Here’s a look at the companies making headlines after the bell: Nvidia – The chipmaker’s shares rose about 4% after announcing a 10-for-1 stock split. Nvidia also beat Wall Street expectations for its fiscal first-quarter revenue and profit and issued strong guidance for the quarter. Other AI-related stocks also moved higher, with Advanced Micro Computer Corp. and Advanced Micro Devices Inc. rising more than 2% and 1%, respectively. Snowflake — Shares of the cloud computing company rose more than 5%. Fiscal first-quarter revenue came in at $829 million, beating Wall Street expectations, while the consensus estimate was $786 million, according to LSEG. However, adjusted earnings per share for the period came in at 14 cents, 4 cents below consensus estimates. VF Corp — Shares of VF Corp fell 9% after the apparel and footwear company reported an unexpected loss in its latest quarter and revenue that fell short of Wall Street estimates. VF Corp lost 32 cents per share on revenue of $2.37 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of 1 cent per share on revenue of $2.41 billion. Elf Beauty — Shares fell 2% after the cosmetics company reported full-year guidance that missed Wall Street expectations. Elf expects net sales to be between $1.23 billion and $1.25 billion, while analysts polled by FactSet expected $1.27 billion. The weak outlook overshadowed revenue and profit growth in the fiscal fourth quarter. Synopsys — Electronic design automation stock fell more than 1%. Synopsys’ second-quarter revenue and profit missed Wall Street expectations, with adjusted earnings per share of $3 and revenue of $1.46 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $3.03 per share on revenue of $1.5 billion. LiveRamp Holdings — The ad tech stock’s fiscal fourth-quarter results rose nearly 12%, beating analysts’ expectations, according to FactSet. LiveRamp also issued strong guidance for the current season and full year. The company expects revenue this year to be between $710 million and $730 million, compared with the consensus estimate of $704.8 million. News Corp. – The owner of Dow Jones and the Wall Street Journal signed a multi-year agreement to make its news content available on OpenAI, sending shares up 4%. Cytokinetics — The biopharmaceutical company announced a $500 million common stock offering, with JPMorgan Chase, Goldman Sachs and Morgan Stanley acting as sole joint bookrunners. The company’s shares fell 12%. DuPont De Nemours — Shares of DuPont De Nemours rose about 5% after the company said it will split into three separate businesses, with one focusing on electronics and another on water filtration and purification. The third plant, which will house its industrial solutions business, including adhesives, will become the new DuPont. Chief Executive Ed Breen also plans to resign on June 1, to be replaced by Chief Financial Officer Lori Koch. Breen will become executive chairman of the board. —CNBC’s Darla Mercado, Sarah Min, Scott Schnipper and Christina Cheddar-Berk reported
