adminHere are the stocks making notable moves after Wednesday’s market close: C3.ai — Shares of the technology company dropped 16% after subscription revenue came in below expectations for the fiscal first quarter. C3.ai reported $73.5 million in subscription revenue for the period, below the $79.2 million expected by analysts, according to FactSet. Topgolf Callaway — The golf equipment and entertainment stock jumped 1% after the company announced that it will split into two separate firms. Callaway will be a golf equipment and active lifestyle company, while Topgolf will focus on golf entertainment. Hewlett Packard Enterprise — The tech stock fell 3% despite better-than-expected adjusted earnings for the firm’s fiscal third quarter. HP Enterprise also updated its full-year guidance, including projecting $1.9 billion in free cash flow compared to prior guidance of at least $1.9 billion. Verint Systems — The automation technology stock fell 17% after fiscal second-quarter results missed expectations. Verint reported 49 cents in adjusted earnings per share on $210 million of revenue. Analysts surveyed by LSEG were expecting 53 cents on $213 million of revenue. AeroVironment — Shares of the defense contractor slid 5% after the company reaffirmed its full-year guidance despite beating estimates on the top and bottom lines for its fiscal first quarter. Sprinklr — Shares of the software company fell 4%. Sprinklr issued weak guidance for the fiscal year, calling for adjusted earnings to range between 32 cents and 33 cents a share, compared to the 41 cents per share expected by analysts, per FactSet. The company’s forecast for subscription revenue in the fiscal year also fell short of the Street’s expectations. ChargePoint — The electric vehicle charging technology company lost 8%. Revenue for ChargePoint’s fiscal second quarter came in at $109 million, missing Wall Street’s call for $114 million, according to LSEG. The company also issued a bleak forecast for the current quarter’s revenue and announced that it is cutting 15% of its workforce. XPO — The trucking company tumbled 7% after saying preliminary less-than-truckload tonnage dropped 4.6% in August from the year-earlier period. Management blamed “a soft demand environment.” Copart — The online car auction service slumped nearly 6% after fiscal fourth-quarter earnings of 33 cents per share missed the consensus analyst estimate of 37 cents, according to FactSet. Gross income and operating income were also shy of Street expectations. — CNBC’s Darla Mercado and Scott Schnipper contributed reporting.
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