U.S. stocks were in negative territory on Tuesday as investors worried about U.S.-China trade relations. The Dow Jones Industrial Average fell 0.93% to 25,348, the S&P 500 index declined 0.84% to 2,802 and the Nasdaq Composite Index slid 0.39% to 7,607.
Shares of Anaplan Inc. (PLAN, Financial) jumped 18% on Tuesday after the company announced first-quarter 2020 results. Revenue grew 47.1% from the prior-year quarter to $75.83 million, beating expectations by $5.17 million. The company reported a loss of 16 cents per share, but beat analyst estimates by 4 cents.
“We are very pleased to start our fiscal year with strong first-quarter results," CEO Frank Calderoni said. "This is an indication of our continued success with our Connected Planning solution.”
Looking ahead to the second quarter, the software company expects total revenue to be between $77.5 million and $78.5 million. The non-GAAP operating margin is projected to be between -25.5% and -26.5%.
For full fiscal 2020, Anaplan forecasted total revenue to range from $326 million to $331 million. The non-GAAP operating margin is anticipated to be between -22.5% and -23.5%.
Gainers
- Advanced Micro Devices Inc. (AMD, Financial)
- Total System Services Inc. (TSS, Financial)
- Chipotle Mexican Grill Inc. (CMG, Financial)
- BorgWarner Inc. (BWA, Financial)
Losers
- Kraft Heinz Co. (KHC, Financial)
- Perrigo Company PLC (PRGO, Financial)
- Altria Group Inc. (MO, Financial)
- Gilead Sciences Inc. (GILD, Financial)
- Humana Inc. (HUM, Financial)
Global markets
The main European stock markets traded in the red. The U.K.'s FTSE 100 fell 0.12%, France's CAC 40 retreated 0.44%, Germany's Dax dipped 0.37% and Spain's IBEX 35 declined 0.27%.
In Asia, Japan's Nikkei 225 climbed 0.37%, India’s BSE Sensex rose 0.17%, Hong Kong's Hang Seng gained 0.38% and China's Shanghai Composite swelled 0.61%.
Disclosure: The author holds no positions in any stocks mentioned.
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