Stocks trending after hours: Salesforce, Okta, Snowflake and more

Salesforce (CRM): Salesforce co-CEO and vice chair Bret Taylor is stepping down as of January 31, 2023, the company announced in its earnings release Wednesday. Co-founder Marc Benioff will become Salesforce’s solo CEO.

For its third quarter, Salesforce reported adjusted earnings of $1.40 per share on revenue of $7.84 billion, topping the Street’s estimates on the top and bottom lines. Despite the beat, shares fell in extended trading after the company’s fourth-quarter revenue guidance range of $7.9 billion to $8.03 billion missed analyst expectations.

Okta (OKTA): Shares jumped in after-hours trading after the company’s fourth quarter adjusted earnings guidance of 9 cents to 10 cents a share blew past analyst’s estimate for a loss of 11 cents per share.

The company reported third quarter total revenue of $481 million, an increase of 37% from a year ago. Subscription revenue was $466 million, up 38% year-over-year.

Snowflake (SNOW): Shares of Snowflake fell after the company’s…

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