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Showing posts with the label adjusted earnings

Stocks making the biggest moves after hours: Meta Platforms, ServiceNow, Align Technology and more

A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. Benoit Tessier | Reuters Check out the companies making headlines after the bell :  Meta Platforms — The Facebook parent plunged more than 13% after missing earnings estimates for the third quarter. Meta beat revenue estimates, posting a better-than-expected decline year-over-year but shared disappointing guidance for the fourth quarter. Ford Motor — Ford Motor shares dipped 1.1% in postmarket trading despite surpassing estimates on the top and bottom lines. The automaker took a $2.7 billion noncash writedown on its Argo AI venture, which resulted in an $827 million net loss. ServiceNow — The software stock soared 12.4% postmarket as earnings per share came in 12 cents ahead of Wall Street expectations. Other cloud stocks also rose in extended trading, including Arista Networks, which add...

Stocks making the biggest moves after hours: Meta Platforms, ServiceNow, Align Technology and more

A logo of Meta Platforms Inc. is seen at its booth, at the Viva Technology conference dedicated to innovation and startups, at Porte de Versailles exhibition center in Paris, France June 17, 2022. Benoit Tessier | Reuters Check out the companies making headlines after the bell :  Meta Platforms — The Facebook parent plunged more than 13% after missing earnings estimates for the third quarter. Meta beat revenue estimates, posting a better-than-expected decline year-over-year but shared disappointing guidance for the fourth quarter. Ford Motor — Ford Motor shares dipped 1.1% in postmarket trading despite surpassing estimates on the top and bottom lines. The automaker took a $2.7 billion noncash writedown on its Argo AI venture, which resulted in an $827 million net loss. ServiceNow — The software stock soared 12.4% postmarket as earnings per share came in 12 cents ahead of Wall Street expectations. Other cloud stocks also rose in extended trading, including Arista Networks, which add...

Stocks making the biggest moves after hours: Qualtrics, W.R. Berkley, Discover Financial and more

Sopa Images | Lightrocket | Getty Images Check out the companies making headlines after the bell :  Discover Financial — Shares fell about 1.8% after Discover Financial posted weaker-than-expected earnings for the recent quarter and noted that it expects operating expenses to rise more than previously anticipated for the full year. Cadence Design Systems - Shares of the software firm rose 1.6% after raising its full-year earnings per share guidance and posting a top and bottom line beat for the recent quarter. Cadence Design Systems posted earnings of $1.06 a share, beating an estimate of 96 cents, according to StreetAccount. Qualtrics — Qualtrics' stock surged 9.9% after the company beat analysts' expectations on the top and bottom lines for the recent quarter and raised its guidance. Amazon — Shares of the technology giant slipped less than 1% on a report from the New York Post that it's freezing hiring in its Amazon Web Services division. Packaging Corp of America...

Stocks making the biggest moves midday: Kohl's, Broadcom, Lululemon and more

People walk near a Kohl's department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Check out the companies making the biggest moves midday: Kohl's — Shares of the retailer jumped 7 .8% after a Reuters report that private equity firm Oak Street Real Estate Capital has made an offer to acquire as much as $2 billion of Kohl's property and have the retailer lease back its stores. Reuters cited people familiar with the matter. Broadcom — Broadcom shares advanced more than 4% after the chipmaker reported quarterly earnings and revenue that exceeded analyst forecasts and issued stronger-than-expected revenue guidance for the current quarter. The company's CEO, Hock Tan, also said it's expecting strong demand to continue this quarter. Lululemon — Shares of apparel company surged nearly 9% after Lululemon's earnings cruised past analyst estimates for the second quarter. The company reported $2 .20 in adjusted earnings per share on ...

Stocks making the biggest moves midday: Kohl's, Broadcom, Lululemon and more

People walk near a Kohl's department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Check out the companies making the biggest moves midday: Kohl's — Shares of the retailer jumped 7 .8% after a Reuters report that private equity firm Oak Street Real Estate Capital has made an offer to acquire as much as $2 billion of Kohl's property and have the retailer lease back its stores. Reuters cited people familiar with the matter. Broadcom — Broadcom shares advanced more than 4% after the chipmaker reported quarterly earnings and revenue that exceeded analyst forecasts and issued stronger-than-expected revenue guidance for the current quarter. The company's CEO, Hock Tan, also said it's expecting strong demand to continue this quarter. Lululemon — Shares of apparel company surged nearly 9% after Lululemon's earnings cruised past analyst estimates for the second quarter. The company reported $2 .20 in adjusted earnings per share on ...

Stocks making the biggest moves after hours: Lululemon, Broadcom and more

In this article LULU PD AVGO Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after hours trading. Lululemon – Shares of activewear brand Lululemon jumped 9.4% after the company reported quarterly earnings after the bell Thursday. The company reported adjusted earnings per share of $2.20 versus expectations of $1.87, according to Refinitiv. It also brought in $1.87 billion in revenue versus an anticipated $1.77 billion. PagerDuty—PagerDuty shares climbed 6.3% after the company&#x27 ;s quarterly results beat Wall Street estimates. The company reported a $0.04 loss per share compared to estimates of a $0.08 loss. Revenue was $90. 3 million versus an anticipated $88.1 million per Refinitiv. Broadcom – Shares of Broadcom jumped 2.1% after the company posted a beat on the top and bottom lines. The company reported an adjust...

Stocks making the biggest moves after hours: Snowflake, Nvidia, Salesforce and more

In this photo illustration the stock trading graph of Nvidia Corporation seen on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in after hours trading. Nvidia – Nvidia slipped 2.5% after quarterly earnings missed Wall Street expectations on the top and bottom line. Nvidia brought in adjusted earnings per share of 51 cents versus expectations of $1.26. Revenue was $6.7 billion where analysts expected $8 .10 billion, according to Refinitiv. Salesforce – Salesforce slid 4.7% when the company gave weaker than expected third quarter and full-year guidance on earnings and revenue. Otherwise, the maker of customer relationship management software reported results that beat Wall Street's expectations on the top and bottom lines in the latest quarter. Snowflake – Snowflake surged 16.2% after revenue handily beat analyst estimates. Revenue of $497 million topped estimates of $467 million, per Refinitiv. Autodesk – Aut...