Yahoo Finance's Seana Smith highlights which stocks are making moves in after-hours trading on Thursday.
- Let's take a look at some of the trending after-hours tickers for you. We have three today. We have Ulta Beauty, Marvell Technology, and Zscaler. Let's kick it off with Ulta Beauty. You're looking at gains of just around 3%. The company reporting earnings earlier in the hour, boosting their full-year net sales guidance, $9.95 billion to $10 billion is now what they're expecting. The company also boosting its full-year profit guidance. Third-quarter results reflect, quote, "sustained resilience" of the beauty category.
That's what executives said in this earnings release. Over the past three months, the company's done relatively well, up just around 11% year to date. We are now looking at gains. Look at that-- up just about 14%, bucking the downward trend that we have certainly seen in the broader markets this year.
Let's move on to Marvell Technology, a big mover here after hours, now off just about 6%, so paring some of those earlier losses in extended trading. Third-quarter profit missed expectations. Revenue also coming in a bit light. Fourth-quarter net revenue guidance did miss what the Street was looking for. Inventory reductions-- this is what the company is saying-- impacting some of the near-term results. Over the past three months, the stock just in the red, off about 1%. Over the last six months, you're looking at losses of about 21%.
Rounding it out with Zscaler, the cloud security company. That stock off nearly 10% in after-hours trading. Full-year calculated billings forecast was lagging the Street's estimates, and that is why we're off nearly 10%. When you take a look at the current quarter numbers, it actually looked relatively well for its fiscal first quarter, the company beating on both the top and bottom line. But the guidance for its calculating billing, that is what's really dragging the stock Lower past three months were essentially flat. Year to date, Zscaler off about 55%.
- Ouch. It's more than half their market cap. Thank you, Seana. Good stuff.