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

Stock Market

In this article

Salesforce
Noam Galai | Getty Images

Here are the stocks making notable moves in extended trading on Tuesday.

Salesforce — Shares of the software giant rose 6% after Salesforce issued stronger-than-expected first-quarter results. The company reported 98 cents in adjusted earnings per share on $7.41 billion of revenue. Analysts surveyed by Refinitiv were expecting 94 cents per share and $7.38 billion of revenue. Forward guidance, however, was mixed, with second-quarter projections for earnings and sales coming in below estimates.

Ambarella — The chip stock fell more than 7% after Ambarella’s revenue guidance for the second quarter came in below analyst expectations. The company’s CEO said in a release that Ambarella’s near-term outlook was being hurt by the Covid wave in China. First-quarter results, however, were better than expected.

Victoria’s Secret — The apparel stock gained about 4% after Victoria’s Secret topped earnings estimates for the first quarter. The company earned an adjusted $1.11 in earnings per share, which was 27 cents per share higher than analysts surveyed by Refinitiv were expecting. Revenue, however, was in-line with expectations, and second-quarter guidance for earnings came in below estimates.

  • HP — The hardware stock rose slightly after HP posted better-than-expected results for its fiscal second quarter. The company reported $1.08 in adjusted earnings per share on $16.49 billion of revenue. Analysts surveyed by Refinitiv were expecting $1.05 per share on $16.17 billion of revenue.

Products You May Like

Articles You May Like

ESG without returns is ‘simply not sustainable,’ says investor Lauren Taylor Wolfe
Pound resumes slide after BoE and Treasury seek to steady markets
What is the economic impact of cryptocurrencies?
Stocks making the biggest moves midday: Apple, CarMax, Coinbase, Peloton and more
UK economy latest: Labour party stretches poll lead to 33 points, says YouGov

Leave a Reply

Your email address will not be published.