# Ulta Beauty Surges After Strong Third-Quarter Results
## Walt Disney Reinstates Dividend
### Marvell Technology and Elastic Also See After-Hours Gains
In after-hours trading, several companies made headlines with significant stock movements following the release of their latest financial results.
## Walt Disney
Shares of Walt Disney added about 1% after the entertainment giant reinstated its dividend at 30 cents a share. This move comes amid activist investor Nelson Peltz and his firm’s proxy fight, where he is calling for additional seats on Disney’s board.
## Ulta Beauty
Ulta Beauty shares surged more than 11% on strong third-quarter results. The company reported earnings of $5.07 per share on revenue of $2.48 billion and updated the low end of its full-year guidance. Additionally, Ulta announced that its chief financial officer will retire in April.
## Marvell Technology
The chipmaker gained nearly 3% after the bell, as it topped Wall Street’s third-quarter expectations on both the top and bottom lines. Marvell Technology posted adjusted earnings of 41 cents per share on $1.42 billion in revenue.
## Elastic
Elastic saw its shares skyrocket nearly 15% after posting revenue for the recent quarter that surpassed Wall Street’s expectations. Subscription revenue also exceeded estimates, and the company’s CEO stated that generative artificial intelligence is “driving a resurgence of interest in search.”
## Other Companies
Dell shares fell slightly after the personal computer maker reported mixed third-quarter results, while PagerDuty shares popped more than 7% after the digital operations management company lifted its full-year outlook. Ambarella shares rose more than 4% in extended trading after revenue topped expectations and the company announced its expectations for returning to revenue growth in fiscal 2025. Samsara, an Internet of Things company, jumped 13% in extended trading after posting a top-and-bottom line earnings beat and sharing upbeat guidance.
Overall, these after-hours movements reflect the market’s reaction to the latest financial results and guidance provided by these companies. Investors will continue to closely monitor these developments as they evaluate their investment decisions.
I have over 10 years of experience in the field of cryptocurrency and blockchain technology. I have attended numerous conferences and events around the world, and my work has been featured in major publications such as CoinDesk, Bitcoin Magazine, and Yahoo Finance.
