Salesforce

reported first-quarter adjusted earnings that topped Wall Street predictions but shares of the business-software company were falling 18% after revenue of $9.13 billion came up short and its outlook for the current fiscal second quarter missed estimates. Salesforce said it expects second-quarter revenue of $9.2 billion to $9.25 billion and adjusted earnings of $2.34 to $2.36 a share. Analysts had been expecting revenue of $9.35 billion and profit of $2.40. The company’s current remaining performance obligations, which combines deferred revenue and order backlog, rose 10% in the first quarter but Salesforce had told analysts to expect growth of 12%.

UiPath

was plunging 35% as the automation-software company said it expects fiscal second-quarter revenue of $300 million to $305 million, well below analysts’ estimates that called for $333 million. UiPath’s revenue outlook for the fiscal year also missed forecasts. “During the first quarter we saw increased deal scrutiny and lengthening sales cycles for large, multi-year deals,” Chief Financial Officer Ashim Gupta said in a press release. “We have considered these factors, the current macroeconomic environment and our leadership transition in our updated guidance for the remainder of the year.” UiPath also said it would “reappoint” Daniel Dines, a UiPath co-founder, as chief executive.

Foot Locker jumped 28% after the athletic-footwear retailer reported first-quarter adjusted earnings of 22 cents a share, topping forecasts of 12 cents.

Kohl’s sank 25% after swinging to a surprise loss in the first quarter and reducing its fiscal-year outlook. The retailer said it expects fiscal-year profit of $1.25 to $1.85 a share, below consensus of $2.40.

Best Buy jumped 11% after the electronics retailer reported fiscal first-quarter earnings that beat estimates but posted softer-than-expected revenue and same-store sales as shoppers remain wary of splurging on pricey items.

Agilent Technologies

reduced its fiscal-year forecast for adjusted earnings and revenue, saying that while it sees the market for its products improving it has been “improving at a slower pace than anticipated.” Shares of the laboratory supplies and services company were falling 10%.

C3.ai

reported better-than-expected fiscal fourth-quarter revenue and the maker of enterprise artificial-intelligence software said it anticipates fiscal 2025 revenue of between $370 million and $395 million, higher than Wall Street estimates that called for $367.7 million. “Demand for enterprise AI is intensifying, and our first-to-market advantage in enterprise AI positions us well to capitalize on it,” said Chief Executive Thomas Siebel. Shares of C3.ai rose 14%.

HP Inc.

earned 82 cents a share on an adjusted basis in the second quarter, just beating estimates of 81 cents, as revenue fell 0.8% to $12.8 billion but still managed to top expectations of $12.61 billion. Enrique Lores, CEO of the personal computer and printer company, told Barron’s that enterprises have been “starting a new cycle” and that it sees a “funnel of opportunities for the second half that’s much stronger than we saw before.” The stock was up 10%.

Nutanix fell 19% after the cloud-computing company issued weak revenue guidance for its fiscal fourth quarter and year. The company said it anticipates revenue in the fourth quarter of between $530 million and $540 million, below estimates of $546 million.

American Eagle Outfitters

was down 8.8% after the clothing retailer’s fiscal first-quarter sales rose 6% from a year earlier to $1.14 billion but missed analysts’ estimates of $1.15 billion.

Earnings reports are expected after the closing bel Thursday from

Dell Technologies
,

Costco Wholesale
,

Marvell Technology
,

Zscaler
,

MongoDB
,

Ulta Beauty
,

Gap
,

NetApp
,

and

Nordstrom
.

Write to Joe Woelfel at joseph.woelfel@barrons.com