The Salesforce logo is displayed on the Salesforce Tower in New York City on March 7, 2019.
Brendan Mcdermid | Reuters
Check out the companies making headlines in extended trading:
Foreclosure – Shares fell more than 14% after first-quarter revenue of $9.13 billion missed consensus estimates of $9.17 billion, according to LSEG. Adjusted earnings of $2.44 per share beat the consensus estimate of $2.38, but guidance for the current quarter fell short of estimates for both revenue and profit.
UiPath – The software company plunged 30% after announcing that its CEO Rob Enslin will resign effective June 1. He will also resign from the board. Daniel Dines, former CEO of UiPath and current Chief Innovation Officer, will return to the helm.
HP Inc. — The personal computer maker rose 3%. According to LSEG, HP posted adjusted earnings of 82 cents per share on revenue of $12.8 billion in the fiscal second quarter, beating analysts’ estimates of 81 cents per share on revenue of $12.6 billion .
Pure storage — The software company rose 1% as first-quarter earnings came in better than expected. Pure Storage posted 32 cents a share of adjusted earnings on revenue of $693.5 million. Analysts polled by LSEG had forecast 21 cents per share on revenue of $681 million.
Okta – The digital identity verification company rose nearly 2% after first-quarter revenue and profit beat analysts’ estimates. Okta’s second-quarter revenue forecast of $631 million to $633 million also beat the consensus estimate of $616 million, according to LSEG data.
capri – Fashion group Versace and Jimmy Choo fell 3% after fiscal fourth-quarter results fell short of analysts’ estimates. According to LSEG, Capri reported adjusted earnings of 42 cents per share, while analysts had estimated 65 cents per share. Sales of $1.22 billion also missed forecasts of $1.30 billion. Management cited slowing demand for luxury goods and a slowdown in Asia.
C3.ai – Shares of the artificial intelligence software company rose more than 8% after quarterly results beat estimates. C3.ai lost an adjusted 11 cents per share on revenue of $86.6 million. Consensus estimates were for a loss of 30 cents on revenue of $84.4 million, according to LSEG. Sales forecasts for the full year also exceeded estimates.
American Eagle Outfitters – Shares fell nearly 6% after the clothing retailer’s first-quarter sales fell short of estimates and it gave weak guidance for the future. American Eagle Outfitters reported revenue of $1.14 billion, below the average analyst estimate of $1.15 billion, according to LSEG data. Earnings beat estimates, but full-year revenue guidance was 2% to 4%, compared with forecasts of 3.4%.
Agilent Technologies – The life sciences company slumped 14% after cutting full-year profit and revenue forecasts. According to FactSet, Agilent forecast earnings per share between $5.15 and $5.25, compared to its previous forecast of $5.44 to $5.55. Revenue guidance was also lowered to $6.42 billion to $6.50 billion, compared to the previous forecast of $6.71 billion to $6.81 billion. Meanwhile, fiscal second-quarter earnings beat estimates, while revenue fell just short of consensus estimate.
Nutanix – The cloud computing company plunged 14% after reporting fiscal fourth-quarter revenue guidance of $530 million to $540 million, missing analysts’ estimates of $546 million. Full-year revenue guidance is $2.13 billion to $2.14 billion, compared to 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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