After-hours trading brought a flurry of activity, spotlighting several companies with movements worth noting. Marvell Technology took a significant dive, with its shares dropping around 13%. The semiconductor solutions firm reported adjusted earnings of 60 cents per share on a revenue stream reaching $1.82 billion for its fiscal fourth quarter. This performance slightly outpaced analyst predictions from LSEG, who anticipated earnings of 59 cents per share on $1.80 billion revenue. Even with guidance for the upcoming quarter nudging slightly above estimates, the market’s reaction was less than enthusiastic. The dip didn’t just affect Marvell; chip industry peers like Broadcom and Micron Technology felt some of the heat as well.
Meanwhile, Zscaler delighted its investors. As a cloud security company, it saw a 4% increase in shares, fueled by its strong quarterly results. Reporting 78 cents per share in adjusted earnings on $648 million in revenue, Zscaler outshone forecasts. Analysts expected 69 cents earnings per share and $636 million in revenue, making this a solid beat.
Over in the retail sector, Victoria’s Secret experienced a 5% decline. The lingerie retailer’s guidance for Q1 revenue came in between $1.30 billion and $1.33 billion, while analysts were eyeing a more ambitious $1.39 billion. Despite this cautious outlook, the company’s revenue in the fourth quarter exceeded expectations, providing some positive context.
Grindr, known for its gay dating app, saw its shares fall by approximately 12%. The company’s annual report reflected a net loss of $131.0 million, significantly wider than the prior year’s loss of $55.8 million. This substantial increase in losses wasn’t well-received by investors.
Lastly, MongoDB didn’t fare too well either, with stock tumbling nearly 18%. Their projected guidance for the fiscal year ending in January 2026 left much to be desired by Wall Street. With expected adjusted earnings ranging from $2.44 to $2.62 per share, the figures fell short of the consensus estimate pegged by FactSet at $3.38 per share. Overall, it was a day of mixed emotions on the trading floor.
