Check out the companies making headlines in extended trading. Hewlett Packard Enterprise — Shares tanked 17% in extended trading. Hewlett Packard Enterprise issued weak guidance for the fiscal second quarter, calling for adjusted earnings to range from 28 cents to 34 cents per share on revenue between $7.2 billion and $7.6 billion. Analysts polled by FactSet sought 50 cents per share in earnings and revenue of $7.92 billion. The company also announced a cost reduction program, which includes plans for layoffs . Samsara — The industrial “Internet of Things” stock slid 4%. Samsara issued first-quarter guidance that was largely in line with Wall Street’s expectations, calling for adjusted earnings of 5 cents to 6 cents per share on revenue of $350 million to $352 million. Analysts polled by LSEG sought 5 cents per share in earnings and revenue of $351 million. Gap — Shares surged 15% as the clothing retailer trounced Wall Street’s estimates in its fiscal fourth quarter. Gap posted earnings of 54 cents a share on revenue of $4.15 billion, while analysts polled by LSEG were looking for 37 cents per share in earnings and $4.07 billion in revenue. Same-store sales grew 3%, topping the 1% anticipated by analysts surveyed by StreetAccount. Broadcom — The chip stock gained 17% after the company’s fiscal first-quarter results surpassed analyst estimates on the top and bottom lines. Broadcom also issued rosy guidance for the current quarter. The company forecasts second-quarter revenue of $14.9 billion while analysts polled by LSEG forecast $14.76 billion. BigBear.ai — Stock in the artificial intelligence analytics company slipped more than 12% after the firm warned that it could see a disruption of federal contracts . Cooper Cos — The medical device stock declined nearly 7% after the company’s fiscal first-quarter revenue missed Wall Street’s estimate. Cooper reported revenue of $964.7 million, while analysts polled by FactSet were looking for $978.1 million. Mobileye Global — The maker of autonomous driving technology saw shares jumping more than 3% in after-hours trading after a regulatory filing revealed Steve Cohen’s hedge fund Point72 has taken a 5% stake in the company. Cohen has been a big bull on artificial intelligence. Walgreens Boots Alliance — Shares of the drugstore chain popped nearly 6% in extended trading before the stock was halted on news that it struck a $10 billion deal to be taken private by Sycamore Partners. — CNBC’s Yun Li and Darla Mercado contributed reporting
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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