Here’s a look at the companies making headlines following the announcement: Nvidia — The chip maker gained about 4% after announcing a 10-for-1 stock split. Nvidia also beat Wall Street’s fiscal first-quarter revenue and earnings estimates and posted strong guidance for the current year quarter. Other artificial intelligence-related stocks traded higher, with Super Micro Computer and Advanced Micro Devices up more than 2% and 1%, respectively. Snowflake — Shares of the cloud computing company jumped more than 5%. Fiscal first-quarter revenue beat Street expectations at $829 million, compared with the LSEG consensus estimate of $786 million. Adjusted earnings for the period were 14 cents per share, but missed the consensus estimate by 4 cents. VF company. — Shares of the apparel and footwear company fell 9% after reporting an unexpected loss in its latest quarter and revenue that missed Wall Street estimates. VF Corp. reported a loss of 32 cents per share on revenue of $2.37 billion. Analysts polled by LSEG expected earnings of 1 cent per share on revenue of $2.41 billion. Elf Beauty. Shares of the cosmetics company fell 2% after reporting that its full-year guidance was weaker than Wall Street had hoped. Elf expects net sales to be between $1.23 billion and $1.25 billion, while analysts polled by FactSet expected $1.27 billion. The soft guidance overshadowed revenue and profit figures for the fiscal fourth quarter. Synopsys – Electronics design automation (EDA) shares fell more than 1%. Synopsys missed Wall Street estimates for fiscal second-quarter revenue and earnings, reporting adjusted earnings of $3 per share on revenue of $1.46 billion. Analysts polled by LSEG had forecast earnings of $3.03 per share and revenue $1.5 billion LiveRamp Holdings – Ad tech shares rose nearly 12% in the fiscal fourth quarter, beating analysts’ estimates, according to FactSet. LiveRamp also issued strong guidance for the current quarter and full year. The company expects full-year revenue to be between $710 million and $730 million, compared with the consensus estimate of $704.8 million. News Corp. — Shares of the owner of Dow Jones and The Wall Street Journal rose 4% after signing a multi-year agreement to host its news content on OpenAI. Cytokinetics — Shares fell 12% after the biopharmaceutical company announced a $500 million common stock offering with JPMorgan, Goldman Sachs and Morgan Stanley serving as sole joint managers. DuPont de Nemours — Shares rose about 5% after the company said it would split into three separate businesses, one focused on electronics and another focused on water filtration and purification. The third, which will house industrial solutions divisions including adhesives, will be the new DuPont. CEO Ed Breen also plans to retire on June 1 and will be replaced by CFO Laurie Koch. Breen will become executive chairman of the board of directors. — CNBC’s Darla Mercado, Sarah Min, Scott Schnipper and Christina Cheddar-Burke contributed reporting.
