Stocks making the biggest moves after hours: Oracle, Vail Resorts, Advance Auto Parts and more

Oracle’s impressive fiscal fourth-quarter performance sent its stock soaring after hours.

Its cloud services and license support business, the company’s major revenue source, experienced a substantial 12% surge.

Oracle’s strong showing highlights the growing demand for cloud-based services.

In contrast, Vail Resorts’ stock tumbled over 3% after the ski resort operator’s earnings report fell short of expectations on both top and bottom lines.

The company also lowered its annual guidance due to diminished snowfall across Western North American resorts.

This underscores the impact of weather-dependent businesses on financial performance.

Asana, a work management platform, witnessed a slight uptick in after-hours trading following better-than-anticipated fiscal fourth-quarter results.

Asana surpassed earnings estimates by 6 cents per share and posted revenue of $117 million, topping analysts’ projections.

This suggests Asana’s platform continues to gain traction in the competitive work management market.

Finally, Advance Auto Parts saw a modest rise in its stock price after Third Point and Saddle Point, two activist investors, disclosed a stake in the company and secured three board seats in a settlement agreement.

This development indicates that investors expect Third Point and Saddle Point to push for changes in Advance Auto Parts’ strategies or operations to improve shareholder returns.