Honeywell, Salesforce And 3 Stocks To Watch Heading Into Tuesday
With U.S. stock futures trading sightly higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
- Wall Street expects Core & Main, Inc. CNM to report quarterly earnings at 65 cents per share on revenue of $1.99 billion before the opening bell, according to data from Benzinga Pro. Core & Main shares rose 0.04% to $48.31 in after-hours trading.
- Honeywell International Inc. HON announced a strategic agreement with Bombardier and slashed its 2024 outlook. The company lowered its full-year 2024 revenue guidance from a range of $38.6 billion to $38.8 billion to a new range of $38.2 billion to $38.4 billion, versus estimates of $38.69 billion. Honeywell also lowered its full-year earnings outlook from a range of $10.15 to $10.25 per share to a new range of $9.68 to $9.78 per share, versus estimates of $10.19 per share. Honeywell shares fell 1.7% to $226.00 in the after-hours trading session.
- Analysts expect Salesforce, Inc. CRM to post quarterly earnings at $2.44 per share on revenue of $9.35 billion. The company will release earnings after the markets close. Salesforce shares gained 0.3% to close at $331.01 on Monday.
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- Zscaler Inc ZS reported upbeat earnings for its fiscal first quarter. The company said it expects fiscal second-quarter revenue to be in the range of $633 million to $635 million versus estimates of $633.84 million. The company anticipates second-quarter adjusted earnings of 68 cents to 69 cents per share versus estimates of 69 cents per share. Zscaler shares dipped 8.4% to $191.10 in the after-hours trading session.
- Analysts expect Marvell Technology, Inc. MRVL to post quarterly earnings at 41 cents per share on revenue of $1.46 billion after the closing bell. Marvell Technology shares gained 1.5% to $98.29 in after-hours trading.
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