Several companies made headlines in extended trading, with Salesforce seeing shares plunge more than 14% after first-quarter revenue missed estimates. Despite beating adjusted earnings estimates, the current-quarter guidance fell below expectations. UiPath also experienced a significant drop in its stock price, falling 30% after the CEO announced his resignation. HP Inc., on the other hand, saw its stock rise 3% after posting strong second-quarter results, with adjusted earnings and revenue surpassing analysts’ estimates. Pure Storage also saw a slight increase in its stock price after reporting better-than-expected fiscal first-quarter earnings.
Okta, a digital identity verification company, added nearly 2% after beating analysts’ estimates in both revenue and earnings for the first quarter. The company’s second-quarter revenue guidance was also higher than expected. In contrast, Capri, the fashion group that owns Versace and Jimmy Choo, saw its stock drop 3% after reporting fourth-quarter results that missed analysts’ estimates. C3.ai, an artificial intelligence software company, saw shares climb more than 8% after reporting quarterly results above expectations, including full-year revenue forecasts that beat estimates.
American Eagle Outfitters experienced a nearly 6% drop in its stock price after reporting first-quarter revenue that missed estimates and issuing weak forward guidance. Agilent Technologies also took a hit, with shares tumbling 14% after lowering full-year earnings and revenue guidance. While fiscal second-quarter earnings exceeded estimates, revenue fell below expectations. Nutanix, a cloud computing company, saw shares tumble 14% after issuing a fiscal fourth-quarter revenue forecast that missed analysts’ estimates. Full-year revenue guidance was also lower than previously expected and consensus estimates.
Overall, the earnings reports and guidance provided by these companies resulted in varied reactions from investors, with some stocks rising while others fell significantly. It is important for investors to closely monitor the performance of these companies and understand the factors influencing their stock prices. The market is constantly reacting to new information and developments, making it essential to stay informed and up to date on the latest news and financial data. Investors should assess the underlying reasons for the stock movements and make informed decisions based on thorough analysis and research.
