Dell Technologies Inc.’s second quarter earnings came in higher than expected. The maker of computers and software reported second quarter non-GAAP earnings of $2.15 a share, surpassing analysts’ expectations of $1.47 a share. Revenue rose +2% year-over-year to reach $23.4 billion in the quarter, also beating the Street estimate of $23.27 billion. Vice chairman Jeff Clarke emphasized that IT spending remained healthy. The quarter saw exceptionally strong performance in Dell’s PC segment.Consumer revenue fell -12%, but that was cushioned by enterprise market – since the latter makes up the larger  part of the company’s total PC business. However, Dell’s storage revenue was flat, while servers and networking sales declined -12%.   

On Friday, Ambarella posted higher-than-expected second-quarter earnings. The video compression/ image processing semiconductor company’s adjusted earnings of 21 cents a share for the quarter significantly surpassed Zacks Consensus Estimate of 3 cents per share.  Revenue of $56.4 million for the quarter came in lower than  the year-ago quarter’s $62.5 million, but beat analysts’ estimate of $52 million (according to Zacks). Ambarella’s forecast for the fiscal third-quarter revenue ranges between $63 million and $67 million. Ambarella CEO Fermi Wang emphasized that the company’s optimism for its fiscal year 2020 prospects has increased, despite geopolitical uncertainty.  

Recently Big Lots reported its second quarter earnings, which turned out to be higher than analysts’ expectations.  The retail company’s adjusted earnings for the quarter came in at  53 cents a share, beating analysts’ estimate of 40 cents.However, the EPS was lower compared to the year-ago quarter’s  59 cents. Revenue of $1.25 billion matched the Street expectations, while rising above the year-ago quarter’s $1.22 billion. For the full-year, the company reiterated its outlook on earnings range, i.e.

Ulta Beauty shares plummeted close to -30%  Friday, after the company lowered its fiscal- full-year outlook and also missed earnings expectations. The chain of stores selling cosmetics and hair & skincare products reported net income of $2.76 per share which, although higher than the year-ago quarter’s $2.46, fell short of the Street estimate of $2.80. Revenue for the quarter increased +12% year-over-year to $1.7 billion, which was in line with expectations.  Comparable sales (which in this case includes stores open at least 14 months and e-commerce sales) increased +6.2%.

Workday’s second quarter earnings edged past analysts’  expectations, while the company boosted  its FY 2020 subscription revenue outlook. The  cloud-based financial management and human capital management software vendor reported a non-GAAP net earnings per diluted share of 44 cents, which is higher than the Street estimates of 35 cents.For the third quarter, the company’s forecast for subscription revenue is between $783 million and $785 million.   

Online payment solution provider Square, Inc (NYSE: SQ) has pulled back over the last four or five weeks and the stock gapped lower after its most recent earnings report.The company beat on both the top and bottom line, but investors were disappointed with the forecast. The stock gapped sharply lower after the earnings report and it continued down for a few weeks after the report.

Over the last eight months a trend channel has formed on Delta Air Lines (NYSE: DAL).The channel is very well defined and the lower rail connects the lows for 2019 while the parallel upper rail connects the highs from April and July.

Campbell Soup shares surged +5% before the bell Friday, following its report of fourth quarter earnings that surpassed analysts’ expectations. For the quarter ended July 28, the food company  raked in earnings-per-share of 42 cents (excluding certain items), beating the Street estimates by 1 cent, (based on Refinitiv poll of analysts). Net sales from continuing operations increased +2% year-over-year to $1.78 billion. In recent times, Campbell has been increasingly concentrating on its core soup and snack businesses, thereby divesting several of its international and fresh businesses, including Bolthouse Farms and Garden Fresh Gourmet salsa.Last month, the company expressed plans to sell Kelsen Group to a Ferrero affiliated company for $300 million.

Williams-Sonoma’s fiscal-second-quarter earnings came in higher than what analysts had expected. For the quarter ended Aug. 4, the e-commerce home-furnishing/kitchenware retailer reported adjusted earnings of 87 cents per share, compared to the Bloomberg estimate of 83 cents.Non-GAAP operating margin expanded +10 basis points to 6.9%.  Net revenue in the quarter rose +7.5% year-over-year to $1.37 billion, beating the Bloomberg estimate of $1.31 billion. Williams-Sonoma experienced comparable brand revenue growth of 6.5%, on the back of accelerating comparable growth for West Elm and Pottery Barn to 17.5% and 4.2%, respectively. Looking ahead, the company has predicted full-year non-GAAP diluted earnings-per-share of $4.60 to $4.80.

Box reported fiscal second quarter earnings that surpassed expectations, and the company also boosted its full year revenue guidance.  The cloud content management company’s adjusted earnings per share for the quarter came in at break-even, better than the Street estimates of a loss of -2 cent.The EPS was also higher than the prior year quarter’s  -5 cent loss. Revenue increased +16% from the year-ago quarter to $172.55 million, beating estimates of $169.5 million. Co-founder and CEO Aaron Levie emphasized that Box focused on and delivered more products to customers, and that the company drove strong add-on product attach rates of more than 80% across six-figure deals in Q2. For the full year 2020, Box raised its revenue guidance to a range between $690 million and $692 million, compared to previous range of $688 million to $692 million. The company maintained its full-year adjusted EPS projection of between break-even and +2 cents.

Shares of Zuora, Inc. climbed during after-hours trading Wednesday,  after the company reported its second quarter earnings and revenue - both of which topped analysts’ estimates.The company also raised its fiscal full-year revenue estimate.  The enterprise software company’s non-GAAP loss (attributable to common stock shareholders) came in at  -$9.5 million, or -9 cents a share.

Guess shares jumped during after-hours Wednesday, after its fiscal second quarter results came in stronger than expected while the company boosted its full-year outlook. For the three months ending Aug.3, the retailer of clothing and accessories reported adjusted earnings of 38 cents per share, which beat analysts’ estimates of 29 cents.The adjusted EPS figure was also higher than the prior year quarter’s 36 cents. Revenue increased +5.8% year-over-year to reach $683.2 million in the quarter, surpassing the Street expectations of $671.4 million. Looking ahead, Guess expects its fiscal full-year 2020 GAAP earnings to sit between $1.18 to $1.26 a share, or an adjusted $1.28 to $1.36.

Credit Suisse analysts gave Monster shares a $77 price target, representing 36% potential upside from the stock's previous close.  Monster shares have been hurt by its second-quarter sales and earnings figures (reported early August) that fell short of the Street expectations.Also, there have been apparent concerns over sales of its new recent fitness beverage Reign, which haven’t been as strong as expected. However, at a price multiple of 26 times expected earnings over the next 12 months, Credit Suisse analyst Kaumil Gajrawala views Monster Beverage shares as “cheap, given best-in-class growth prospects, low capital needs, and a clean balance sheet” .

Five Below shares declined during extended trading, after the company’s second-quarter revenue missed analysts' expectations. For the quarter ended Aug. 3, Five Below’s net sales increased +20% year-over-year to $417.4 million, falling short of analysts’ estimates of $421.1 million.Anderson said the company opened 44 new stores in 21 states, and is on track to finish the year with 150 new stores. Looking ahead, Five Below has forecasted third-quarter net sales to range between $369 million and $374 million based on opening 55 new stores and assuming a 2% to 3% increase in comparable sales.

H&R Block shares traded slightly lower during after-hours Wednesday, following its report of a fiscal first-quarter loss that was almost unchanged from the prior-year period. The tax-services provider’s quarterly loss came in at -74 cents a share, flat from a year earlier.The fiscal first quarter accounts for less than 5% of annual revenue and less than 15% of annual expenses, according to the company.

However, the company’s guidance for  the October quarter  fell behind the Street’s estimates. The cloud-based identity and access management company reported a quarterly loss of -5 cents per share, faring better than analysts’ estimate of a loss of -11 cents a share.According to the company,  it had a total of 1,222 customers with annual contract value above $100,000 as of last quarter.

MyoKardia Inc MYOK 1.87%, a thinly traded mid-cap biotech, is on the radar of investors ahead of the company's scheduled presentation at the European Society of Cardiology Congress Aug. 31-Sept. 4 in Paris. The South San Francisco, California-based biotech, founded in 2012, uses a precision medicine approach to discover and develop targeted therapies for serious and neglected rare cardiovascular diseases. READ MORE...

Chinese internet firm Baozun (Nasdaq: BZUN) reported earnings on August 21.In fact the stock dropped 12.6% on August 21. This was a little puzzling to me and I started looking back at the last couple of earnings reports.

Discount retailer Five Below (Nasdaq: FIVE) is set to report second quarter earnings results on August 28 and analysts expect the company to earn $0.50 on revenue of $421.16 million.This means that if estimates are accurate, earnings will increase by 10% and revenue will increase by 21.1%. The company has been able to grow earnings by 36% per year over the last three years and sales have grown by an average of 24% per year during that same time period.

This reflects the overall downward trend for the stocks in the industry. The KraneShares CSI China Internet ETF (AMEX: KWEB) reflects how the industry has been moving lower.The stock hit the trend line again this past week before turning lower. You can also see how the 50-day moving average is right in the same area as the trend line and that could act as a secondary layer of resistance going forward. The daily stochastic readings had hit overbought territory after rallying from the low earlier this month.