Stocks making the biggest moves after hours: Zoom Communications, Kohl’s, Semtech and more
Check out the companies making headlines after the bell : Zoom Communications — The maker of video calling software is lower by 1%. Zoom topped Wall Street quarterly estimates and posted fiscal fourth-quarter adjusted earnings per share guidance that was roughly in line with estimates. The company also said it changed its name to Zoom Communications from Zoom Video Communications. Kohl’s — The retail stock dropped 6% after announcing its CEO would step down in January . Ashley Buchanan, who currently leads crafts store owner The Michaels Companies, is set to replace current CEO Tom Kingsbury. Agilent Technologies — Shares slumped 1.3% after the laboratory equipment company issued adjusted earnings guidance for the full year and current quarter that fell short of Wall Street’s estimates, per LSEG. Nevertheless, fiscal fourth-quarter results bested analysts’ forecasts on the top and bottom lines. Semtech — The semiconductor manufacturing name rallied more than 13% on better-than-expected quarterly results. Adjusted earnings came in 3 cents ahead of the 23 cents expected by analysts polled by LSEG. The company also issued strong fourth-quarter guidance. Woodward — Shares of the industrials and aerospace machinery maker surged more than 10% on stronger-than-expected fiscal fourth-quarter results. Woodward said it hit record sales due to strong end-market demand. Fluence Energy — The energy storage stock rose nearly 1%. Fluence posted mixed fiscal fourth-quarter results. Fluence said it expects revenue to range between $3.6 billion and $4.4 billion in the new year, versus a FactSet estimate of $3.95 billion.
