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

Market Insider

In this article

The Salesforce Tower, left, and the Salesforce West office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021.
David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines after the bell:

Salesforce — Shares of the software giant dropped more than 6% in after hours trading on Tuesday after issuing fourth quarter earnings guidance below expectations. Next year revenue guidance also missed estimates. Salesforce, however, reported better-than-expected earnings and revenue for last quarter. The company also announced it promoted Bret Taylor to the role of co-CEO, alongside Marc Benioff.

Box — Shares of Box rose 8% in after hours trading on Tuesday after beating on the top and bottom lines of its quarterly results. The company reported earnings of 22 cents per share on revenue of $224.0 million. Wall Street expected earnings of 21 cents per share on revenue of $218.5 million, according to Refinitiv. Box’s fourth quarter and full year revenue and earnings also topped estimates.

HP Enterprise — Shares of HP Enterprise ticked nearly 8% lower in extended trading on Tuesday after missing last quarter’s revenue estimates. The company reported revenue of $7.35 billion, below the forecast $7.38 billion, according to Refinitiv. Earnings, however, came in 4 cents above consensus.

Ambarella — Shares of Ambarella popped nearly 7% in after hours trading on Tuesday after beating on the top and bottom lines of its quarterly results. Ambarella earned 57 cents per share, topping estimates by 8 cents, according to Refinitiv. Revenue came in at $92.2 million, higher than the expected $90.3 million.

Articles You May Like

Cramer says investors should not rush to buy or sell outside of regular trading hours. Here’s why
Why CrowdStrike Stock Is the Best of Breed Growth Holding
Teladoc Stock Is Due for a Major Upside Reversal
Here’s why stocks are on such shaky ground to start January
Rumble Is Not the Next YouTube And SPAC CF Acquisition Won’t Make It One