Box, HP Inc., Hewlett Packard Enterprise, PVH: After-hours movers

Yahoo Finance Live co-host Seana Smith checks out several trending stocks in the after-hours trading session, including Box, Inc. (BOX), HP Inc. (HPQ) after cutting its full-year earnings forecast, Hewlett Packard Enterprise (HPE) after boosting its full-year EPS forecast, and PVH Corp. (PVH) after topping second-quarter earnings estimates.

Video Transcript

SEANA SMITH: Let's take a look at a couple of stocks that are trending after-hours. You've got four earnings reports for you. Let's start off with HP. We're looking at a drop of just about 5% here in extended trading. And taking into account the sluggish demand for the PC market, that, of course, is weighing on HP.

And you look at the results that we saw here over the last 3 months, the stock performance, I should say, hasn't been too impressive. We're looking at essentially flat over the last 3 months year to date, up just about 16% of the company trimming its full year forecast. That's weighing on shares in after-hours. PC pricing not recovering as quickly as expected.

That was executives there chiming in in the earnings release. They did say, though, availability for AI products at the end of next year. They expect that to boost sales here. So a longer term play. Again, HP, though, struggling with a sluggish PC market. And sounds like it could be a challenging couple of months here ahead.

Let's flip over to HPE, Hewlett Packard Enterprise software data side of that business now up just about 2 and 1/2% here in extended trading. Now, third quarter net revenue in line with expectations. They did raise their full year profit outlook, though it is not impressing the Street at least for right now in extended trading.

Sales of compute unit, which includes the data centers and the services, that was off about 13%, which was weaker than expected. Also, storage sales down about 5%. Their business unit with intelligence edge-- now, this is a really key driving factor here in terms of HPE's turnaround strategy-- sales there up 50%. So we'll see whether or not that momentum can last year to date. We're looking at gains of about 5%.

Box off about 7% here in extended trading. The company cutting its full year revenue forecast. Billings declining by about 1% on a year-over-year basis. Year to date, the stock off just about 1% over the last year. We're still looking at some gains, up about 15%, although erasing half of that there in extended trading.

And rounding it out with retailer PVH. Now, this is the parent company of Tommy Hilfiger, also of Calvin Klein. They're out with results here, beating on the top and bottom line. But the third quarter EPS guidance coming in just a bit short. But it looks like the Street is focusing on that beat on the top and bottom line and also its full year profit outlook, which was-- did come in better than expected.

We know retailers have been struggling with a pullback here in discretionary spending. But PVH executives in this earnings release saying that they are growing confident in their ability to execute in the back half of the year. Over the last 3 months, the stock up nearly 10%.