After-Hours Movers: HP, Workday, Guess, Williams-Sonona, PVH

U.S. stock markets tumbled to two week-lows on Wednesday, driven by weakness in materials and healthcare stocks, which reflected anxieties around Yellen’s speech this Friday.

Shares of HP Inc HPQ traded down more than 4.5 percent in Wednesday’s after-hours session, after the company reported its Q3 results. While EPS of $0.48 and revenues of $11.9 billion came in ahead of the Street’s consensus for $0.44 and $11.47 billion, guidance for the fourth quarter and full year fell short of expectations.

Opposite was the case of Workday Inc WDAY, which gained more than 4.3 percent since the market closed, following its Q2 earnings report. Over the second quarter, the firm registered a net loss of $(0.04) per share, $0.02 larger than the Street envisioned. Revenue of $377.7 million, up 33.6 percent year-over-year, came in more than $5 million above expectations. Third quarter guidance for sales of $398 million to $400 million also fell short of the Street’s consensus of $401.1 million.

Also up on its Q2 results was Guess?, Inc. GES, which surged more than 14 percent on an earnings beat and increased guidance. While EPS of $0.14 beat expectations by $0.07, sales of $545 million fell short of consensus at $550.53 million.

Back to decliners, we’ve got Williams-Sonoma, Inc. WSM, which traded slightly down since the bell rang. Q2 EPS of $0.58 were in-line with expectations; however, revenue of $1.16 billion fell $10 million short of estimates, same as guidance.

Finally, there’s PVH Corp PVH, which was up almost 1 percent in after-hours, after EPS of $1.47 beat the Street’s consensus by $0.18, with revenue of $1.94 billion in line with expectations.

 

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.

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