It was another down day for treasury bonds, while U.S. equities as a whole posted losses yesterday. The S&P 500 Index was 0.3% lower, the Dow Jones Industrial Average grew by a fraction of a percentage and the Nasdaq Composite declined 1.1%.
Here’s how they did:
Box Inc (BOX)
Box shares fell 0.5% during regular trading hours, but managed to climb higher following the company’s quarterly earnings report.
The tech company revealed that its earnings came in at a loss of 14 cents per share on an adjusted basis, 17 cents better compared to the year-ago quarter. Wall Street was calling for an adjusted earnings loss of 19 cents per share.
Box now has more than 69,000 enterprise clients that it aids in keeping their products safe in the cloud. Free cash flow was negative at a loss of $10.9 million, but this figure was exponentially better than the $37.8 million it lost a year ago.
Deferred revenue came in at $192.6 million over the three-month period, marking a 36% increase compared to what Box posted a year ago. The company has managed to find its footing in a data storage industry that has no shortage of competitors.
BOX stock was 1.1% higher after the bell Wednesday.
Guess?, Inc. (GES)
Guess had a rough hump day as earnings failed to hit its third-quarter target.
The company earned 11 cents per share over the course of its most recent three-month period, falling short of the 14 cents per share that the consensus estimate called for.
Net sales were also weaker than expected for Guess as the apparel retailer raked in $521 million over the quarter. Wall Street was calling for revenue of $549 million.
For its current fourth quarter, the company cut its adjusted earnings outlook drastically to now be in the range of 42 cents to 52 cents. The previous forecast saw adjusted earnings between 62 cents and 75 cents per share.
Guess’ previous guidance assumed a better performance from the company’s American Retail brand.
GES shares fell 14% after hours Wednesday.
Synopsys, Inc. (SNPS)
Synopsys shares fell as earnings met expectations yesterday afternoon.
The software chip developer earned 47 cents per share in its 2016 fourth quarter, while earnings excluding items came in at 77 cents per share, in line with the 75 cents to 78 cents per share predicted by Wall Street.
Analysts polled by Thomson Reuters also called for revenue of $621 million to $636 million and Synopsys’ managed to bring in $633.7 million. The figure topped the year-ago revenue by 7.9%.
The company also announced that it has acquired Cigital and Codsicope, which will boost its security offerings.
For its current quarter, earnings are slated to be in the range of 77 cents to 80 cents, while revenue will be around $637.5 million. Both figures are better than analysts’ estimates.
SNPS lost 1.9% after Wednesday’s market close.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.