Several companies made headlines in extended trading. Hewlett Packard Enterprise witnessed a 17% drop in shares after issuing weak guidance for the fiscal second quarter, predicting adjusted earnings between 28 cents to 34 cents per share on revenue ranging from $7.2 billion to $7.6 billion, which is below analysts’ expectations of 50 cents per share and $7.92 billion in revenue. The company also announced a cost reduction program involving layoffs. Samsara’s stock fell by 4% despite issuing first-quarter guidance that largely met Wall Street’s expectations. Gap’s shares surged 15% after the retailer exceeded Wall Street’s fiscal fourth-quarter estimates with earnings of 54 cents per share on revenue of $4.15 billion, surpassing the anticipated 37 cents per share and $4.07 billion in revenue. Broadcom’s stock rose 17% following better-than-expected fiscal first-quarter results and optimistic guidance for the current quarter, forecasting $14.9 billion in revenue. BigBear.ai’s stock declined over 12% amid concerns about potential disruptions in federal contracts. Cooper Cos’s shares dropped nearly 7% after missing fiscal first-quarter revenue estimates. Mobileye Global’s shares increased over 3% after Steve Cohen’s hedge fund Point72 disclosed a 5% stake in the company. Walgreens Boots Alliance’s shares jumped nearly 6% before being halted due to a $10 billion deal to go private with Sycamore Partners. — news fromCNBC
