Thursday’s trading day is almost over this week so here are the stocks making the biggest moves so far
Salesforce – Salesforce shares rose 4.7% after the enterprise software maker reported fiscal second-quarter earnings and forward guidance that exceeded analysts’ expectations. Revenue rose 23% year-over-year in the quarter, the identical growth as the prior quarter.
Dollar Tree – Shares of the discount retailer dropped over 10% after it reported a mixed quarter. Dollar Tree recorded earnings of $1.23 per share, which beat analysts’ estimates of $1.00. It reported revenue of $6.34 billion, which missed estimates of $6.45 billion
Zoom Video – Shares of the video conferencing company rose 1.8% after Morgan Stanley upgraded the stock to overweight from equal weight. The firm said in an exceedingly note to clients that the market was too concerned about Zoom’s growth prospects with workers returning to the office.
Dollar General – Shares of Dollar General fell about 4% despite the discount retailer beating estimates on both top and bottom lines. Dollar General reported earnings of $2.69 per share on revenue of $8.65 billion. Analysts expected earnings of $2.59 per share on revenue of $8.61 billion, in step with Refinitiv. However, Dollar General issued lower-than-expected earnings guidance for the complete year
Autodesk – The software stock slid more than 8% following its second-quarter earnings report. Autodesk beat estimates for earnings per share, but revenue was in line with expectations and its third-quarter outlook showed only small increases for both metrics
Abercrombie & Fitch – Shares of Abercrombie & Fitch sunk 12% after the apparel retailer missed quarterly revenue expectations. the company reported revenue of $865 million, while analysts expected $879 million, per Refinitiv. Abercrombie & Fitch topped earnings expectations by 93 cents per share with a profit of $1.70 per share
Coty – Shares of the cosmetics company rose more than 16% after Coty reported better-than-expected sales for its fiscal fourth quarter. the company also said it expects positive sales growth within the year ahead.
Williams-Sonoma – Shares of the retailer rose 10% after reporting better-than-expected earnings and revenue. Williams-Sonoma earned $3.24 per share, topping estimates of $2.61 per share, in keeping with Refinitiv. the company made $1.95 billion in revenue last quarter, beyond the forecast $1.81 billion
Pure Storage – the information technology stock soared over 14% after Pure Storage reported top and bottom line beats for its fiscal second quarter. Revenue was up 23% year over year, with subscription revenue growing by 31%
J.M. Smucker – The food products stock fell over 3% despite J.M. Smucker beating estimates on the highest and bottom lines for its fiscal first quarter. the company reported adjusted earnings per share for $1.90 on $1.86 billion in revenue. Analysts surveyed by Refinitiv were trying to find $1.86 per share on $1.8 billion in revenue.