Oracle shares saw a significant rise of 9% in extended trading following the company’s announcement of their fiscal first-quarter results. These results surpassed Wall Street estimates, portraying a strong performance by the database software vendor. The company reported earnings per share of $1.39 adjusted, compared to the expected $1.32, and revenue of $13.31 billion, surpassing
Earnings
Broadcom recently released its fiscal third-quarter results, surpassing Wall Street’s revenue and earnings expectations. Despite this positive performance, the company experienced a 7% drop in its shares during extended trading following guidance that aligned with market expectations. Financial Highlights The company reported earnings per share of $1.24, slightly exceeding the estimated $1.20. Additionally, Broadcom reported
Volvo Cars recently announced a revision to its margin and revenue targets, signaling a shift in its corporate strategy. The Swedish automaker, a majority-owned subsidiary of China’s Geely Holding, has adjusted its EBIT margin goal for 2026 to 7-8%, down from the previous target of “above 8%.” This decision was influenced by the increased complexity
CrowdStrike, a cybersecurity software maker, recently reported strong fiscal second-quarter results that beat LSEG consensus. The company’s earnings per share came in at $1.04 adjusted compared to the expected 97 cents, while revenue reached $963.9 million against the anticipated $959 million. Despite these positive numbers, CrowdStrike’s shares slipped 4% in extended trading following the announcement
Gap shares were halted Thursday morning after an unexpected early release of their quarterly earnings results. The apparel retailer had intended to post their second-quarter earnings after the closing bell on Thursday. However, Bloomberg reported that a presentation showcasing the results briefly appeared on Gap’s website in the morning, causing confusion and speculation among investors.
Nvidia, a leading technology company, experienced a dip in its shares during premarket trading in the U.S. due to its fiscal second-quarter gross margin slipping slightly and falling short of high market expectations. While the company reported an impressive revenue beat in the July quarter, with over $30 billion in revenue, a 122% increase year-on-year,
Thursday saw the S&P 500 rise by 0.7%, despite Nvidia’s decline after their impressive earnings report. Nvidia’s stock tumbled 3.5% due to falling short on analysts’ expectations for their full-year outlook on gross margins. Jim Cramer referred to Nvidia’s chief executive as the “mortal Jensen Huang” following the company’s earnings call. While he maintains a
American Eagle, a well-known apparel company, recently released its second quarter earnings report, and the results were a bit of a mixed bag. While the company missed Wall Street’s sales targets for the second quarter in a row, profit grew by nearly 60%. This significant increase in profit was attributed in part to lower product
MongoDB experienced a significant boost in their shares, climbing by as much as 16% in after-hours trading following the release of their fiscal second-quarter earnings report. The company outperformed expectations, with adjusted earnings per share coming in at 70 cents compared to the anticipated 49 cents. Additionally, MongoDB reported revenue of $478.1 million, exceeding the
Salesforce’s second-quarter results exceeded expectations, with earnings per share coming in at $2.56 adjusted, compared to the expected $2.36. Revenue also outperformed, reaching $9.33 billion, higher than the anticipated $9.23 billion. The company’s revenue increased by 8% year over year, ending on July 31. This growth was attributed to a rise in average revenue per