After-hours movers: Rubrik tumbles 10%, Gap surges 9% after earnings

Several U.S. stocks moved sharply after hours following quarterly earnings and guidance updates. Workday dropped 5% despite adjusted fiscal Q2 earnings per share of $2.75 and revenue of $2.65 billion, as fiscal Q3 2027 subscription revenue guidance of $2.515 billion implied 12% growth and a modest slowdown in enterprise software seat expansions. Autodesk fell 6% after reporting adjusted EPS of $3.30 and revenue of $2.05 billion, with full-year fiscal 2027 EPS guidance of $12.52-$12.60 landing below expectations at the midpoint. SentinelOne slid 3% despite EPS of $0.08 and revenue of $292 million, after forecasting fiscal 2027 EPS of $0.30-$0.32 versus the $0.35 consensus. Rubrik tumbled 10% in a sell-the-news reaction even after a major Q2 beat and higher full-year sales guidance of $1.69 billion. Marvell declined 2% despite Q3 revenue guidance of $3.15 billion, above the $3.04 billion consensus, as its inline EPS outlook encouraged profit-taking. Ulta Beauty rose 2% after reporting EPS of $6.55 on $3.0 billion in revenue and reaffirming fiscal 2027 EPS guidance of $28.70-$29.00. Gap surged 9% after posting EPS of $0.52 on $3.7 billion in revenue and issuing fiscal 2026 EPS guidance of $2.35-$2.45. Affirm shares surged after reporting fiscal Q4 EPS of $4.62, far above the $0.85 consensus, on $1.17 billion in revenue, while forecasting Q1 revenue of $1.19-$1.22 billion. Its buy-now-pay-later (BNPL) platform cited merchant network expansion and higher transaction volumes as drivers of gross merchandise volume (GMV) growth.

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