Key TakeawaysPalo Alto Networks reported better revenue and profit than expected for the first quarter of fiscal 2025.The cybersecurity company lifted its projections for full-year revenue and adjusted earnings per share (EPS).Palo Alto Networks also said it will undergo a 2-for-1 stock split next month. Palo Alto Networks (PANW) posted better-than-expected fiscal 2025 first-quarter results and announced a 2-for-1 stock split after the bell Wednesday. The cybersecurity company reported $2.14 billion in reve ...

Key TakeawaysAfter Nvidia reported third-quarter results that blew past estimates, several analysts raised their price targets for the chipmaker's stock.Nvidia's data center revenue reached a quarterly record on strong demand for its AI chips, and the company said it expects to ship more of its Blackwell AI chips than previously expected.Nvidia's chips could also drive greater spending across the tech sector, Wedbush analysts said. After Nvidia (NVDA) reported record quarterly revenue driven by gains in its ...

Group 1 - Deere & Company reported fiscal 2024 fourth-quarter results that exceeded estimates despite ongoing challenges in the agriculture and construction sectors [1][2] - The company's revenue for the quarter was $11.14 billion, a decrease of 28% year-over-year, while net income fell 47% to $1.25 billion [2] - Analysts had forecasted revenue and net income of $10.68 billion and $1.05 billion, respectively, indicating that the results surpassed these expectations [2] Group 2 - CEO John May highlighted significant market challenges and mentioned that the company adjusted its operations to align with the current environment [3] - The company anticipates fiscal 2025 net income to be between $5.0 billion and $5.5 billion, a decline from the $7.1 billion reported in fiscal 2024, while analysts project $5.89 billion [4] - Following the earnings report, Deere shares rose by 6%, despite being up only 1% for the year prior to the announcement [5]

Core Insights - BJ's Wholesale Club shares increased after reporting third-quarter earnings that exceeded expectations, despite sales falling slightly short of estimates [1][2] - The company announced its first membership fee increase in seven years and a new stock buyback plan [1][5] Financial Performance - BJ's reported $5.1 billion in revenue for the quarter, a 3% year-over-year increase, but just below the $5.11 billion forecasted by analysts [3] - Net income rose nearly 20% year-over-year to $155.75 million, surpassing the $124.09 million estimated by analysts [3] - Comparable store sales increased by 1.5%, slightly under the expected 1.6% [4] Membership Fee and Stock Buyback - Membership fees will rise to $60 and $120 for Club and Club+ memberships, respectively, effective January 1 [5] - A new $1 billion stock buyback program was approved, set to run through January 2029 [6] Future Guidance - The company raised its expected comparable sales growth for the full fiscal year to 2.3% to 2.4%, up from the previous range of 1% to 2% [7] - Full-year adjusted earnings per share (EPS) are projected to be between $3.90 and $4.00, an increase from the previous estimate of $3.75 to $4.00 [7] Market Reaction - Shares of BJ's rose over 6% to $91.42 in early trading following the announcements [8]

Key TakeawaysNvidia shares moved higher in premarket trading Thursday after the AI investor favorite released quarterly results and an outlook that surpassed Wall Street expectations.Trading volumes have remained light following a breakout from an ascending triangle, suggesting that larger market players may have remained on the sidelines ahead of the chipmaker’s quarterly report.Investors should watch important support levels on Nvidia chart around $136, $115, and $97, while monitoring a measured move pric ...

Core Insights - PDD Holdings' shares are experiencing a significant decline in premarket trading following disappointing quarterly results that fell short of analysts' expectations [1][2] - The company's revenue growth is being impacted by intense competition and costly international expansion efforts [2][4] Financial Performance - For the quarter ending September 30, PDD reported a revenue increase of 44.3%, reaching 99.35 billion yuan ($13.7 billion), which was below the consensus estimate of 101.6 billion yuan [2] - Earnings per share (EPS) for the third quarter were reported at 4.23 yuan, also missing the expected 4.46 yuan [2] Competitive Landscape - Temu, a platform under PDD, is facing increased competition from major players like Amazon, which recently launched a new section targeting low-cost items to compete directly with Temu and other rivals [4] - The competitive environment is expected to continue exerting pressure on PDD's revenue growth, as indicated by the company's Vice President of Finance [3][5]

Key TakeawaysSnowflake shares were up over 20% in premarket trading Thursday after its third-quarter results beat estimates.Revenue rose year-over-year, while the company also reported better adjusted profits than expected.Aside from its earnings, Snowflake also announced an acquisition and a partnership with Amazon-backed Anthropic to bring its AI models to Snowflake products. Snowflake (SNOW) shares surged Thursday morning after the data software company reported better-than-expected results for the third ...

Core Insights - Snowflake shares surged 20% in after-hours trading following better-than-expected earnings and an increased revenue outlook for fiscal 2025 [2][3] - The company now anticipates product revenue of $3.43 billion for fiscal 2025, up from a previous forecast of $3.36 billion, driven by software demand and public sector opportunities [2] - Snowflake has entered a multiyear partnership with AI startup Anthropic and plans to acquire Datavolo, an open data integration platform [3] Technical Analysis - Between September and October, Snowflake shares formed a double bottom pattern, indicating a bullish reversal [5] - The stock is positioned for further gains after successfully retesting the neckline of the double bottom pattern ahead of earnings [5] - Key overhead price levels to monitor include $145, $165, $182, and a psychological level of $200, with significant support expected around $125 [7][9][11] Price Levels - The first key level to watch is around $145, just above the 200-day moving average, with potential buying interest during intraday dips [7] - A follow-through buying could push shares to $165, where resistance may occur due to previous swing highs [8] - The next level to observe is $182, with potential selling opportunities for investors who bought at lower prices [8] - A bullish scenario could see a retest of the $200 level, approximately 55% above the recent closing price [9] Support Levels - During pullbacks, the $125 level is crucial as it may serve as significant support from the double bottom pattern's neckline [11]

Nvidia (NVDA) reported third-quarter results that beat analysts’ estimates on the top and bottom lines, though shares fell slightly in extended trading Wednesday as investors may have had higher expectations. The artificial intelligence (AI) chipmaker saw third-quarter revenue nearly double year-over-year to a record $35.08 billion, above the analyst consensus from Visible Alpha. Net income at $19.31 billion more than doubled from the year-ago period, also topping projections. Data Center Revenue Hits Rec ...

Key TakeawaysThe S&P 500 was flat on Wednesday, Nov. 20, as markets braced for afternoon earnings news from AI chip powerhouse Nvidia, the world's highest-capitalized company.Target shares plunged as the retailer missed quarterly estimates, noting cautious consumer spending behavior.AI investments helped electronic testing supplier Keysight top quarterly expectations, increasing its shares. Major U.S. equities indexes were mixed and little changed on Wednesday as Nvidia (NVDA) prepared to disclose quarterly ...