**Disney Reinstates Dividend, Ulta Beauty Surges, Marvell Gains: After-Hours Stock News**
After the bell, several companies made headlines with their stock performance. Here’s a look at the latest after-hours movements in the market.
***Disney Reinstates Dividend***
Shares of entertainment giant Walt Disney saw a 1% increase after the company announced the reinstatement of its dividend at 30 cents a share. This decision comes amid activist investor Nelson Peltz and his firm’s proxy fight, in which Peltz is calling for additional seats on Disney’s board.
***Ulta Beauty Surges on Strong Q3 Results***
Ulta Beauty shares surged more than 11% following the release of strong third-quarter results. The company reported earnings of $5.07 per share on revenue of $2.48 billion. Additionally, Ulta updated the low end of its full-year guidance. The announcement also included news of the upcoming retirement of Ulta’s chief financial officer in April.
***Marvell Technology Exceeds Expectations***
Chipmaker Marvell Technology experienced a nearly 3% gain after posting third-quarter results that topped Wall Street’s expectations. The company reported adjusted earnings of 41 cents per share on $1.42 billion in revenue. This positive performance on both the top and bottom lines contributed to the after-hours uptick in Marvell’s stock price.
***Elastic Soars on Revenue Beat***
Elastic saw its shares skyrocket nearly 15% after the company announced revenue for the recent quarter that surpassed Wall Street’s expectations. Additionally, subscription revenue exceeded StreetAccount estimates, prompting the company’s CEO to highlight the role of generative artificial intelligence in driving a resurgence of interest in search.
***Dell Reports Mixed Third-Quarter Results***
Dell’s shares fell slightly after the personal computer maker reported mixed third-quarter results. Although the company exceeded adjusted earnings expectations by 41 cents a share, its revenue fell short of the anticipated $23 billion.
***PagerDuty Lifts Full-Year Outlook***
PagerDuty shares popped more than 7% after the digital operations management company lifted its full-year outlook. The company now anticipates earnings per share, excluding items, to range between 72 cents and 73 cents for the year, compared to its prior guidance of 60 cents to 65 cents.
***Ambarella and Samsara See After-Hours Gains***
Ambarella shares rose more than 4% in extended trading after the company announced that its revenue had exceeded expectations. Additionally, management expressed confidence in the company’s anticipated return to revenue growth in fiscal 2025. The Internet of Things company Samsara also jumped 13% in extended trading after posting a top-and-bottom line earnings beat and sharing upbeat guidance for the fourth quarter.
These after-hours movements demonstrate the continued volatility and investor activity in the stock market, with companies experiencing both positive and negative reactions to their latest financial updates.
