Another notable player, United Airlines, saw its shares dip more than 2% after hours.
While the airline’s earnings exceeded expectations, its revenue for the third quarter fell short.
Looking ahead, United anticipates earnings between $3 and $3.50 per share for the fourth quarter,
after adjustments.
Hewlett Packard Enterprise also faced challenges, with shares dropping about 8% following a
weaker-than-expected fiscal 2026 forecast. The company projects earnings between $2.20 and $2.40
per share on an adjusted basis, with revenue growth expected to be between 5% and 10%.
In a bid to bolster investor confidence, HPE announced a 10% increase in its dividend for fiscal 2026
and plans to boost stock buybacks by $3 billion.
Shares of Becton Dickinson fell nearly 6% after the announcement of Chief Financial Officer Chris
DelOrefice’s departure, effective December 5. The company is currently searching for a permanent
replacement but has appointed Vitor Roque, the senior vice president of finance for business units,
as the interim CFO.
Zion Bancorp’s shares dropped nearly 4% after the bank revealed it would write off $50 million
to cover two loans linked to borrowers facing legal action. Additionally, the bank is taking a
$60 million provision related to these loans, which originated from its California division.
Zion has indicated plans to pursue legal action to recover the funds.
On a more positive note, Salesforce experienced a share increase of over 4% after announcing
new financial targets for the upcoming years. The software giant expects its revenue to exceed
$60 billion by 2030, surpassing the $58.37 billion consensus among analysts surveyed by LSEG.
This optimistic forecast was shared during the company’s investor day and does not account for
the potential impact of its pending acquisition of Informatica.
— CNBC’s Pia Singh contributed to this report. (Learn the best 2026 strategies from inside the NYSE
with Josh Brown and others at CNBC PRO Live. Tickets and info here.)
