Take a look at the companies making the biggest changes this afternoon: Salesforce. Shares of the cloud software provider fell 19.7% after reporting weaker-than-expected earnings and issuing guidance that fell short of Wall Street expectations. The company’s fiscal first-quarter revenue was $9.13 billion, versus $9.17 billion expected by analysts polled by LSEG. For the first time since 2006, Salesforce missed a profit. Kohl’s — The department store chain fell nearly 23% after reporting a first-quarter loss of 24 cents per share. Analysts polled by LSEG were expecting a gain of 4 cents per share, according to LSEG. Revenue was also below expectations. HP – Shares rose nearly 17% on the day after the company reported quarterly results that beat expectations. HP reported fiscal second-quarter earnings per share of 82 cents on revenue of $12.8 billion. Analysts surveyed by LSEG had forecast earnings per share of 81 cents on revenue of $12.60 billion. Foot Locker – Shares jump 15 % after the retailer reported an increase in first-quarter profits. Foot Locker’s earnings per share were 22 cents, compared with the LSEG consensus estimate of 12 cents per share. UiPath — Shares fell 34% after the software company said it expected revenue of $300 million to $305 million in the second quarter, below the $342.3 million expected by analysts polled by FactSet. Its full-year earnings forecast also fell short of expectations. Additionally, the company announced that CEO Rob Enslin will retire effective June 1. Best Buy shares of the electronics retailer rose 13.4% after reporting fiscal first-quarter earnings of $1.20 per share, beating the LSEG consensus estimate of $1.08 per share. . Best Buy also stuck to its full-year guidance. CEO Corey Barry said on the call that the company expects 2024 “to be a year of increasing stabilization in the industry.” Agilent Technologies – Shares fell 9.7% after the company reported a slight drop in revenue but higher profits. Agilent also cut its full-year forecast. Full-year adjusted earnings per share are expected to range from $5.15 to $5.25, down from the previous forecast of $5.44 to $5.55. Analysts polled by FactSet expected full-year adjusted earnings per share of $5.50. The company also lowered its revenue forecast for the year, which fell short of expectations. C3.ai – Shares rose 19.4% after the technology company reported an adjusted loss of 11 cents per share for its fiscal fourth quarter, narrower than the 30-cent loss expected by analysts polled by StreetAccount. Revenue was $86.6 million, beating the consensus estimate of $84.4 million. Birkenstock — Shares soared 11.7% after the shoe maker beat analysts’ expectations for second-quarter sales and profit. The company also forecast full-year revenue guidance of €1.77 billion to €1.78 billion, up from its previous estimate of €1.74 billion to €1.76 billion. Hormel Foods – Shares fell 9.7% after the food company reported second-quarter revenue of $2.89 billion, missing the FactSet consensus estimate of $2.97 billion. However, Hormel had adjusted earnings per share of 38 cents. exceeded the 36 cents expected by analysts. Burlington Stores – Shares jumped more than 17% after the retailer’s earnings rose. Burlington reported adjusted earnings per share of $1.42 for the first quarter, compared with the LSEG consensus estimate of $1.05. Revenue was $2.36 billion, beating analysts’ expectations of $2.34 billion for Dollar General. Shares of the discount retailer fell 8.1% despite reporting first-quarter earnings and revenue. However, Dollar General said it expects second-quarter earnings per share to be between $1.70 and $1.85, less than the $1.92 expected by analysts polled by LSEG. Nutanix shares fell 23% after the cloud company’s fiscal fourth-quarter revenue forecast fell short of analysts’ expectations on Wednesday. However, Nutanix beat earnings and sales expectations in the fiscal third quarter. American Eagle Outfitters – Shares of the retailer fell 7.6% after the apparel company reported weaker-than-expected fiscal first-quarter sales on Wednesday. American Eagle Outfitters maintains a “cautious” outlook for the second half of the year, Chief Financial Officer Mike Mathias told CNBC. —CNBC reporters Lisa Kailai Han and Hakyung Kim contributed reporting.
