The Salesforce logo was displayed at Salesforce Tower in New York City on March 7, 2019.
Brendan McDiarmid | Reuters
Let’s take a look at some of the companies that are garnering attention in extended trading.
Salesforce — LSEG said its shares fell more than 14% after it reported first-quarter sales of $9.13 billion, below the consensus estimate of $9.17 billion. Adjusted earnings per share of $2.44 beat the consensus estimate of $2.38, but current-quarter guidance fell short of expectations on both sales and earnings.
UI Pass — The software company saw its shares fall 30% after it announced that CEO Rob Ensslin would step down, effective June 1. He will also step down from the board of directors. Daniel Dines, former CEO of UiPath and current chief innovation officer, will return to the helm.
HP Corporation — Shares in the personal computer maker rose 3%. HP reported second-quarter adjusted earnings of 82 cents a share on sales of $12.8 billion, beating analyst expectations of 81 cents a share on sales of $12.6 billion, according to LSEG.
Pure Storage — The software company rose 1% after a better-than-expected first-quarter profit. Pure Storage posted adjusted earnings of 32 cents a share on revenue of $693.5 million. Analysts surveyed by LSEG had expected adjusted earnings of 21 cents a share on revenue of $681 million.
Octa Shares of the digital identity verification company rose about 2% after first-quarter sales and profits beat analysts’ expectations. Okta now expects second-quarter revenue of $631 million to $633 million, according to LSEG data, beating the consensus estimate of $616 million.
Capri — The Versace and Jimmy Choo fashion group saw its shares fall 3% after its fourth-quarter results missed analysts’ expectations. LSEG said Capri reported adjusted earnings per share of 42 cents, compared with analysts’ expectations of 65 cents. Revenue also fell to $1.22 billion, below expectations of $1.3 billion. Management blamed the decline on softening demand for luxury goods and an economic slowdown in Asia.
C3.ai — Shares in the artificial intelligence software company rose more than 8% after it reported better-than-expected quarterly results. C3.ai posted an adjusted loss of 11 cents a share on revenue of $86.6 million. LSEG said the consensus estimate was for a loss of 30 cents on revenue of $84.4 million. Its full-year revenue outlook also beat expectations.
American Eagle Outfitters — Shares fell nearly 6% after the clothing retailer reported weaker-than-expected first-quarter earnings and issued a weak future outlook. American Eagle Outfitters reported revenue of $1.14 billion, below analysts’ average forecast of $1.15 billion, according to LSEG data. Revenue beat expectations, but full-year revenue guidance was in the range of 2% to 4%, versus expectations of 3.4%.
Agilent Technologies — Shares of the life sciences company fell 14% after it lowered its full-year profit and sales outlook. Agilent lowered its earnings per share to a range of $5.15 to $5.25, versus a previous outlook of $5.44 to $5.55, according to FactSet. It also lowered its revenue outlook to $6.42 billion to $6.5 billion, versus a previous outlook of $6.71 billion to $6.81 billion. Meanwhile, second-quarter profit beat expectations, but revenue came in slightly below consensus estimates.
Nutanix — Shares of the cloud-computing company fell 14% after the company said it expected fourth-quarter revenue of $530 million to $540 million, below analysts’ expectations of $546 million. Full-year revenue guidance was $2.13 billion to $2.14 billion, below previous expectations of $2.12 billion to $2.15 billion and the consensus estimate of $2.14 billion, according to FactSet.
—CNBC’s Darla Mercado contributed reporting.
