Microsoft Corporation headquarters in Issy-les-Moulineaux, near Paris, France, April 18, 2016.
Charles Plates | Reuters
Take a look at the companies making headlines in Thursday’s afternoon trading.
Microsoft Shares of the tech giant slip after 0.6% Microsoft cuts its earnings and revenue guidance For the fiscal fourth quarter. Microsoft cited unfavorable foreign exchange rates as the reason for the move.
meta platform — Facebook parent company grew 4.8% after Sheryl Sandberg announcement Leaving his role as Chief Operating Officer, Chief Development Officer Javier Olivan will take over the position this fall.
GameStop – shares of Video game retailer up 9.4% after company posted its quarterly results, GameStop reported revenue of $1.38 billion in its fiscal first quarter, up slightly from $1.27 billion in the year-ago quarter. But, it also reported a net loss of $157.9 million, worse than the $66 million net loss in the year-ago quarter.
Chevy — The pet e-commerce company grew 23.3% after reporting windfall gains last quarter. Chewy shared earnings per share of 4 cents on revenue of $2.43 billion. According to Refinitiv, analysts expect a loss of 14 cents per share on revenue of $2.42 billion.
MongoDB — The database platform provider’s stock rose 17.8% following company results for the previous quarter, which topped analyst expectations. MongoDB reported windfall gains of 20 cents per share on revenue of $285 million. Analysts had forecast a loss of 9 cents per share on revenue of $267 million.
generics – generator company stock jumped more than 9.7% after UBS named it a top pick, The investment firm said a negative price for Genac’s core business was already in the market, and the company’s push into clean energy lifted the stock significantly.
Hewlett Packard Enterprise — Hewlett Packard Enterprise dropped 5.5% after missing analysts’ forecasts on last quarter’s revenue and earnings. The company reported a profit of 44 cents per share on revenue of $6.71 billion, compared with the Refinitiv consensus estimate of 45 cents per share on revenue of $6.78 billion.
PVH — The apparel company added 2.5% after beating Wall Street’s forecast on the top and bottom lines for the previous quarter. The owner of Tommy Hilfiger and Calvin Klein reported a profit of $1.94 per share on $2.12 billion in revenue, compared to estimates of $1.61 cents per share on $20.9 billion in revenue.
Hormel Foods The company cut its fiscal 2022 earnings guidance after shares of Hormel Foods fell 5.2%. The food company expects earnings per share to be between $1.87 and $1.97, having previously been guiding for profit between $1.87 per share and $2.03 per share.
— CNBC’s Jesse Pound and Yoon Lee contributed reporting