Hewlett Packard Enterprise Falls, Salesforce Rises, JB Hunt Climbs as Cost Controls Boost Earnings
On this episode of Stock Movers:
- Hewlett Packard Enterprise (HPE) shares fall after the company gave an outlook for profit and cash flow for its upcoming fiscal year that fell short of analysts’ estimates, reflecting a margin crunch in the AI era.
- Salesforce (CRM) shares rise after the software company forecasted that revenue growth will accelerate to double digits in the coming years. Salesforce expects $60 billion in annual revenue by the fiscal year ending in January 2030, excluding any contribution from the planned acquisition of Informatica Inc.
- JB Hunt (JBHT) shares climb after the transportation and logistics company reported third quarter earnings that beat the average analyst estimate helped by better cost control measures.
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