Stock Movements and Financial Results for Various Companies

One sentence summary – This article provides a comprehensive summary of the stock movements, financial results, and market outlook for various companies, including HP, Box, Ambarella, PVH, Brown-Forman, Insulet, Fluence Energy, Spotify, Apple, Rockwell Automation, Netflix, Sunrun, Align Technology, CrowdStrike, Okta, Salesforce, Five Below, Victoria’s Secret, Chewy, Pure Storage, and Costco Wholesale.

At a glance

  • HP’s stock value dropped by 6.6% in the fiscal third quarter due to lower-than-expected revenue.
  • Box’s stock tumbled by 12.3% due to weak guidance for the current quarter.
  • Ambarella faced a 20.4% decline in its stock value after providing weak third-quarter revenue guidance.
  • PVH saw a 1.9% rise in its shares following better-than-expected earnings for the second quarter.
  • Apple’s stock rose by 1.9% after Citi reaffirmed its buy rating and expressed optimism for the company’s upcoming event.

The details

HP’s stock value experienced a 6.6% drop in the fiscal third quarter due to lower-than-expected revenue.

Box’s stock tumbled by 12.3% because of weak guidance for the current quarter, with earnings anticipated to be lower than analysts’ estimates.

Ambarella faced a 20.4% decline in its stock value after providing weak third-quarter revenue guidance, falling short of expectations.

PVH

saw a 1.9% rise in its shares following better-than-expected earnings for the second quarter and an increased earnings outlook for the year.

Brown-Forman’s stock slid by 4% after missing Wall Street expectations for its first fiscal quarter of 2024.

Insulet experienced a 6.4% increase in its stock value as the CEO purchased shares and the company launched an insulin delivery service in Germany.

Fluence Energy’s shares advanced 1.1% after Barclays initiated coverage with an overweight rating, predicting potential revenue growth.

Spotify saw a 3.4% increase in its stock value after Wells Fargo reiterated its buy rating, citing positive positioning for the upcoming quarters.

Apple

‘s stock rose by 1.9% after Citi reaffirmed its buy rating and expressed optimism for the company’s upcoming event.

Rockwell Automation’s stock retreated by 2.4% following a downgrade by Wells Fargo, which warned of potential slowing sales growth.

Netflix witnessed a 1.1% rise in its stock value as Wells Fargo predicted continued subscriber growth due to measures against password sharing and advertising expansion.

Sunrun’s shares jumped 1.8% after Citi upgraded the stock to buy, highlighting catalysts that could drive the stock higher.

Align Technology experienced a 0.9% rise in its shares after HSBC initiated coverage with a buy rating, citing market share opportunities and a strong brand presence.

Box reported second-quarter revenue of $261 million, in line with estimates.

Their adjusted earnings per share for the same quarter were 36 cents, beating estimates by 1 cent.

However, Box posted weak guidance for the current quarter and full-year revenue.

Ambarella provided lower-than-expected guidance for the third quarter, despite beating expectations in the second quarter.

HP’s revenue for the fiscal third quarter was $13.2 billion, missing estimates.

Their earnings per share for the same period were 86 cents, in line with expectations.

Hewlett Packard Enterprise beat expectations in its fiscal third quarter, with adjusted earnings per share of 49 cents and revenue of $7 billion.

PVH reported earnings per share of $1.98 and revenue of $2.21 billion, both beating estimates.

They reaffirmed their full-year revenue guidance and raised their outlook for earnings per share.

CrowdStrike stock increased by 1% in extended trading after beating second-quarter expectations.

Okta stock jumped 10% after exceeding second-quarter expectations and issuing a strong outlook.

Salesforce stock climbed 5.6% after reporting fiscal second-quarter earnings and revenue that surpassed estimates.

Five Below stock fell 7% after sharing a weak outlook for the third quarter.

Victoria’s Secret shares slid 2.7% after posting disappointing second-quarter results and anticipating a third-quarter loss.

Chewy stock fell nearly 1% despite reporting a second-quarter beat in revenue.

Pure Storage experienced a 1.4% rise in its shares after reporting better-than-expected second-quarter earnings and a positive third-quarter revenue outlook.

Costco Wholesale stock rose 0.3% in after-hours trading after reporting a 5.0% year-over-year increase in August net sales.

This brief provides a detailed overview of the stock movements, financial results, and market outlook for the mentioned companies.

Article X-ray

A grid of colorful squares representing different companies, with some squares rising and others falling.

This section links each of the article’s facts back to its original source.

If you have any suspicions that false information is present in the article, you can use this section to investigate where it came from.

cnbc.com
– HP’s stock dropped 6.6% after reporting lower-than-expected revenue for the fiscal third quarter.
– Box’s stock tumbled 12.3% due to weak guidance for the current quarter, with earnings anticipated to be lower than analysts’ estimates.
– Ambarella’s stock sank 20.4% after the company provided weak third-quarter revenue guidance, falling short of expectations.
– PVH’s shares rose 1.9% after reporting better-than-expected earnings for the second quarter and raising its earnings outlook for the year.
– Brown-Forman’s stock slid 4% after missing Wall Street expectations for its first fiscal quarter of 2024.
– Insulet’s stock climbed 6.4% after the CEO purchased shares and the company launched an insulin delivery service in Germany.
– Fluence Energy’s shares advanced 1.1% after Barclays initiated coverage with an overweight rating, predicting potential revenue growth.
– Spotify’s stock rose 3.4% after Wells Fargo reiterated its buy rating, citing positive positioning for the upcoming quarters.
– Apple’s stock rose 1.9% after Citi reaffirmed its buy rating, expressing optimism for the company’s upcoming event.
– Rockwell Automation’s stock retreated 2.4% following a downgrade by Wells Fargo, which warned of potential slowing sales growth.
– Netflix’s stock rose 1.1% as Wells Fargo predicted continued subscriber growth due to measures against password sharing and advertising expansion.
– Sunrun’s shares jumped 1.8% after Citi upgraded the stock to buy, highlighting catalysts that could drive the stock higher.
– Align Technology’s shares rose 0.9% after HSBC initiated coverage with a buy rating, citing market share opportunities and a strong brand presence.
cnbc.com
– Box’s revenue for the second quarter was $261 million, in line with estimates.
– Box’s adjusted earnings per share for the second quarter were 36 cents, beating estimates by 1 cent.
– Box posted weak guidance for the current quarter and full-year revenue.
– Ambarella beat expectations in the second quarter but provided lower-than-expected guidance for the third quarter.
– HP’s revenue for the fiscal third quarter was $13.2 billion, missing estimates.
– HP’s earnings per share for the fiscal third quarter were 86 cents, in line with expectations.
– Hewlett Packard Enterprise beat expectations in its fiscal third quarter.
– Hewlett Packard Enterprise’s adjusted earnings per share were 49 cents, while revenue was $7 billion.
– PVH reported earnings per share of $1.98 and revenue of $2.21 billion, beating estimates.
– PVH reaffirmed its full-year revenue guidance and raised its outlook for earnings per share.
cnbc.com
– CrowdStrike stock increased by 1% in extended trading after beating second-quarter expectations.
– Okta stock jumped 10% in extended trading after exceeding second-quarter expectations and issuing a strong outlook.
– Salesforce stock climbed 5.6% after reporting fiscal second-quarter earnings and revenue that surpassed estimates.
– Five Below stock fell 7% after sharing a weak outlook for the third quarter.
– Victoria’s Secret shares slid 2.7% after posting disappointing second-quarter results and anticipating a third-quarter loss.
– Chewy stock fell nearly 1% despite reporting a second-quarter beat in revenue.
– Pure Storage shares rose 1.4% after reporting better-than-expected second-quarter earnings and third-quarter revenue outlook.
– Costco Wholesale stock rose 0.3% in after-hours trading after reporting a 5.0% year-over-year increase in August net sales.

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