CRM, PATH, CPRI, etc.
The Salesforce logo is on display at the Salesforce Tower in New York City on March 7, 2019.
Brendan McDermid | Reuters
See which companies are making headlines in expansion deals.
sales — LSEG shares plunged more than 14% after first-quarter revenue of $9.13 billion missed consensus estimates of $9.17 billion. Adjusted earnings per share of $2.44 beat the consensus estimate of $2.38, but guidance for the quarter was below estimates on both the top and bottom lines.
Ui Pass — The software company plunged 30% after CEO Rob Enslin said he would step down effective June 1. He will also step down from the board. Daniel Dines, UiPath’s former CEO and current Chief Innovation Officer, will return to the helm.
HP Corporation — Personal computer manufacturers rose 3%. According to LSEG, HP reported 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 and revenue of $12.6 billion.
Pure Storage — The software company rose 1% on better-than-expected fiscal first-quarter earnings. Pure Storage posted adjusted earnings of 32 cents per share on revenue of $693.5 million. Analysts surveyed by LSEG had expected earnings of 21 cents per share on revenue of $681 million.
Okta — The digital identity verification company added nearly 2% after its first-quarter revenue and profit numbers topped analyst estimates. Okta’s second-quarter revenue guidance ranged from $631 million to $633 million, beating the consensus estimate of $616 million, according to LSEG data.
capri — Versace and Jimmy Choo Fashion Group fell 3% after fiscal fourth-quarter results missed analysts’ estimates. Capri reported adjusted earnings of 42 cents per share, compared with analysts’ estimate of 65 cents, according to LSEG. Sales were also $1.22 billion, below expectations of $1.3 billion. Management cited slowing demand for luxury goods and a slowing Asian economy.
C3.ai — Shares of the artificial intelligence software company rose more than 8% after the company reported quarterly results that topped expectations. C3.ai had an adjusted loss of 11 cents per share on revenue of $86.6 million. Consensus estimates called for a loss of 30 cents on revenue of $84.4 million, according to LSEG. Full-year revenue forecasts also beat expectations.
American Eagle Outfitters — Shares fell nearly 6% after the clothing retailer missed expectations for first-quarter sales and issued a weak forecast. American Eagle Outfitters’ revenue was $1.14 billion, below analysts’ average estimate of $1.15 billion, according to LSEG data. Revenues topped expectations, but full-year revenue guidance was in the 2% to 4% range compared to forecasts of 3.4%.
Agilent Technology — The life sciences company fell 14% after lowering its full-year revenue and revenue guidance. Agilent forecast earnings per share of $5.15 to $5.25, compared with its previous guidance of $5.44 to $5.55, according to FactSet. Sales guidance was also lowered from the previous guidance of $6.71 billion to $6.81 billion to $6.42 billion to $6.5 billion. Meanwhile, fiscal second-quarter results topped expectations, while sales came in slightly below consensus estimates.
Nutanix — The cloud computing company fell 14% after reporting fiscal fourth-quarter revenue forecasts of $530 million to $540 million, missing analysts’ estimates of $546 million. Per FactSet, 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.
— CNBC’s Darla Mercado contributed reporting.