A general view of the atmosphere at the TommyXZendaya collection launch event at the Tommy Hilfiger store on March 3, 2019 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images for Tommy Hilfiger)
David M. Benett | Getty Images Entertainment | Getty Images
Check out the companies making headlines after the bell:
Shares of PVH plummeted nearly 10% in extended trading after the clothing company, which owns brands including Tommy Hilfiger and Calvin Klein, announced weak guidance for the upcoming quarter. The company reported first-quarter earnings per share of $ 2.46 on revenue of $ 2.36 billion. Wall Street had expected earnings of $ 2.45 per share on revenue of $ 2.37 billion, according to Refinitiv consensus estimates.
Shares of Palo Alto Networks dropped 5% after the the cybersecurity company announced plans to buy Twistlock, a container security company, and PureSec, a serverless security company. Palo Alto also reported third-quarter earnings of $ 1.31 per share on revenue of $ 727 million, topping Wall Street estimates of $ 1.25 per share on revenue of $ 704 million.
Veeva stock jumped more than 6% after the cloud software company reported first-quarter results that beat estimates on the top and bottom lines. Veeva reported earnings of 50 cents per share, versus the expected 45 cents per share, and revenue of $ 245 million, versus the expected $ 239 million.
Twilio stock fell nearly 3% after the cloud communications company announced that it will hold a secondary stock offering worth an estimated $ 750 million. Secondary share sales often dilute the value of existing holders’ stakes.
Shares of Keysight Technologies jumped nearly 8% after the electronics company reported earnings that surpassed analyst expectations. Keysight reported earnings of $ 1.22 per share and revenue of $ 1.09 billion, compared with Refinitiv consensus estimates of 98 cents per share and $ 1.07 billion.
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