Stocks making the biggest moves after hours: HP, Box, Ambarella and more

Stock Market

The Hewlett-Packard Co. logo is displayed on the window of an electronics store in New York.
Ramin Talaie | Bloomberg | Getty Images

Check out the companies making headlines in after-hours trading.

Box — The cloud stock fell 7% after hours on a mixed second-quarter report. Box’s revenue came in at $261 million, in line with Wall Street’s estimates, according to Refinitiv. However, the company posted adjusted earnings of 36 cents per share, beating analysts’ estimates by 1 cent. Box also posted weak guidance on both lines for the current quarter and for full-year revenue, according to FactSet.

Ambarella — The semiconductor maker slid nearly 14% as soft current-quarter guidance overshadowed a strong report. Though Ambarella beat expectations on both lines in the second quarter, the company said to expect $50 million in third-quarter revenue while analysts surveyed by Refinitiv anticipated $67.6 million.

HP — The product maker dropped 5.6% in extended trading after revenue for the fiscal third quarter underwhelmed Wall Street. HP posted $13.2 billion in revenue, missing the estimate from analysts polled by Refinitiv of $13.37 billion. Earnings per share came in line with expectations at 86 cents, excluding items.

Hewlett Packard Enterprise — The technology stock retreated about 1%. The company narrowly beat expectations on both lines in its fiscal third quarter. Hewlett Packard Enterprise posted adjusted earnings of 49 cents per share on revenue of $7 billion, while analysts polled by Refinitiv anticipated earnings of 47 cents per share and revenue of $6.99 billion.

PVH — The Calvin Klein parent climbed 2.6% on the heels of a strong financial report. PVH reported $1.98 in earnings per share, excluding items, on $2.21 billion in revenue, while analysts surveyed by Refinitiv forecast $1.76 per share and revenue at $2.19 billion. The company also reaffirmed its full-year revenue guidance and raised its outlook for earnings per share for the year.

Products You May Like

Articles You May Like

Muni yields rise but outperform UST selloff after FOMC rate cut
Wall Street’s fear gauge — the VIX — saw second-biggest spike ever on Wednesday
Munis sell off as macroeconomic, policy volatility weigh heavily over markets
More than half of Gen X parents worry about financially supporting their kids into adulthood, survey shows
Nvidia falls into correction territory, down more than 10% from its record close

Leave a Reply

Your email address will not be published. Required fields are marked *