Western Digital and Bloom Energy beat forecasts but shares fall; Deckers drops 7%
Strong results were not enough for Western Digital and Bloom Energy after the market closed on Thursday. Both beat analysts' forecasts, but their shares still fell, following a heavy sell-off in AI-related stocks during the day, CNBC reported.
Western Digital: a beat, then a fall
The data storage company reported revenue of $4.38bn for its fiscal first quarter, ahead of the $4.14bn expected, CNBC said. Adjusted earnings of $4.64 a share beat the LSEG consensus of $4.09.
The decline came after "hard selling in the artificial intelligence trade during the regular session", CNBC said. On Thursday the Nasdaq had its worst day since June.
Bloom Energy: record quarter
Bloom said quarterly revenue reached a record $1,235.8m, up 138.1% from a year earlier. Adjusted earnings of 94 cents a share beat the 68 cents analysts expected, according to CNBC.
The fuel-cell company also raised its guidance for full-year revenue and adjusted earnings. CNBC said the new targets came in ahead of estimates. The shares still fell 5%.
The other big movers
| Company | After-hours move | What happened (CNBC) |
|---|---|---|
| Western Digital | -6% | Adjusted EPS $4.64 v $4.09 expected; revenue $4.38bn |
| Bloom Energy | -5% | Adjusted EPS $0.94 v $0.68; revenue $1.24bn |
| Deckers Outdoor | about -7% | Revenue $1.48bn v $1.51bn expected |
| VeriSign | almost -5% | EPS $2.35 v $2.46 expected |
| Comfort Systems | -5% | Announced finance chief Bill George will retire |
| Omnicom | +2% | Adjusted EPS $2.73 v $2.67; revenue $6.42bn |
| RingCentral | +14% | Revenue up about 5.9% to $676m |
Deckers outlook trails consensus
Deckers' fiscal second-quarter revenue of $1.48bn missed the $1.51bn analysts expected. Sales of both Hoka and UGG were below StreetAccount estimates, CNBC said.
The company expects full-year revenue of $5.7bn to $5.73bn. That is below the consensus estimate of $5.88bn.
