After-Hours Market Movers: Snowflake, Zoom, and Urban Outfitters Lead the Pack

In after-hours trading Wednesday, several major stocks showed significant movement following key earnings reports and market updates.

Snowflake (SNOW) surged after the cloud data platform reported better-than-expected earnings and strong revenue growth. Investors reacted positively to the company’s optimistic guidance, highlighting Snowflake’s expanding customer base and continued momentum in the data analytics space.

On the downside, Zoom Video Communications (ZM) saw a dip in after-hours trading despite posting solid quarterly results. The video conferencing giant’s cautious outlook amid increasing competition and shifting enterprise priorities weighed on investor sentiment.

Urban Outfitters (URBN) also experienced notable after-hours activity after announcing quarterly earnings that exceeded Wall Street estimates. The apparel retailer’s better-than-expected same-store sales and effective inventory management contributed to the upbeat reaction.

Other notable movers include Moderna, which gained on vaccine sales updates, and D.R. Horton, impacted by housing market concerns.

Investors are closely watching these stocks as companies navigate evolving market conditions and try to set the stage for the upcoming earnings season.