Core Viewpoint - New Oriental Education & Technology Group (09901) reported strong financial results for Q2 of fiscal year 2026, leading to a stock price increase of over 3% [1] Financial Performance - Net revenue for Q2 increased by 14.7% year-on-year to $1.191 billion [1] - Operating profit surged by 244.4% year-on-year to $66.3 million [1] - Net profit attributable to shareholders rose by 42.3% year-on-year to $45.5 million [1] Guidance and Analyst Ratings - The company raised its full-year revenue guidance for fiscal year 2026 to between $5.292 billion and $5.488 billion, reflecting a year-on-year growth of 8% to 12% [1] - JPMorgan reiterated its "Overweight" rating on New Oriental and raised the target price from HKD 53 to HKD 55 [1] - The positive Q2 performance and revised guidance led JPMorgan to increase its operating profit forecast for fiscal years 2026 to 2027 by 7% [1]

Core Viewpoint - New Oriental-S (09901) reported strong financial results for the second quarter of fiscal year 2026, with significant year-on-year growth in revenue and profit metrics, leading to a stock price increase of over 4% [1] Financial Performance - For the second quarter of fiscal year 2026, net revenue increased by 14.7% year-on-year to $1.191 billion [1] - Operating profit surged by 244.4% year-on-year to $66.3 million [1] - Net profit attributable to shareholders rose by 42.3% year-on-year to $45.5 million [1] - For the first half of fiscal year 2026, net revenue was approximately $2.714 billion, reflecting a year-on-year growth of 9.7% [1] - Operating profit for the first half was about $377 million, up 20.7% year-on-year [1] - Net profit attributable to shareholders for the first half was approximately $286 million, a year-on-year increase of 3.2% [1] Market Expectations - Bank of America Securities noted that New Oriental-S's revenue and profit margins exceeded expectations for the second fiscal quarter [1] - Revenue growth accelerated to 15%, surpassing the guidance of 9% to 12% [1] - Non-GAAP operating profit margin expanded by 4.8 percentage points, also exceeding the guidance of "over 1 percentage point" [1] - The company provided a revenue growth guidance of 11% to 14% for the third fiscal quarter ending in February [1] - Full fiscal year revenue guidance was raised to $5.3 billion to $5.5 billion, indicating a year-on-year growth of 8% to 12%, up from the previous guidance of 5% to 10% [1] - The primary growth drivers include K12 business, Dongfang Zhenxuan, and a narrowing decline in overseas exam preparation services [1]

Core Viewpoint - Deere & Company (DE.US) experienced a decline of over 5.5%, reaching a low of $470.5, following the release of its fourth-quarter earnings report which showed mixed results [1] Financial Performance - The company reported fourth-quarter revenue of $12.39 billion, exceeding analyst expectations of $9.85 billion [1] - Net income for the quarter was $1.06 billion, or $3.93 per share, down from $1.24 billion or $4.55 per share in the same period last year [1] - The decline in net income was primarily attributed to weak demand for tractors and combine harvesters [1] Future Outlook - Deere & Company projects net income for the fiscal year 2026 to be between $4 billion and $4.75 billion, which is below analyst expectations of $5.33 billion [1]

Core Viewpoint - Synopsys (SNPS.US) experienced a significant drop of over 35% in its stock price, marking the largest decline since 2004, following disappointing Q3 earnings and guidance [1] Financial Performance - For the third fiscal quarter ending July 31, Synopsys reported a year-over-year revenue increase of 14%, reaching $1.74 billion [1] - Adjusted earnings per share (EPS) were $3.39, falling short of analyst expectations of $3.80 EPS and $1.77 billion in revenue [1] Future Guidance - Synopsys projects adjusted EPS for Q4 to be between $2.76 and $2.80, with revenue expected to be between $2.23 billion and $2.26 billion [1] - Analysts had previously estimated Q4 EPS at $4.50 and revenue at $2.1 billion, indicating a significant downward revision in expectations [1] Management Commentary - CFO Shelagh Glaser indicated a cautious outlook for Q4 due to underperformance in the design intellectual property business, while still expecting continued profit growth for the year [1]

Core Viewpoint - HPE reported a record revenue of $9.14 billion for Q3, marking a 19% year-over-year increase, exceeding analyst expectations [1] Financial Performance - Q3 revenue reached $9.14 billion, surpassing the expected $8.84 billion [1] - Adjusted earnings per share (EPS) were $0.44, above the anticipated $0.42 [1] - Adjusted gross margin improved to 29.9%, an increase of 50 basis points from the previous quarter [1] - Server revenue was $4.94 billion, exceeding the forecast of $4.72 billion [1] Future Outlook - For Q4, HPE expects revenue between $9.7 billion and $10.1 billion, while analysts predict $10.11 billion [1] - Adjusted EPS is projected to be between $0.56 and $0.60, aligning with the analyst estimate of $0.56 [1] - For the full year, the company anticipates revenue growth of 14% to 16%, up from a prior forecast of 7% to 9% [1] - Full-year EPS is expected to be between $1.88 and $1.92, compared to the previous estimate of $1.78 to $1.90 [1]

Core Insights - Affirm Holdings (AFRM.US) experienced a significant increase of over 16%, reaching a three-and-a-half-year high of $93.33 following the release of its Q4 earnings report [1] Financial Performance - Q4 revenue grew by 33% year-over-year to $876 million, surpassing market expectations of $837 million [1] - The company reported a net profit of $69.2 million, a turnaround from a loss of $45.1 million in the same quarter last year [1] - Earnings per share (EPS) were 20 cents, exceeding market expectations of 11 cents [1] Transaction Metrics - The total gross merchandise volume (GMV) for Q4 increased by 43% year-over-year, reaching $10.4 billion [1] Strategic Outlook - The company stated in its shareholder letter that its consistent execution has led to achieving operating profit in Q4 of fiscal year 2025, aligning with the timeline promised a year ago [1]

Core Insights - Nintendo's operating profit for the first quarter reached 56.93 billion yen, a year-on-year increase of 4.4%, surpassing the forecast of 54.77 billion yen [1] - The net profit for the first quarter was 96.03 billion yen, reflecting a 19% year-on-year growth, exceeding the expected 58.07 billion yen [1] - Sales revenue for the first quarter amounted to 572.36 billion yen, significantly up from 246.64 billion yen in the same period last year, and above the forecast of 489.75 billion yen [1] Financial Forecasts - Nintendo maintains its forecast for the fiscal year 2026, projecting an operating profit of 320.00 billion yen, while the market expectation is 402.94 billion yen [1] - The company also forecasts a net profit of 300.00 billion yen for fiscal year 2026, compared to the market estimate of 358.62 billion yen [1] - Sales revenue for fiscal year 2026 is projected at 1.90 trillion yen, lower than the market forecast of 2.14 trillion yen [1] - Nintendo anticipates a dividend of 129.00 yen for fiscal year 2026, while the market expectation is 155.54 yen [1]