After-Hours Stock Movers 05/19: Palo Alto Ramps on Strong Results; Ross Stores Plunges (more...)

May 19, 2022 6:08 PM EDT

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After-Hours Stock Movers

Foghorn Therapeutics Inc. (Nasdaq: FHTX) 28% LOWER; announced the Food and Drug Administration (FDA) has placed the Phase 1 dose escalation study of FHD-286 in relapsed and/or refractory acute myelogenous leukemia (AML) and myelodysplastic syndrome (MDS) on a partial clinical hold. The partial clinical hold was initiated by the FDA following the report of a recent death that occurred in a subject with potential differentiation syndrome. Differentiation syndrome is associated with AML/MDS therapeutics that induce differentiation, an effect that is believed to be on-target for the proposed mechanism of action for FHD-286. The FDA has requested a review of the safety database, risk mitigation strategies and a breakdown of clinical activity across dose levels.

Ross Stores (NASDAQ: ROST) 23% LOWER; reported Q1 EPS of $0.97, $0.03 worse than the analyst estimate of $1.00. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.53 billion. Ross Stores sees Q2 2022 EPS of $0.99-$1.04, versus the consensus of $1.33. Ross Stores sees FY2022 EPS of $4.34-$4.58, versus the consensus of $5.02.

Deckers Brands (NYSE: DECK) 13% HIGHER; reported Q4 EPS of $2.51, $1.20 better than the analyst estimate of $1.31. Revenue for the quarter came in at $736 million versus the consensus estimate of $639.2 million. Deckers Brands sees FY2023 EPS of $17.40-$18.25, versus the consensus of $18.34. Deckers Brands sees FY2023 revenue of $3.45-3.5 billion, versus the consensus of $3.45 billion.

Palo Alto Networks (NASDAQ: PANW) 10% HIGHER; reported Q3 EPS of $1.79, $0.11 better than the analyst estimate of $1.68. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.36 billion. Palo Alto Networks sees Q4 2022 EPS of $2.26-$2.29, versus the consensus of $2.22. Palo Alto Networks sees Q4 2022 revenue of $1.53-1.55 billion, versus the consensus of $1.53 billion.

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) 4% HIGHER; gains on Palo Alto Networks' strong results.

Zscaler, Inc. (NASDAQ: ZS) 4% HIGHER; gains on Palo Alto Networks' strong results.

V.F. Corp. (NYSE: VFC) 3% HIGHER; reported Q4 EPS of $0.45, $0.01 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.84 billion. V.F. Corp. sees Q1 2023 EPS of $3.30-$3.40, versus the consensus of $3.20. Total VF revenue up at least 7% in constant dollars

Applied Materials (NASDAQ: AMAT) 2% LOWER; reported Q2 EPS of $1.85, $0.05 worse than the analyst estimate of $1.90. Revenue for the quarter came in at $6.25 billion versus the consensus estimate of $6.37 billion. Applied Materials sees Q3 2022 EPS of $1.59-$1.95, versus the consensus of $2.04. Applied Materials sees Q3 2022 revenue of $6.25 billion, versus the consensus of $6.73 billion.

DoorDash, Inc. (NASDAQ: DASH) 1% HIGHER; announces $400 million stock buyback.



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