Market Overview

3 Tech Stocks & A Retailer Falling After-Hours

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U.S. stocks edged lower on Wednesday trading, driven by tumbling oil prices and energy stocks.

Salesforce.com, inc. (NYSE: CRM) plummeted 8.6 percent after-hours, following the announcement of the company’s Q2 results. EPS of $0.24 came in $0.02 ahead of the Street’s consensus, while revenue of $2.04 billion was slightly higher than the anticipated $2.02 billion. Moreover, unbilled deferred revenue came in around ~$8 billion, up 29 percent year-over-year. However, Q3 and full year guidance disappointed investors.

Box Inc (NYSE: BOX) fell slightly on its report. A Q2 net loss of $(0.14) was $0.05 smaller-than-expected, while revenue of $95.7 million, up 30.3 percent year-over-year, beat estimates by more than one million dollars.

Despite a top and bottom line beat, Infoblox Inc (NYSE: BLOX) traded slightly down in Wednesday’s after-hours session. Q4 EPS of $0.08 beat estimates by $0.02, and revenue of $86.3 million came in $1.79 million ahead of expectations.

Five Below Inc (NASDAQ: FIVE) traded down 5.5 percent on its earnings report. While Q2 EPS of $0.18 and revenue of $220.1 million beat estimates by $0.01 and $510,000, respectively, guidance was slightly disappointing.

Posted-In: Earnings News Guidance After-Hours Center Movers

 

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