Check out the companies that make headlines in their expansion trading. Hewlett Packard Enterprise – Stock accounted for 17% in extended transactions. Hewlett Packard Enterprise issued weak guidance in the second quarter, demanding adjusted profits range from 28 cents to 34 cents and revenues range from $7.2 billion to $7.6 billion. Analysts voted by FactSet asked for 50 cents per share in revenue and revenue of $7.92 billion. The company has also announced a cost-cutting programme that includes plans for layoffs. Samsara – Industrial “Internet of Things” stocks slipped 4%. Samsara issued first-quarter guidance that was largely in line with Wall Street’s forecasts, demanding adjusted profits of 5-6 cents with revenues of between $350-$352 million. Analysts voted by LSEG asked for 5 cents per share in revenue and revenue of $351 million. Gap – Shares surged 15% in the fourth quarter as clothing retailers ceased Wall Street estimates. Gap recorded revenue of 54 cents per share with $41.5 billion, but analysts voted by LSEG were looking for 37 cents per revenue and $4.07 billion in revenue. Sales for the same store increased by 3%, exceeding the 1% forecast by analysts surveyed by StreetAccount. Broadcom – Chip stock rose 17% after the company’s first quarter results surpassed top-line and bottom-line analyst estimates. Broadcom also issued rosy guidance for the current quarter. The company forecasts its second quarter revenue of $14.9 billion, while Analyst voted $14.766 billion on its LSEG forecast. BigBear.ai – The AI analysis company’s stock slipped over 12% after warning that it would be seen disruption in federal contracts. Cooper COS – Medical Device stock fell nearly 7% after the company’s first quarter revenues missed Wall Street estimates. Cooper reported revenue of $964.7 million, but the analysts voted by FactSet were looking for $978.1 million. Mobileye Global – The manufacturer of autonomous driving technology saw a rise of more than 3% in after-hours trading after regulatory applications revealed that Steve Cohen’s hedge fund Point72 had acquired a 5% stake in the company. Cohen was a big bull of artificial intelligence. Walgreens Boots Alliance – The drugstore chain’s stocks won nearly 6% in extended trading before the stock halted on news that Sycamore Partners had hit a $10 billion deal to handle private matters. – CNBC’s Yun Li and Darla Mercado contributed the report
Stocks that make the biggest move after business hours: Gap, AVGO, HPE, IoT
