World News – US – Stocks are making the biggest moves by the hours: Salesforce, Slack, Box, and more

Salesforce – The software company’s shares fell more than 3% after close of trading Tuesday after Salesforce announced it was taking over the Slack messaging platform for $ 27. 7 billion. In other countries, Salesforce exceeded its income statements for its quarterly results. The company reported a profit of $ 1. 74 per share on sales of $ 5. 42 billion. Analysts predict earnings of 75 cents per share on sales of $ 5. 25 billion according to Refinitiv.

Slack – Slack’s shares rose slightly in extended trading Tuesday after reporting a cent per share gain, compared to the 4 cents per share loss expected on the street, according to Refinitiv. Revenue was $ 234 million, up over the estimated $ 225 million.

HP Enterprise – HP Enterprise shares fell nearly 1% after the bell on Tuesday, despite better-than-expected quarterly results. The company reported earnings of 37 cents per share, beating estimates by 3 cents, according to Refinitiv. Sales were $ 7. 21 billion, more than the forecast $ 6. 88 billion. Hewlett Packard Enterprise moves its headquarters to Houston, Texas.

Box – The cloud and internet company was down more than 6% in expanded trade despite beating its quarterly earnings statement. Box made 20 cents a share on sales of $ 196 million. According to Refinitiv, Wall Street is forecasting earnings of 15 cents per share on sales of $ 194 million.

NetApp – NetApp shares rose more than 3% after close of trading Tuesday after reporting gains that exceeded Wall Street estimates. NetApp made a profit of $ 1. 05 per share compared to the estimated 73 centers per share. Revenue also exceeded expectations of $ 680. 9 million, that’s $ 749. 0 million.

Earnings Per Share, Salesforce, Slack Technologies, Generally Accepted Accounting Principles