Stocks to Watch: Salesforce, Weibo, PVH
November 29 2023 - 7:18PM
Dow Jones News
By Sabela Ojea
Salesforce on Wednesday reported a surge in both third-quarter
profit and projected earnings ahead of Wall Street estimates for
the current quarter. Shares of the company climbed 8.7% to $250.30
in after-hours trading.
Weibo commenced an offering of American depositary receipts,
which it intends to loan to an affiliate of the offering's
underwriter. Shares of the social media company declined 6% to
$10.64 in after-hours trading.
PVH lowered its revenue expectations for the year and said it
expects to report a decline in sales in the fourth quarter. Shares
of the owner of Calvin Klein and Tommy Hilfiger dropped 5.5% to
$86.50 in after-hours trading.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 29, 2023 19:03 ET (00:03 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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