Zoom Video, Hewlett Packard Enterprise, Ambarella & extra
Zoom founder Eric Yuan poses in front of the Nasdaq building as the video conferencing software company Zoom’s logo appears on the screen after the opening bell on April 18, 2019 in New York City.
Hit by Betancur | Getty Images
Check out the companies that hit the headlines on Tuesday after the bell:
Zoom Video – Stocks of the video messaging platform rose 2.7% after the company beat sales and earnings estimates in the first quarter. Zoom made $ 1.32 per share on an adjusted basis on sales of $ 956 million. Analysts surveyed by Refinitiv expected the company to make 99 cents per share on sales of $ 906 million.
Hewlett Packard Enterprise – HPE shares fell 2.1% as the company’s second quarter results exceeded expectations. HPE earned 46 cents per un-itemed share during the period, which was above the 42-cents earnings analysts surveyed by Refinitiv. Revenue at $ 6.7 billion was also above the expected $ 6.62 billion.
Ambarella – The camera equipment manufacturer’s stock rose 4.3% following its first quarter results. Ambarella earned 23 cents per share with no items and had sales of $ 70.1 million. FactSet estimates The Street expected 17 cents on $ 68.6 million in sales.
Scotts Miracle-Gro – The lawn company’s shares rose less than 1% after the company raised its forecast for the year. In a statement, the company said the improved outlook was mainly due to stronger growth in the US