Before you call, check out the companies that are making headlines. Salesforce — Shares of the cloud software provider fell 16% after the company reported weaker-than-expected earnings and issued guidance that fell short of Wall Street expectations. Revenue in the fiscal first quarter rose 11% from a year earlier, marking the first time since 2006 that Salesforce missed revenue, according to LSEG. Salesforce said the quarter saw budget scrutiny and longer deal cycles than usual. PayPal – The payment platform gained 2% after switching to purchasing from Mizuho. Analyst Dan Dolev cited PayPal’s recently launched one-click payment tool Fastlane as a potential catalyst for the stock’s growth. Okta — Okta shares rose nearly 5% after Evercore ISI upgraded the access management company to outperform and increased its price target, saying Okta’s strong quarterly results suggest the company has moved beyond execution issues. Birkenstock — Shares of the shoe maker jumped 8% after reporting second-quarter earnings and revenue. The company also raised its full-year revenue forecast to 1.77-1.78 billion euros, up from its previous estimate of 1.74-1.76 billion euros. Foot Locker — Shares rose more than 12% in premarket trading after the clothing and sneaker retailer reported first-quarter earnings that beat expectations. The company reported adjusted earnings of 22 cents per share, while analysts polled by LSEG expected earnings of 12 cents per share. “We had a strong start to the year in the first quarter, which demonstrates that our Lacing Plan is working,” CEO Mary Dillon told CNBC. Best Buy Shares rose 1% after the electronics retailer reported fiscal first-quarter earnings of $1.20 per share, higher than the $1.08 expected by analysts surveyed by LSEG. However, Best Buy’s revenue of $8.85 billion was below the consensus estimate of $8.96 billion. Dollar General — Shares rose 2.5% after the discount retailer beat first-quarter profit estimates. Earnings per share were $1.65 versus $1.57 expected by analysts polled by LSEG. Revenue was $9.91 billion, beating the consensus estimate of $9.90 billion. Kohl’s — Shares fell 20% after the department store chain reported a first-quarter loss of 24 cents per share, compared with analysts’ expectations of a gain of 4 cent, according to LSEG. The company’s revenue of $3.18 billion also fell short of expectations of $3.34 billion. American Eagle Outfitters – Shares fell 7% after the company reported weaker-than-expected fiscal first-quarter sales despite better performance arrived. CFO Mike Mathias told CNBC the apparel company maintains a “cautious” outlook for the second half of the year. HP — Shares of the technology company jumped 4% after it reported fiscal second-quarter profit of 82 cents on revenue of $12.8 billion, beating analysts polled by LSEG by 81 cents on revenue of $12. $60 billion Nutanix – Shares fell 12% after the cloud company posted fiscal fourth-quarter revenue forecast of $530 million to $540 million, while analysts polled by StreetAccount were expecting $546 million. Nutanix, however, beat expectations for both earnings and sales in the fiscal third quarter. UiPath — Shares fell 29% after UiPath issued second-quarter and full-year revenue guidance that missed expectations. For the second quarter, the software company expects revenue of $300 million to $305 million, below the FactSet consensus estimate of $342.3 million. The company also announced that CEO Rob Enslin will retire effective June 1. C3.ai – Technology shares jumped 10% after a better-than-expected fourth-quarter financial report. C3.ai reported an adjusted loss of 11 cents per share on revenue of $86.6 million. Analysts polled by StreetAccount were expecting a loss of 30 cents per share on revenue of $84.4 million. The company said it expects revenue to grow by about 23% in the new financial year. — CNBC’s Michelle Fox, Fred Imbert, Yun Lee, Sarah Min, Jessie Pound and Pia Singh contributed reporting.
