At least four companies shares should be watched on Friday. They are: salesforce.com, inc. (NYSE:CRM), Autodesk, Inc. (NASDAQ:ADSK), McKesson Corporation (NYSE:MCK), and Gap Inc (NYSE:GPS). Investors would be reacting to the news announcement by these companies.
- com, inc. (NYSE:CRM) delivered earnings of 28 cents a share for the first quarter that is ahead of Street predictions of 26 cents a share. Similarly, its revenue of $2.39 billion, which advanced 24.5 percent on a year-on-year basis, topped estimates of $2.35 billion. Going forward, the company boosted its adjusted EPS forecast to $1.28 – $1.30 on revenue of $10.25 – $10.30 billion for the fiscal year 2018. The company initiated second quarter revenue outlook of $2.51 – $2.52 billion. Street analysts are looking for revenue of $2.48 billion for the second quarter and EPS of $1.29 on revenue of $10.19 billion. Following the beat and raise announcement, the stock added 1.37 percent in after-hours trading on Thursday.
- Autodesk, Inc. (NASDAQ:ADSK) revealed a loss per share of 16 cents for the first quarter, which is narrower than the 24 cents loss per share estimated by analysts. Revenue of $485.7 million, which fell 5.1 percent from the previous year quarter, also came in above the expectations by $15.3 million. Looking ahead, the company expects a loss per share of 18 – 14 cents on revenue of $488 – $500 million for the second quarter. Analysts look for a loss per share of 15 cents and revenue of $488.29 million. Following the upbeat results and guidance, the stock jumped 10.08 percent in extended hours trading on Thursday.
- McKesson Corporation (NYSE:MCK) reported an EPS of $3.42 for the four quarter that came in above the predictions of $3.00. However, its revenue of $48.7 billion that grew 4.3 percent from the year-ago period failed to meet analysts’ estimates of $49.48 billion. Going forward, the company guided adjusted EPS to be $11.75 – $12.45 for the fiscal year ending March 2018. This is well ahead of the Street analysts’ projections of $11.46 a share. Following this, the stock jumped 8.24 percent in after-hours trading on Thursday.
- Gap Inc (NYSE:GPS) revealed earnings of 36 cents a share for the first quarter beating the Street expectations of 29 cents a share. Revenue, which remained flat at $3.44 billion, also came in above the estimates of $3.39 billion. Its comparable store sales grew two percent in the first quarter. Moving forward, the company reaffirmed its full year earnings outlook of $1.95 – $2.05 while analysts are looking for an EPS of $1.99. Following this, the stock jumped 4.14 percent in extended hours trading on Thursday.