synopsys CEO Sassine Ghazi will join Yahoo Finance tomorrow afternoon, Thursday, August 22, to discuss the company's fiscal third quarter results.
For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.
This post was written by Angel Smith
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