Premarket movers: Snowflake, Five Below surge after strong earnings
Snowflake shares jumped more than 23% in premarket trading after the company posted second-quarter results that topped expectations and raised its full-year outlook. Adjusted earnings came in at 62 cents a share, beating estimates of 45 cents, while revenue rose 35% year-over-year to $1.55 billion.
Why it matters: Five Below shares rose about 4% after the retailer's fiscal second-quarter results beat expectations across the board, and it authorized a new $600 million buyback program.
Stocks making the biggest moves after hours: Snowflake, Broadcom, Netskope, Five Below & more
The CNBC article reports on the stocks making the biggest moves after hours, highlighting Snowflake, Broadcom, Netskope, and Five Below. The piece was published on Wednesday, September 2, 2026, at 4:51 PM EDT and updated at 6:15 PM EDT.
Why it matters: Key stocks discussed include Snowflake (SNOW), Broadcom (AVGO), Netskope (NETSK), and Five Below (FIVE).