HP, Best Buy Soar on Earnings Beats; Salesforce Tumbles on Weak Guidance

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HP, Best Buy Soar on Earnings Beats; Salesforce Tumbles on Weak Guidance

In a mixed day for the market, three major players—HP Inc. (NYSE:), Best Buy (NYSE:), and Salesforce (NYSE:)—experienced significant stock price movements following their respective earnings reports. While HPQ and BBY saw double-digit gains, CRM faced a sharp decline due to disappointing results and guidance.

HPQ Surges on PC Business Growth

HP Inc.’s stock surged by 17.01% to $38.38, with a market cap of $37.54 billion, after the company reported better-than-expected second-quarter .

HP’s revenue of $12.8 billion slightly exceeded the anticipated $12.6 billion, and its adjusted EPS of $0.82 surpassed the forecast of $0.81. The company’s PC business grew for the first time in eight quarters, driven by commercial sales.

HP’s strategic focus on AI-powered PCs and the ongoing refresh cycle for personal tech were highlighted as key factors driving future growth.

BBY Rises Despite Declining Sales

Best Buy’s stock rose by 10.96% to $79.79, with a market cap of $17.26 billion, after the company higher-than-expected profits despite declining sales.

Best Buy’s fiscal first-quarter revenue was $8.85 billion, down from $9.47 billion in the previous year. However, the company’s GAAP diluted EPS of $1.13 and non-GAAP diluted EPS of $1.20 exceeded analysts’ expectations of $1.08.

Best Buy’s focus on cost management and profitability, along with an increase in ****** profit rates from services and membership offerings, contributed to the positive market reaction.

CRM Stumbles on Weak Guidance

Salesforce’s stock dropped by 20.57% to $215.76, with a market cap of $209.45 billion, after the company weak guidance for the upcoming quarter and year.

Salesforce reported first-quarter revenue of $9.13 billion, slightly below analysts’ expectations. The company’s current revenue guidance for the next quarter fell short of analysts’ estimates, contributing to the stock’s decline.

The market reacted negatively to concerns about weak AI revenue contributions and the company’s ability to compete effectively in the AI-driven tech landscape.

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Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our

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#Buy #Soar #Earnings #Beats #Salesforce #Tumbles #Weak #Guidance

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