Stocks to watch in after hours: Nordstrom, HP, Guess, Autodesk

Yahoo Finance Live anchor Seana Smith highlights which stocks to watch in after-hours trading.

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DAVE BRIGGS: Seana, what's moving after-hours?

SEANA SMITH: All right, Dave, let's take a look at a couple of stocks here. We have Nordstrom, HP, Guess, and Autodesk. Let's kick it off with Nordstrom. We're looking at a loss of just about 5% in extended trading. The results, actually, for the most recent quarter were pretty decent. They beat on both the top and bottom lines. They also reaffirmed their full year forecast for revenue and adjusted EPS.

We talked to Morningstar analyst David Swartz earlier this hour, and he said that he thinks this reaction is a bit of an overreaction. It wasn't all good news, though, for the company. Net sales at Nordstrom Rack did decline nearly 2%. Digital sales were off just over 16%. Some comments on inventory in this release, Nordstrom saying that it is working to rightsize inventory levels and is on track to end 2022 in a healthier position.

Let's take a look at Hewlett-Packard, moving to the upside, up just about 1/2 of a percent here. Outlook, though, a bit disappointing when it comes to this name. The company seeing Q1 adjusted EPS of $0.70 to $0.80. The Wall Street was looking for an outlook of $0.86. Fourth quarter revenue declining 11%. The drop coming as PC demand continues to fall. Plans to cut up to 6,000 jobs by the end of fiscal 2025. Again, we're looking at losses of about half of a percent. Over the past three months, stock off 12%.

Taking a look at retailer Guess, that stock off just about 5% after-hours, as shares dropping, revenue off about 3 and 1/2% from a year ago. Adjusted earnings of $0.44 was a miss in terms of what the Street was looking for. Over the last three months, though, we are looking at gains in gas.

And coming off with Autodesk, a software player, that's off nearly 8% in extended trading. The company did cut its full year billings forecast. That's the main driver for the move to the downside. The company now sees billings of $5.57 billion to $5.67 billion. The Street was looking for up to $5.8 billion. Fourth quarter forecasts also coming in a bit light there. The company board approving a $5 billion buyback plan. But again, off just around 7 and 1/2% over in extended trading over the last-- let's take a look at the year to date chart. We're still looking at losses of just about 25%.