After-hours stock movers: Salesforce, UiPath, Capri, Pure Storage and others
Check out the companies making headlines in extended trading:
After missing consensus revenue estimates by $370 million, shares of the company dropped more than 14%. Despite beating earnings estimates by $6 million, the company's current-quarter guidance fell below expectations on both the revenue and earnings fronts.
The software company's stock price dropped 30% following the announcement that CEO Rob Enslin would resign, effective June 1. In addition to stepping down as CEO, Enslin will also relinquish his position on the board of directors. Daniel Dines, who previously served as CEO of UiPath and is currently the company's chief innovation officer, will take over as CEO.
LSEG reported that HP's personal computer manufacturer experienced a 3% increase in earnings. In its fiscal second quarter, HP posted adjusted earnings of 82 cents per share on revenue of $12.8 billion, surpassing analysts' expectations of 81 cents a share and $12.6 billion in revenue.
Pure Storage outperformed analysts' expectations with 32 cents in adjusted earnings on $693.5 million in revenue, resulting in a 1% rise for the software company.
Okta's second-quarter revenue guidance range of $631 million to $633 million exceeded the consensus estimate of $616 million, resulting in a nearly 2% increase in the digital identity verification company's stock price after top- and bottom-line numbers surpassed analysts' estimates in the first quarter.
The Versace and Jimmy Choo fashion group experienced a 3% decline in stock price after their fiscal fourth-quarter results failed to meet analysts' expectations. Capri reported adjusted earnings of 42 cents a share, which was lower than the estimated 65 cents by analysts. Additionally, the group's revenue of $1.22 billion was below the forecasted $1.30 billion. Management attributed the decline in demand for luxury goods and the slowdown in Asia to the missed estimates.
The artificial intelligence software company's shares surged over 8% following the release of quarterly results that exceeded expectations. Despite reporting an adjusted loss of 11 cents per share on $86.6 million in revenue, C3.ai outperformed consensus estimates of a 30-cent loss on $84.4 million in revenue. Additionally, full-year revenue forecasts surpassed expectations.
American Eagle Outfitters' shares dropped nearly 6% after its first-quarter revenue missed estimates and it issued weak forward guidance. Despite beating earnings estimates, the clothing retailer reported $1.14 billion in revenue, lower than the average analyst estimate of $1.15 billion, according to LSEG data. Full-year revenue guidance was in a range of 2% to 4%, compared to forecasts for 3.4%.
The life sciences company experienced a 14% decline after adjusting full-year earnings and revenue projections. Agilent forecasted earnings per share between $5.15 and $5.25, down from the previous guidance of $5.44 to $5.55. Additionally, revenue guidance was revised to between $6.42 billion and $6.50 billion, compared to the prior range of $6.71 billion to $6.81 billion. Despite this, fiscal second-quarter earnings exceeded expectations, while revenue fell slightly below the consensus estimate.
The cloud computing company experienced a 14% decline after predicting its fiscal fourth-quarter revenue forecast of $530 million to $540 million, which fell short of analysts' expectations of $546 million. Additionally, the full-year revenue guidance of $2.13 billion to $2.14 billion was lower than prior forecasts of $2.12 billion to $2.15 billion and consensus estimates of $2.14 billion, according to FactSet.
— CNBC's Darla Mercado contributed reporting.
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