NEW YORK (
were among the worst performers in the
The S&P 500 increased 1.82 points, or 0.14%, to close at 1,320.68 on Thursday.
Shares of NetApp dropped 12.33% to $28.81. After Wednesday's closing bell, the storage and data management technology company reported non-GAAP fourth-quarter earnings of $252 million, or 66 cents a share, up from year-earlier earnings of $237 million, or 59 cents a share.
The company also forecast non-GAAP earnings of 34 to 39 cents a share for its fiscal first quarter, which is below
for a profit of 42 cents a share.
Shares of NetApp hit a 52-week low on Thursday of $27.79. The stock's 52-week high of $56.48 was set on May 26.
NetApp's stock currently trades at an estimated price-to-earnings ratio for next year of 11.66X; the average for computer hardware companies is 16.38X. For comparison,
Eighteen of the 33 analysts who cover NetApp rate it at hold; 15 analysts give the stock a buy rating.
The stock has fallen 20.57% year to date.
Tiffany shares lost 6.81% to $57.59 on Thursday after the jewelry company reported first-quarter earnings of $82 million, or 64 cents a share, below Wall Street expectations for a profit of 69 cents a share in the period.
to a range of $3.70 to $3.80 a share from a prior projection for a profit ranging from $3.95 to $4.05 a share.
Shares of Tiffany hit a 52-week low on Thursday of $55.75. The stock's 52-week high of $84.49 was set on July 7.
Tiffany's stock currently trades at a forward P/E of 12.84X; the average for specialty retailers is 14.92X.
Thirteen of the 24 analysts who cover Tiffany rate it at hold. Ten analysts give the stock a buy rating and one rates it at sell.
The stock has dropped 13.08% year to date.
Written by Alexandra Zendrian in New York
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