Here’s a look at the top gainers at midday: Salesforce — Shares of Salesforce fell 20.5% after the cloud software provider reported lower-than-expected revenue and issued guidance that fell short of Wall Street expectations. Its fiscal first-quarter revenue was US$9.13 billion, compared with US$9.17 billion expected by analysts surveyed by LSEG. This is Salesforce’s first revenue decline since 2006. Kohl’s – The department store chain reported a first-quarter loss of 24 cents per share, sending its shares plummeting 25%. Analysts surveyed by LSEG had expected earnings of 4 cents per share, according to LSEG. Revenue also fell short of expectations. HP — Shares of HP jumped more than 17% in a single day after the company reported better-than-expected quarterly results. HP reported fiscal second-quarter earnings of 82 cents per share on revenue of $12.8 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of 81 cents per share on revenue of $12.6 billion. Foot Locker — Shares of Foot Locker rose 19.5% after the retailer reported better-than-expected first-quarter profit. Foot Locker earned 22 cents per share, compared with the LSEG consensus estimate of 12 cents per share. UiPath — The software company said it expects second-quarter revenue of between $300 million and $305 million, below analysts’ expectations of $342.3 million in a FactSet survey. The company’s shares fell 35%. Full-year revenue guidance also missed expectations. In addition, the company also announced the resignation of CEO Rob Enslin, effective June 1. The consensus earnings estimate for LSEG was $1.08 per share. Best Buy also stuck to its full-year forecast. Chief Executive Corie Barry said on the call that the company expects 2024 “to be a more stable year for the industry.” Agilent Technologies — Shares fell nearly 8% after the company reported a slight revenue decline but earnings that beat expectations. Agilent also lowered its full-year guidance. Full-year adjusted earnings per share are expected to be in a range of $5.15 to $5.25, compared with previous guidance of $5.44 to $5.55. Analysts polled by FactSet expected full-year adjusted earnings guidance of $5.50 per share. The company also lowered its revenue guidance for this year to below expectations. C3.ai — Shares of C3.ai rose 18% after the technology company reported an adjusted loss of 11 cents per share in its fiscal fourth quarter, missing the 30-cent loss expected by analysts polled by StreetAccount. Revenue was $86.6 million, above the consensus estimate of $84.4 million. Birkenstock – Shares of Birkenstock soared nearly 10% after the footwear maker beat analysts’ expectations for second-quarter sales and profits. The company also forecast full-year revenue prospects of 1.77 billion euros to 1.78 billion euros, higher than its previous forecast of 1.74 billion euros to 1.76 billion euros. Hormel Foods — Shares fell 8.6% after the company reported second-quarter revenue of $2.89 billion, missing the FactSet consensus of $2.97 billion. However, Hormel’s adjusted earnings per share were 38 cents, above analysts’ expectations of 36 cents. Burlington Stores – The retailer reported better-than-expected profits, sending its shares up nearly 18%. Burlington reported first-quarter adjusted earnings of $1.42 per share, compared with the LSEG consensus estimate of $1.05. Revenue was $2.36 billion, higher than analysts’ expectations of $2.34 billion. Dollar General — Shares of Dollar General fell 3.8% despite reporting better-than-expected first-quarter profit and revenue. However, Dollar General said it expected second-quarter earnings per share to be between $1.70 and $1.85, below the $1.92 expected by analysts polled by LSEG. Nutanix — The cloud company’s fiscal fourth-quarter revenue forecast fell short of analysts’ expectations on Wednesday, sending its shares down nearly 22%. However, Nutanix’s fiscal third-quarter earnings and sales beat expectations. American Eagle Outfitters — The retail stock fell 3.6% after the apparel company reported weaker-than-expected fiscal first-quarter sales on Wednesday. American Eagle Outfitters Chief Financial Officer Mike Mathias told CNBC that the company remains “cautious” about its outlook for the second half of the year. —CNBC’s Lisa Kailai Han and Hakyung Kim contributed reporting.
