Monday’s session saw a 3% drop in the price of Salesforce.com shares after reporting a weak revenue for the first quarter. Even so, the company’s fourth-quarter revenue was better than expected, announcing earnings per share of 70 cents on revenue of 3.6 percent. Wall Street expects earnings per share of 55 cents on revenue of $ 3.56 billion.
Salesforce.com estimated first quarter revenue from 3.67 to 3.68 billion USD, not yet reaching the expected level of 3.7 billion USD. The company predicts earnings per share of 60 to 61 cents, lower than analysts’ 63 cents forecast.
GameStop saw their stock rise 4% just hours after news that the $ 300 million share repurchase approval was approved by the board. The repurchase of this stock will replace the previous redemption authorization, leaving $ 170 million. The board also declared quarterly cash dividends of 38 cents per share.
Invitae shares fell more than 5% after announcing the company began offering $ 125 million in public shares. Invitae will also offer new shareholders a 30 option to buy up to an additional $ 18.75 million in shares.
Ascendis Pharma also saw a 2% drop after closing the market on Monday when the Danish-based pharmaceutical company announced a public offering of US $ 400 million in US stock. Buyers will also have the option to purchase an additional $ 60 million in stock over a 30-day period.