Oracle recently reported its fiscal first-quarter results, showcasing impressive numbers that exceeded Wall Street estimates. The company’s earnings per share came in at $1.39 adjusted, surpassing the expected $1.32. Additionally, Oracle’s revenue for the quarter was $13.31 billion, exceeding the anticipated $13.23 billion. This strong performance led to a 9% surge in Oracle’s stock price
Earnings
Broadcom recently reported its fiscal third-quarter results, exceeding Wall Street expectations for both revenue and earnings. The company’s earnings per share came in at $1.24, which was higher than the expected $1.20. Additionally, Broadcom’s revenue reached $13.07 billion, surpassing the predicted amount of $12.97 billion. Despite the positive earnings and revenue figures, Broadcom’s shares dropped
Volvo Cars, a Swedish automaker majority-owned by China’s Geely Holding, recently announced a shift in its margin and revenue targets. The company is now aiming for an EBIT margin goal of 7-8% by 2026, down from its previous target of “above 8%.” This change is attributed to increased complexity, especially concerning global trade and tariffs.
CrowdStrike, the cybersecurity software maker, recently reported its fiscal second-quarter results, exceeding expectations in terms of earnings per share and revenue compared to LSEG consensus. The company’s revenue grew by 32% year over year, reaching $963.9 million for the quarter ending on July 31. The net income also saw a significant increase to $47 million,
Nvidia’s shares took a hit in U.S. premarket trade recently due to various factors affecting the company’s fiscal second-quarter performance. The company saw a slight dip in its gross margin and, while its revenue beat analysts’ expectations, it wasn’t enough to satisfy the high hopes set by investors. This led to a 4.6% drop in
Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early. The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported that a presentation showing the results briefly appeared on Gap’s website in the morning. The earnings no longer appeared to be posted on
The S & P 500 saw a 0.7% increase on Thursday, despite Nvidia’s AI chipmaker stock taking a hit with a 3.5% decline. The company exceeded expectations on both revenue and profit margins during Wednesday’s earnings report. However, analysts were not impressed with Nvidia’s full-year outlook on gross margins. Jim Cramer pointed out that while
MongoDB’s shares surged by 16% in extended trading following the release of its fiscal second-quarter earnings report. The company exceeded LSEG consensus expectations with an adjusted earnings per share of 70 cents, compared to the expected 49 cents. Additionally, MongoDB reported revenue of $478.1 million, surpassing the anticipated $464.1 million. In the quarter ending on
American Eagle faced disappointment on Wall Street as they missed their sales targets for the second consecutive quarter. Despite this setback, the company managed to increase its profit by nearly 60%. This growth was attributed, in part, to lower product costs. As a result, the company’s shares experienced a 3% drop in early trading on
Salesforce, a leading business software maker, reported strong fiscal second-quarter results that surpassed estimates and raised its full-year profit outlook. The company’s earnings per share of $2.56 adjusted was higher than the expected $2.36, while revenue of $9.33 billion exceeded the anticipated $9.23 billion. This indicates substantial growth and financial health for Salesforce in the