Top after-hours movers: Okta, Disney, Five Below and more

Okta (OKTA): Shares fell in after-hours trading despite the company posting a narrower-than-expected loss. Okta reported an adjusted loss of 10 cents per share on revenue of $452 million. The street was expecting a loss of 31 cents on revenue of $429.8 million. Subscription for the quarter jumped 44% from a year ago to $435.4 million. Okta sees its full-year revenue between $1.81 billion to $1.82 billion, compared with the estimate of $1.82 billion. CEO and co-founder Todd McKinnon noted in the earnings release that the company is “making strategic reductions to our spend to improve profitability.”

Disney (DIS): Shares gained after hours on reports that Disney is exploring a membership program. According to the Wall Street Journal, Disney’s new program could include discounts or perks on its theme parks, merchandise, resorts and streaming services in an effort to get consumers to spend more.

Nvidia (NVDA): A warning of new export restrictions put pressure on Nvidia’s stock in…

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