Salesforce, Dollar Tree, Coty and more

Salesforce, Dollar Tree, Coty and more

Here, stocks grab the headlines in the middle of the day.

Salesforce – Salesforce shares rose 4.7% after the enterprise software maker reported second-quarter tax results and guidance that beat analysts’ expectations. Revenue for the quarter grew 23% year-over-year, a similar increase to the previous quarter.

Dollar Tree – Shares of the discount retailer fell more than 10% after reporting a mixed quarter. Dollar Tree reported earnings of $ 1.23 per share, beating analysts’ estimates of $ 1.00. It reported revenue of $ 6.34 billion, which missed estimates of $ 6.45 billion.

Dollar General – Shares of Dollar General fell nearly 4% despite the discount retailer’s estimates of both top and bottom results. Dollar General reported earnings of $ 2.69 per share on revenue of $ 8.65 billion. According to Refinitiv, analysts expected earnings of $ 2.59 per share on revenue of $ 8.61 billion. However, Dollar General issued lower than expected earnings guidance for the full year.

Autodesk – Software inventory fell more than 8% after its second quarter earnings report. Autodesk beat earnings per share estimates, but revenue was in line with expectations and its outlook for the third quarter showed little growth for both measures.

Williams-Sonoma – Shares of the retailer rose 10% after reporting better-than-expected earnings and earnings. According to Refinitiv, Williams-Sonoma earned $ 3.24 per share, up from estimates of $ 2.61 per share. The company generated revenue of $ 1.95 billion in the last quarter, beating expectations by $ 1.81 billion.

Abercrombie & Fitch – Shares of Abercrombie & Fitch fell 12% after the clothing retailer missed quarterly earnings expectations. According to Refinitiv, the company reported revenue of $ 865 million, while analysts expected $ 879 million. Abercrombie & Fitch beat earnings expectations of 93 cents per share, with earnings of $ 1.70 per share.

Zoom Video – Shares of the video conferencing company rose 1.8% after Morgan Stanley shifted the stock from a similar weight to an overweight. The company said in a note to customers that the market is very concerned about Zoom’s growth prospects as workers return to the office.

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 over the coming year.

JM Smucker – Food inventory has fallen more than 3%, despite JM Smucker’s earnings forecast and results for its first fiscal quarter. The company reported adjusted earnings per share of $ 1.90 on revenue of $ 1.86 billion. Analysts polled by Refinitiv were looking for $ 1.86 per share for $ 1.8 billion in revenue.

Pure Storage – Information technology stock rose more than 14% after Pure Storage reported higher and lower results for its fiscal second quarter. Revenue grew 23% year over year, with subscription revenue up 31%.

– CNBC’s Hannah Miao, Maggie Fitzgerald and Tanaya Machiel contributed to this report.

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