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Zoom, Zuora, Snowflake, Nordson, and Agilent Announce Strong ...
2024-08-21 23:55:08
Business
Stocks
Finance

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

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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.

Challenges Ahead for Home Improvement Retailers

Lowe's reports a 5.5% YoY sales drop to $23.59B, reducing full-year outlook due to decreased discretionary spending on higher prices. The retailer's shares fell 0.3% pre-market. Target aims for top-line growth after a resilient performance amidst market volatility. Competitor Macy's to report Q2 earnings after rejecting a $6.9 billion buyout offer, implementing a new strategy under CEO Tony Spring. Home Depot faces a 3.6% sales decline as customers pause home improvement projects amidst high rates and inflation. The overall trend signals challenges for the retail sector amid economic pressures and shifting consumer sentiment.

Read 2 more recent news on this topic

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seekingalpha
21. August 2024 um 20:11

Zoom Non-GAAP EPS of $1.39 beats by $0.17, revenue of $1.16B beats by $10M

Finance
Economy
Zoom reported Q2 Non-GAAP EPS of $1.39, beating by $0.17; revenue of $1.16B (+1.8% Y/Y), beating by $10M. Zoom provided Q3 FY25 guidance of $1.162-$1.167B revenue in constant currency, $438-$443M non-GAAP income, and $1.29-$1.31 non-GAAP EPS with ~314M shares. Zoom also provided FY25 guidance of $4.641-$4.651B revenue in constant currency, $1.790-$1.800B non-GAAP income, $5.29-$5.32 non-GAAP EPS with ~316M shares, $1.580-$1.620B free cash flow, and $1.062B authorized share repurchase remaining.
seekingalpha
21. August 2024 um 20:07

Snowflake Non-GAAP EPS of $0.18 beats by $0.02, revenue of $868.82M beats by $18.67M

Economy
Finance
Technology
Snowflake (NYSE: SNOW) Q2 Non-GAAP EPS $0.18 beats by $0.02, revenue $868.82M beats by $18.67M. Product revenue $829.3M (+30% Y/Y), 510 customers >$1M revenue. Net revenue retention rate 127%, 736 Forbes Global 2000 customers.
seekingalpha
21. August 2024 um 20:49

Agilent rises following quarterly beats, narrowing 2024 EPS, revenue outlook range

Economy
Technology
Finance
Imilian Agilent up ~2% post fiscal 2024 Q3 beat, narrows 2024 EPS, revenue outlook. Non-GAAP EPS now $5.21-$5.25/share, revenue $6.45B-$6.5B. NYSE: A's non-GAAP net income $385M; ~$1.8B cash and equivalents on Jul. 31, compared to ~$1.6B on Oct. 31, 2023.
seekingalpha
21. August 2024 um 20:44

Nordson Non-GAAP EPS of $2.41, revenue of $662M

Economy
Finance
Nordson reported Q3 2024 results with Non-GAAP EPS of $2.41 and revenue of $662M. The company has $650M in backlog, is increasing its full-year revenue guidance to $2,665M - $2,705M, and tightening its adjusted EPS guidance to $9.45 - $9.65. However, reports indicate Nordson is facing headwinds and its rate of capital deployment doesn't match current valuations. Nordson's Q3 2024 earnings were previewed, and the company's stock dipped after the earnings outlook, while Bloom Energy rose as a top..
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