HP Enterprise Higher, C3 AI Slump, American Eagle Up After Earnings Beat
On this episode of Stock Movers:
- HP Enterprise (HPE) shares rose after the company released earnings that expected narrower profit margins as it enters the next leg of AI-driven demand. 3Q net revenue at $9.14 billion beating estimates; 4Q adjusted EPS of 56c to 60c in line with forecasts.
- C3 AI (AI) shares slumped after the software company forecast revenue for the second quarter that missed the average analyst estimate. It also named Stephen Ehikian as its new CEO, replacing founder Tom Siebel, who will remain executive chairman.
- American Eagle (AEO) shares surged after the company reported higher-than-expected quarterly sales and cited the success of its marketing campaign featuring Sydney Sweeney. Shortly after news of Kelce’s engagement to pop star and billionaire Taylor Swift broke, American Eagle announced a collaboration with his brand Tru Kolors.
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