Tuesday, September 1

Business & Finance

Shares of data protection software company Commvault (NASDAQ:CVLT) fell 17.5% in the morning session after the company reported better-than-expected second-quarter results but issued a weak forecast for the upcoming quarter and saw its billings fall short of estimates.Although the data protection software company’s sales rose 11.4% year-on-year to $314.1 million and its profit per share…

Shares of parcel delivery company UPS (NYSE:UPS) fell 3.7% in the morning session after the company posted second-quarter results where a steep drop in profitability overshadowed a beat on revenue and adjusted earnings. The parcel delivery company reported revenue of $22.8 billion and adjusted earnings of $1.76 per share, both surpassing Wall Street expectations. UPS…

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