Market Updates
Movers: Box, HP Inc , HPE Company, Insulet, PVH Corp
Scott Peters
30 Aug, 2023
New York City
Hewlett Packard Enterprise Company declined 3.2% to $16.29 after the company reported mixed quarterly results.
Revenue in the fiscal third quarter was $7 billion and adjusted earnings per share was 7 cents.
HP Inc fell 9.9% to $28.37 after the maker of personal computers and digital devices and systems reported weaker-than-expected fiscal third quarter revenue of $13.2 billion and adjusted earnings per share of 86 cents.
Insulet Corporation increased 4.8% to $198.91 after chief executive James Hollingshead reported purchasing of 5,500 shares in the medical device maker.
On Monday, the company announced the launch of the insulin delivery system Omnipod 5 in its third largest market Germany.
Box Inc dropped 8.9% to $27.77 after the cloud storage company reported mixed quarterly results.
PVH Corp rose 1% to $80.99 after the owner of several apparel brands including Calvin Klein reported strong quarterly results.
The apparel maker reported quarterly revenue increased to $2.21 billion and adjusted earnings per share to $1.98.
The company also lifted its full-year earnings per share and revenue outlook.
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