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Tech Stocks Post-market Moves: Snowflake, Zoom Video, and Urban ...
2024-08-21 23:55:08
Stocks
Business

Tech Stocks Post-market Moves: Snowflake, Zoom Video, and Urban Outfitters Updates

After-hours trading saw Snowflake beating Q2 estimates and raising guidance, while Urban Outfitters experienced a 9.3% decrease in same-store sales. Zoom Video posted adjusted EPS of $1.39.

Snowflake reported a 29% year-over-year growth but stock fell despite strong Q2 results. Zoom exceeded estimates, leading to a stock climb, although the CFO is resigning.

Urban Outfitters hit a $1.25B Q2 sales record. Snowflake reported widened losses, missing analyst forecasts.

Despite maintaining margin guidance, Snowflake raised annual revenue outlook to $3.36B. Zoom raised its full-year revenue forecast and saw a rise in stock following strong Q2 results.

Stock futures remained flat as investors awaited Powell's speech. S&P 500 and Nasdaq secured wins, while energy and material sectors saw declines.

Related news on that topic:

Zoom, Zuora, Snowflake, Nordson, and Agilent Announce Strong ... Results

Major tech companies like Zoom, Zuora, Snowflake, Nordson, and Agilent have released their latest earnings reports, showcasing impressive financial performances. Zoom exceeded expectations with Non-GAAP EPS of $1.39, beating by $0.17, and revenue of $1.16B surpassing estimates by $10M. Zuora reported a Non-GAAP EPS of $0.19, surpassing expectations by $0.09, with revenue of $115.4M beating forecasts by $2.79M. Snowflake also outperformed, with Non-GAAP EPS of $0.18 exceeding by $0.02, and revenue of $868.82M beating by $18.67M. Nordson impressed with Non-GAAP EPS of $2.41 and revenue of $662M, leading to an increase in full-year revenue guidance. Agilent saw its stock rise post-quarterly beats, narrowing its 2024 EPS and revenue outlook range, with Non-GAAP EPS now at $5.21-$5.25/share and revenue at $6.45B-$6.5B.

Stock Market Highlights: Toll Brothers, Microchip Technology, and ... More

Toll Brothers exceeded Q3 earnings expectations and raised its FY guidance. Microchip Technology faced IT issues in its filing. Keysight surpassed Q4 revenue guidance, while Coty missed Q4 estimates with a surprise loss. AMD and Estée Lauder stocks rose, but HP declined. The S&P 500, Nasdaq, and Dow saw gains of around 0.5%, with Nvidia, Tesla, and Alphabet climbing, and Apple, Starbucks, and Domino's falling. Toll Brothers increased its 2024 guidance after strong Q3 results, citing factors like lower mortgage rates. Elliott Management's actions in Texas Instruments, Southwest Airlines, and Starbucks influenced market movements. Notable stock performers include Netflix, Walmart, and Eli Lilly, while Starbucks appointed Brian Niccol as CEO.

Read 1 more recent news on this topic

The press radar on this topic:

Yahoo Finance
22. August 2024 um 13:55

Snowflake Stock Falls As Q2 Earnings Beat, Guidance Underwhelms | Investor's Business Daily

Finance
Economy
Technology
Snowflake Q2 beat estimates, but stock fell 6.8% on guidance. Reported 18 cents adjusted EPS, guided for $850-$855 million Q3 product revenue. Sells data analytics on AWS, faces Databricks competition and AI challenges. Impacted by hacking, working with Mandiant. Customers affected include AT&T, Ticketmaster, Nieman Marcus. SNOW stock has retreated 33% in 2024 and holds a Relative Strength Rating of 12.
Yahoo Finance
21. August 2024 um 21:18

Snowflake Reports Widening Losses, Sending Its Stock Lower

Economy
Finance
Technology
Snowflake, a data cloud company, reported Q2 revenue growth of 30% to $868.82M, beating estimates, but net loss widened to $317.77M or $0.95/share, exceeding projections. Adjusted EPS of $0.18 beat expectations. CEO cited innovation, product delivery, and AI opportunities as driving 'huge' value for customers via the company's cloud data platform and collaboration network. The company expects Q3 revenue of $850-$855M and raised its FY outlook to $3.36B, both missing analyst forecasts. Shares f..
seekingalpha
21. August 2024 um 21:03

Snowflake Q2 results show year-over-year growth of 29%, but stock falls

Economy
Finance
Technology
Snowflake (NYSE: SNOW) stock drops 7% post-market despite beating Q2 estimates with $868.8M revenue and $0.18 EPS. CEO Sridhar Ramaswamy highlights 30% year-over-year product revenue growth and $5.2B in remaining performance obligations. Company raises full-year product revenue guidance to $3.36B and plans $2.5B stock repurchase by March 2027.
seekingalpha
21. August 2024 um 20:40

Zoom Q2 results, outlook crush estimates as long-term CFO plans to resign

Economy
Finance
Technology
Zoom reported Q2 results that beat earnings and revenue estimates. The company announced CFO Kelly Steckelberg's resignation. Zoom Contact Center secured marquee customers, including its largest single order deal, using advanced AI. Zoom increased its full-year fiscal 2025 revenue expectations, up from the prior forecast. For the current quarter, Zoom expects earnings and revenue above the consensus estimate, with revenue at the mid-point exceeding estimates. Zoom's year-over-year revenue incr..
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