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Here are some of the stocks moving in after-hours trading.
Shares of Super Micro Computer (SMCI) are falling sharply after releasing disappointing preliminary third quarter results.
Booking Holdings (BKNG) posted Q1 revenue that topped estimates, but the company's CEO warned of "uncertainty in the market."
Qorvo (QRVO) shares jumped after posting fourth quarter results that were better than analysts had expected.
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Super Micro Computer, providing a business update and preliminary financial results for the third quarter. Company noting during the quarter, some delayed customer platform decisions moved sales into the fourth quarter. Super Micro's preliminary results show net sales and earnings falling short of the street's expectations. Gross margin for the third quarter also lower by 220 basis points compared to the second quarter, primarily due to higher inventory reserves. Shares of Booking Holdings, they're falling after hours. The company reporting revenue for the first quarter that did beat analysts estimates, that coming in at 4.76 billion, up 7.9% year over year. The CEO saying in the release that there is quote uncertainty in the market. And Corvo, top and fourth quarter earnings and adjusted revenue estimates, company's first quarter earnings outlook falling short of expectations. However, Corvo's revenue outlook did top Wall Street's estimates. Corvo CEO saying the company is focused on its operational objectives as it monitors ongoing macroeconomic factors.
