Stocks to Watch: Salesforce, Funko, Snowflake, Okta
01 Março 2023 - 08:46PM
Dow Jones News
By Kathryn Hardison
Salesforce Inc. on Wednesday forecast its profitability would
increase in the coming year as the business-software provider faces
activist shareholders focused on spending levels. Shares rallied
15% in after-hours trading.
Funko Inc. reported a wider-than-expected loss in the fourth
quarter and guided for first-quarter revenue below Wall Street
estimates. The pop culture lifestyle brand also faces a glut of
inventory that will weigh on results in the 1H. Shares tumbled 27%
in after-hours trading.
Snowflake Inc. reported a surge in fourth-quarter revenue as it
added more customers, though the data cloud company guided for
fiscal first-quarter product revenue to come in below consensus.
Shares fall 7.1% in after-hours trading.
Okta Inc. reported a narrower loss and beat revenue estimates in
the fourth quarter while issuing an outlook for the first quarter
and 2024 above Wall Street's estimates. Shares gained 13% in
after-hours trading.
Write to Kathryn Hardison at kathryn.hardison@wsj.com
(END) Dow Jones Newswires
March 01, 2023 18:31 ET (23:31 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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