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Chewy, Verint, GameStop, and Other Stocks Experience Significant After-Hours Movement

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Stocks Making Waves in After-Hours Trading: ChargePoint, Verint, Chewy, GameStop, and Braze

Several companies are grabbing attention in after-hours trading. Let's take a closer look at their performance:

ChargePoint Holdings

Shares of electric vehicle infrastructure company ChargePoint dipped 1% after falling short of revenue expectations for the third quarter. With revenue at $110 million, analysts had anticipated $122 million. Additionally, ChargePoint reported a loss of 43 cents per share.

Verint Systems

Customer engagement company Verint witnessed a nearly 10% surge in shares following an impressive third-quarter earnings and revenue beat. Verint reported adjusted earnings of 65 cents per share, surpassing analysts' expectations of 57 cents per share. Revenue came in at $218.5 million, higher than the projected $215.9 million. The company also reaffirmed its full-year 2024 guidance.


Online pet products retailer Chewy experienced a 9.3% decline in after-hours trading due to a weak forecast for fourth-quarter net sales. Chewy expects net sales of $2.78 billion to $2.8 billion, falling short of analysts' projection of $2.93 billion. The company also posted a wider loss than expected, and its revenues fell below estimates.


Video game retailer GameStop saw a 3% drop in shares after reporting lower net sales compared to the same period last year. Net sales for the third quarter were $1.078 billion, down from $1.186 billion in the corresponding period a year ago.


Customer engagement platform Braze witnessed a 5% jump in shares after surpassing analyst expectations in the third quarter. Braze reported a loss of 5 cents per share (excluding items), outperforming the projected loss of 13 cents per share. Revenue for the period was $124 million, exceeding expectations of $117.3 million. These notable movements in after-hours trading highlight the market's response to the performance of these companies. Investors and analysts will continue to monitor their progress in the coming days.

After-Hours Trading: Implications for New Business Formation

Recent after-hours trading trends highlight the market's response to various companies' performance, which could have implications for new business formation.

ChargePoint Holdings and the EV Market

ChargePoint's shares dipped after missing revenue expectations, indicating potential challenges in the electric vehicle infrastructure market. New businesses in this sector must be cognizant of these hurdles and strategize accordingly to meet market expectations and maintain investor confidence.

Verint Systems and Customer Engagement

Verint Systems' shares surged following a successful third quarter, underscoring the market's demand for effective customer engagement solutions. This trend suggests opportunities for new businesses aiming to innovate in this space.

Chewy and the Online Retail Market

Chewy's decline in after-hours trading due to a weak sales forecast highlights the competitive nature of the online retail market. New businesses must carefully forecast and manage their growth strategies to meet investor expectations and stay competitive.

GameStop and the Gaming Industry

GameStop's drop in shares after reporting lower net sales year-over-year indicates potential challenges in the gaming industry. New businesses must be prepared to navigate these challenges and adapt to market trends.

Braze and Customer Engagement Platforms

Braze's share jump after surpassing analyst expectations signals a positive market response to successful customer engagement platforms. This could present opportunities for new businesses looking to enter this sector. These trends in after-hours trading provide valuable insights for new businesses, highlighting the importance of meeting market expectations and staying attuned to industry trends.
Story First Published at: https://www.cnbc.com/2023/12/06/stocks-making-the-biggest-moves-after-hours-chwy-vrnt-gme-and-more.html
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