Analysts polled by Refinitiv had expected 82 cents in adjusted earnings per share and $6.66 billion in revenue.
Looking further ahead, Salesforce raised its full fiscal-year 2022 earnings guidance to $4.36 to $4.38 and $26.2 billion to $26.3 billion in revenue.Analysts polled by Refinitiv predicted $3.82 in adjusted earnings per share and $26.01 billion in revenue.
Salesforce revenue forecast includes $530 million from Slack, which is $30 million more than Salesforce had predicted a quarter earlier.
Nordstrom swung to a fiscal-second-quarter profit from the year-ago quarter’s loss.
For the quarter ended July 31, the luxury retail company’s earnings came in at 49 cents a share compared with a loss of -$1.62 a share in the year-earlier quarter.Analysts estimated $3.34 billion.
For the full year, Nordstrom boosted its revenue outlook to 35% from its previous estimate of 25%.
In December, Intuit closed its $3.4 billion acquisition of Credit Karma.
For its fiscal first quarter, Intuit projects revenue growth of approximately 36% to 38%.It expects non-GAAP diluted earnings per share to come in between 94 cents and 99 cents.
For the full fiscal year, Intuit expects revenue of $11.05 billion to $11.2 billion.
Applied Materials reported earnings that exceeded expectations for the fiscal 2021 third quarter, ended Aug. 1. The semiconductor company’s earnings came in at $1.87 per share, well above the $1.74 per share expected by analysts polled by FactSet. It was also up from 91 cents a share in the year-ago quarter. Adjusted profit in the quarter was $1.90, exceeding analysts’ forecast of $1.77...
Salesforce.com got a price target hike from a JMP analyst. Analyst Patrick Walravens boosted his price target on the cloud-based software company’s shares to $320 a share from $282. Walravens increased his second-quarter revenue estimate to $6.24 billion from $6.23 billion, compared to FactSet consensus of $6.24 billion. The analyst also hiked his earnings expectation to 93 cents a share from...
Cisco Systems posted fourth-quarter earnings that exceeded analysts’ expectations. The telecom and networking company’s fourth-quarter non-GAAP earnings came in at 84 cents a share, above analysts’ expectation of 83 cents a share Revenue of $13.1 billion with also topped analysts’ estimate of $13.04 billion. “We continue to see great momentum in our business as customers are looking to...
Victoria’s Secret reported fiscal-second-quarter earnings that surpassed analysts’ expectations. They also marked a turnaround from the year-ago quarter’s loss. Revenue, however, misses analysts' forecasts. For the quarter ended July 31, the lingerie retailer company’s earnings came in at $1.71 a share compared with a loss of -$2.26 a share in the year-ago quarter. Analysts polled by FactSet...
Nvidia reported fiscal second-quarter earnings that exceeded analysts’ expectations. For the quarter ended Aug. 1, the semiconductor company’s adjusted earnings came in at $1.04 a share, compared to the $1.02 a share expected by analysts polled by FactSet. Revenue was $6.51 billion, surpassing analysts’ estimate of $6.33 billion. It was $3.87 billion in the year-ago quarter. Gaming revenue...
Robinhood posted a net loss that were wider than expectations for the second quarter. But the financial services company expressed caution about the third quarter revenue on expected lower trading activity. The company incurred a net loss of - $2.16 per share in the second quarter, compared to a profit of 9 cents in the year-ago quarter. The FactSet analyst consensus expected a loss of -15...
Shares of Krispy Kreme rose after hours Tuesday following second quarter revenue that surpassed analysts’ expectations. Earnings, however, fell a cent short of estimates. The donut company’s second quarter revenue rose +42.6% from the year-ago quarter to $349.2 million , compared to analysts’ expectations of $333.4 million. Earnings came in at 13 cents per share, vs. analysts’ estimates of 14...
Virgin Galactic founder Richard Branson sold about $300 million of shares, in order to support his other businesses hurt by the pandemic. According to a regulatory filing, Branson sold off about 10.5 million shares, or 4%, of the company stock. That leaves him with an 18% stake. The Virgin Group continues to be the largest single shareholder in Virgin Galactic. The proceeds from the sale will...
eBay posted its second quarter earnings that surpassed analysts' expectations, even as revenue missed estimates. The e-commerce company’s earnings came in at 99 cents a share, compared to the 96 cents expected by analysts polled by Investing.com. Revenue of $2.67 billion fell short of analysts expectation of $3 billion. Gross merchandise volume was $22.1 billion in the quarter, down -7% on an...
Advanced Micro Devices shares got designated as a “top catchup candidate” by Bank of America. Bank of America analyst Vivek Arya has a buy rating and $135 price target on the semiconductor company’s shares. The analyst noted that AMD has the strongest upward earnings-per-share revisions among chipmakers and “a clear path” to doubling EPS to about $5 per share. According to Arya, AMD shares...
Upstart Holdings shares got a rating boost at Barclays. Barclays' analyst Ramsey El-Assal upgraded shares of the AI lending platform to overweight from equal weight. The analyst also hiked his price target on the stock to $230 from $130. According to El-Assal, "continued impressive performance," leads to Barclays’ expectations of improvements in conversion rate, top-of-funnel acquisition, and...
SoFi Technologies posted a loss for the second quarter, even as revenue doubled. The online personal finance company incurred a net loss of -48 cents a share, vs. the prior year quarter’s loss of -3 cents a share. Revenue reached $231.27 million in the quarter from $114.95 million last year. SoFi’s total membership rose +113% year-over-year to 2.6 million. Total products increased +123% from...
Walt Disney posted third quarter earnings that surpassed analysts’ expectations, on the back of solid subscriber figure for Disney+ and consumer attendance amid reopenings for its parks and experiences category. The entertainment behemoth’s earnings came in at 80 cents per share, handily beating the 55 cents expected in a Refinitiv survey of analysts. Revenue rose +44% from the year-ago...
Shares of ContextLogic fell, after the company reported a wider than expected net loss for the second-quarter. The parent of the Wish mobile e-commerce platform incurred a loss of -18 cents a share in the quarter, compared with a loss of a dime a share in the year-earlier quarter. Analysts polled by FactSet expected a GAAP net loss of -13 cents a share. Revenue fell to $656 million in the...
Total average revenue per paying user rose to $20.88, compared to $18.12.
The company incurred a loss of -6 cents a share in the second quarter, compared with break-even per share a year ago.Analysts expected a break-even per share figure for the latest quarter.
For full year 2021, Bumble is expecting revenue in the range of $752 million to $762 million, higher than consensus forecast of $736.46 million.
AppLovin's shares climbed in after-hours on Wednesday, following second quarter revenue that surpassed analysts’ expectations.
The mobile technology company’s second-quarter revenue surged +123% year-over-year to $669 million, compared to analysts’ expectations $641 million.It incurred a loss - 10 cents a share in the same period a year ago.
AppLovin offers software for mobile developers to market, monetize, and publish their apps through its mobile advertising, marketing and analytics.
Robinhood announced that it will purchase fintech firm Say Technologies for $140 million, in an all-cash deal.
Say has a communication platform that crowdsources questions from retail investors and lets them interact with companies they invest in during annual meetings.
"Like Robinhood, Say was built on the belief that everyone should have the same access to the financial markets as Wall Street insiders," Robinhood said in a blogpost."We share a common goal of eliminating the barriers that keep people from participating in our financial system.