HP Inc (NYSE:HPQ) shares tumbled more than 6% in extended trading Tuesday after the company’s mixed results and tepid guidance failed to impress investors.
The computing company posted fiscal third-quarter revenue of $13.2 billion, down 10% year-over-year and short of the $13.4 billion expected by analysts. Adjusted earnings were $0.86 per share, in line with Street expectations. Personal systems net revenue was $8.9 billion, down 11% year-over-year, while printing net revenue was $4.3 billion, down 7%.
Hewlett Packard Enterprise Co (NYSE:HPE) stock fell 1.1% after the company reported that its third-quarter revenue rose 1% to $7 billion, while its earnings for the period increased to $0.35 a share from $0.32 a year earlier, driven by Edge product momentum and a portfolio mix shift.
Its adjusted earnings per share, though, came in at $0.49, as its gross margins for the quarter of 35.8% improved 130 basis points from the same period last year. Analysts surveyed by FactSet had expected adjusted earnings of $0.47 a share on revenue of $6.99 billion.
Calvin Klein and Tommy Hilfiger parent PVH Corp. (NYSE:PVH) saw its shares rise 1.5% on better-than-expected second-quarter earnings and sales.
PVH posted revenue of $2.21 billion, up 4% year-over-year and above Street expectations of $2.19 billion. Both the Calvin Klein and Tommy Hilfiger brands saw sales growth, the company said. Adjusted earnings came in at $1.98 per share, beating analyst expectations of $1.76.
Box Inc (NYSE:BOX), the cloud content management platform provider, took a more than 8% hit to its share price on weaker-than-expected full-year guidance.
The company posted adjusted earnings of $0.36 in its second quarter ended July 31, just above Street expectations of $0.35 per share. Revenue came in at $261.4 million, up 6% year-over-year, in line with expectations of $261 million. However, Box’s full-year revenue projection of $1.04 billion to $1.044 billion fell short of analyst expectations of $1.05 billion.
ZTO Express, a Chinese express delivery company, posted mixed second-quarter results with little impact on its share price.
The company posted adjusted earnings of $0.42 per share, above Street expectations of $0.39. Revenue came in at $1.34 billion, up from $1.29 billion a year earlier but short of expectations of $1.39 billion. Market share expanded to 23.5%.