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Check out the companies that are making headlines after the bell:
NetApp – NetApp shares rose more than 10% in after-hours trading after the data storage company posted unexpected earnings and revenue growth. NetApp reported adjusted earnings of 73 cents per share compared to 65 cents per share last year. Analysts had expected earnings and sales to decline year-over-year, with the average analyst estimating adjusted earnings of 41 cents per share, according to Refinitiv polls.
Box – Box shares rose 7% after the regular session ended after the company raised its revenue and earnings forecast for the current fiscal year to expand its clientele to larger companies looking for cloud-based storage during the coronavirus pandemic search . In addition, adjusted earnings per share of 18 cents were reported for the second quarter, before a consensus estimate generated by Refinitiv of 12 cents.
Splunk – Splunk shares fell 2% in after-hours trading after the company's second-quarter sales fell short of Wall Street expectations. Revenue of $ 492 million disappointed analysts and investors who expected Splunk to post revenue of $ 522 million. An adjusted loss per share of 33 cents was in line with expectations.
Williams-Sonoma – Despite better-than-expected sales and earnings numbers, the homewares and culinary retailer's shares fell 6.6% over the counter. Williams-Sonoma reported adjusted earnings of $ 1.80 per share on revenue of $ 1.49 billion for the second quarter. Analysts polled by Refinitiv had expected earnings per share of USD 1.01 on sales of USD 1.47 billion.