Second quarter earnings season is coming to a close, and with nearly all of the reports in, the results have been mostly positive.
As of Aug. 29, 98% of S&P 500 index companies have reported results, according to FactSet data, and analysts now expect S&P 500 companies to report an 11.9% jump in earnings per share during the second quarter.
Companies had lower expectations to clear coming into the quarter — analysts expected S&P 500 earnings to rise 5% in Q2, the slowest pace of earnings growth since Q4 2023 — amid President Trump’s tariffs, stocks’ lofty valuations, and uncertainty about the health of the US economy.
In the wings next week will be updates from Zscaler (ZS), Nebius Group (NBIS), NIO (NIO), Salesforce (CRM), Figma (FIG), Hewlett Packard Enterprise Company (HPE), Dollar Tree (DLTR), The Campbell’s Company (CPB), Macy’s (M), C3.ai (AI), American Eagle Outfitters (AEO), Broadcom (AVGO), Copart (CPRT), lululemon (LULU), DocuSign (DOCU), and ABM Industries (ABM).
Meanwhile, investors will continue to mull over recent reports, in particular Nvidia’s (NVDA) earnings, which highlighted the week. The $4 trillion company’s stock fell 2% for the week after investors weighed a miss in data center revenue with what CEO Jensen Huang said was “extraordinary” demand for Blackwell chips.
Other companies reported too, including PDD Holdings (PDD), Alibaba (BABA), Okta (OKTA), Abercrombie & Fitch (ANF), CrowdStrike (CRWD), Five Below (FIVE), HP (HP), Kohl’s (KSS), Snowflake (SNOW), J.M. Smucker (SJM), Urban Outfitters (URBN), Affirm (AFRM), Best Buy (BBY), Bath & Body Works (BBWI), Dick’s Sporting Goods (DKS), Dell (DELL), Dollar General (DG), Gap (GAP), Petco (WOOF), Wolfspeed (WOLF), Bank of Montreal (BMO), MongoDB (MDB), and Ulta (ULTA).
Here are the latest updates from corporate America.
LIVE 311 updates
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Alibaba’s AI revenue climbs even as China food war hurts profit
Reuters reports:
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Macy’s, Salesforce, Nio, Figma to report earnings in the week ahead
We’re entering the final stretch of the second quarter earnings season.
According to FactSet, 98% of S&P 500 companies have reported results so far. Of those companies, 81% have reported a positive earnings surprise, and the same amount reported a positive revenue surprise.
Analysts now expect an 11.9% earnings growth rate for the quarter, compared to the roughly 5% earnings growth rate predicted in June.
There are still some big names to watch in the week ahead. Here’s your earnings calendar for the first week of September:
Monday: US markets closed for Labor Day. No notable releases.
Tuesday: Zscaler (ZS), Nebius Group (NBIS), NIO (NIO)
Wednesday: Salesforce (CRM), Figma (FIG), Hewlett Packard Enterprise Company (HPE), Dollar Tree (DLTR), The Campbell’s Company (CPB), Macy’s (M), C3.ai (AI), American Eagle Outfitters (AEO)
Thursday: Broadcom (AVGO), Copart (CPRT), Lululemon (LULU), DocuSign (DOCU)
Friday: ABM Industries (ABM)
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Ulta Beauty shines after annual forecast hike on steady demand, UK expansion
Ulta Beauty (ULTA) gained 3% in premarket trading after the beauty retailer raised its annual sales and profit forecast on Thursday. Ulta saw steady demand in all categories, highlighting makeup and skincare’s resilience even as consumers pull back on other discretionary purchases.
Reuters reports:
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BYD’s quarterly profit falls for first time in 3 1/2 years as price wars bite
Reuters reports:
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Affirm stock jumps on top- and bottom-line beats
Affirm (AFRM) achieved operating income profitability in its fiscal fourth quarter, the company reported, and it beat earnings and revenue estimates by a wide margin.
Affirm stock jumped nearly 10% in after-hours trading Thursday.
Revenue grew 33% year over year, coming in at $876 million, above estimates for $837 million, according to S&P Global Market Intelligence. Earnings per share of $0.20 beat estimates for $0.11 per share and swung to a profit from a $0.14 loss per share during the same quarter last year.
The company said its credit card saw momentum, with active cardholders increasing 97% to 2.3 million.
Affirm CEO Max Levchin devoted a portion of his letter to shareholders discussing artificial intelligence, saying that the company is still early in its AI journey.
“We think of AI in three distinct but interconnected ways: AI products we use at Affirm, AI products we build and sell, and AI as catalyst for opportunity,” Levchin wrote.
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Gap stock falls on cautious margin outlook
Yahoo Finance’s Brian Sozzi reports:
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Dell lifts annual forecasts on AI server sales boom
Dell (DELL) revenue and adjusted earnings beat estimates, the company reported Thursday. While it raised its full-year forecast, its third quarter profit guidance disappointed, sending shares 4% lower after hours.
Revenue for the second quarter came in at $29.78 billion, beating estimates of $29.17 billion. Excluding items, Dell slightly beat profit estimates with adjusted earnings per share of $2.32.
Reuters reports:
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Marvell Technology stock drops on softer-than-expected Q3 guidance
Shares of semiconductor company Marvell Technology (MRVL) dropped 8% after hours on Thursday after the company’s third quarter guidance came in a bit light.
Reuters reports:
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Best Buy stock dips after the company reiterates guidance, citing uncertainty
Best Buy (BBY) beat all of Wall Street’s key metrics, including revenue, earnings, and same-store sales growth, but maintained its full-year outlook, which slightly disappointed investors. The stock fell 4% in early trading on Thursday.
For the year, same-store sales are expected to be in a range of down 1% to up 1%. Revenue is forecast to be in the range of $41.1 billion to $41.9 billion, while adjusted earnings per share are guided to be between $6.15 and $6.30.
“The low end of the range would certainly say we’re giving lots of room for a consumer to potentially be more impacted by tariffs,” CEO Corie Barry said on a call with media, “but the reason we’re pointing to the high end is we don’t see evidence that that is going to happen.”
Wall Street expects revenue of $41.36 billion and adjusted earnings of $6.14 for the full fiscal year, per Bloomberg consensus estimates.
Barry said the company plans to lean into promotions this holiday season to ensure it’s driving demand for consumers, who have been seeking value for the last year and a half.
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Build-A-Bear Workshop stock soars after posting record revenue, raising guidance
Build-A-Bear Workshop (BBW) stock moved higher Thursday after the experiential retailer beat Wall Street’s expectations with record revenue and raised its full-year guidance.
In the second quarter, revenue grew 11.1% to a record $124.2 million, higher than the street’s expected $116 million, per Bloomberg consensus data. It delivered adjusted earnings of $0.94, more than the forecasted $0.69.
“This unprecedented start to the year is largely a result of a long-term focus on monetizing Build-A-Bear’s unique position in the marketplace, multi-generational appeal and exceptional brand recognition to scale the business with innovative initiatives across three strategic pillars,” CEO and President Sharon Price John told investors on its earnings call.
The company also raised its 2025 fiscal-year guidance.
“When considering these results were achieved in a wide variety of economic challenges and geopolitical shifts, they serve as a valuable source of confidence in our team, our brand, our plans and the company’s future,” Price John told investors, “With that in mind, while we understand a meaningful portion of the year remains and acknowledge the potential for some economic uncertainty ahead, we also believe it is appropriate to increase our 2025 guidance at this juncture.”
It now expects revenue to grow on a mid-to-high single-digit basis, up from the previously expected mid-single-digit increase.
It also plans to open more locations, now in the range of at least 50 to 60.
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Bath & Body Works posts quarterly profit miss as costs weigh
Reuters reports:
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Burlington Stores CEO says next several months will be ‘challenging’ due to tariffs
Burlington Stores expects the next several months to be “challenging” as it battles higher tariff costs.
Still, the off-price retailer raised its financial targets for the year and now sees earnings per share in a range of $9.19 to $9.59 instead of the previously forecast $8.70 to $9.30.
“The environment has become more uncertain since March, especially with regard to tariffs,” the company’s CEO, Michael O’Sullivan, said in a statement. “We anticipate that tariffs will put significant pressure on our merchandise margin, but we are confident that, as long as tariffs do not increase from current levels, we can offset this pressure elsewhere in the P&L. These offsets, together with our Q1 earnings favorability, provide a path to achieving our original guidance.”
Burlington’s Q2 results were better than expected. The retailer reported earnings per share of $1.47 on $2.7 billion in revenue. Wall Street expected earnings of $1.25 per share on revenue of $2.6 billion, according to S&P Global Market Intelligence.
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Dick’s raises outlook on strong sporting goods demand
Dick’s Sporting Goods (DKS) stock rose modestly ahead of the opening bell after the retailer beat earnings estimates and reported an upbeat outlook for the year.
Earnings per share of $4.71 beat expectations of $4.28 per share. Revenue of $3.64 billion also beat estimates for $3.60 billion.
More from Bloomberg:
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Hormel Foods sees quarterly profit below estimates as commodity costs rise
Reuters reports:
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China slowdown, auto competition weighs on Li Auto’s outlook
Beijing-based automaker Li Auto (LI) missed earnings and revenue expectations in the second quarter and said it expected sales to decline in 2025, sending shares 3% lower in premarket trading.
Competitive pressure is rising in China from other electric vehicle makers, including SUV-focused ones such as AITO and Nio’s (NIO) new brand, Onvo. Chinese automakers are also contending with a broader slowdown.
Second quarter revenue declined 4.5% year over year to 30.2 billion yuan ($4.2 billion), while Wall Street expected 31.8 billion yuan ($4.4 billion).
The automaker delivered 111,074 vehicles, below its prior guidance of 123,000 to 128,000 vehicles.
For the full year, Li Auto said it expects to deliver between 90,000 and 95,000 vehicles, representing an annual decrease of 41.1% to 37.8%. Revenue is anticipated to be between RMB24.8 billion ($3.5 billion) and RMB26.2 billion ($3.7 billion), representing a year-over-year decrease of 42.1% to 38.8%.
Li Auto said it expects to deliver between 90,000 and 95,000 vehicles for the third quarter, with revenue projected at 24.8 billion yuan to 26.2 billion yuan, down 39%-42% from a year earlier.
Li Auto stock fell 3% in premarket trading.
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Dollar General stock pops after guidance raise
Dollar General (DG) raised its financial outlook for 2025 on Thursday as it benefited from consumers becoming more cost-conscious.
The dollar store chain now sees full-year profits of $5.80 to $6.30 per share, compared to its previous expectation of approximately $5.20 to $5.80 per share. It expects same-store sales to increase 2.1% to 2.6%, compared to its previous expectation of approximately 1.5% to 2.5%.
In the second quarter, Dollar General stores saw an increase in traffic as its value proposition drew wealthier customers. The company reported earnings of $1.86 per share on $10.7 billion in net sales. Both measures were well ahead of Wall Street estimates.
“Our improved execution, along with our progress advancing key initiatives, is resonating with both existing and new customers as we further enhance our value and convenience proposition,” CEO Todd Vasos said in a statement.
Dollar General stock popped 6% premarket. You can listen to its 9 a.m. ET earnings call here.
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Watch Nvidia CEO Jensen Huang live on Yahoo Finance
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Nvidia’s Huang sees China as $50B opportunity
One other highlight from the Nvidia earnings call on China: CEO Jensen Huang says the market could represent a $50 billion opportunity for Nvidia this year.
From the call (h/t The Transcript on Twitter):
All China-related geopolitical and regulatory caveats apply, of course!
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Nvidia says it could ship $2 billion to $5 billion of H20 chips to China
From the earnings call, Yahoo Finance’s Allie Canal notes some guidance upside for Nvidia — provided that there’s some certainty around regulation.
Here’s Kress from the call:
Kress later added that “there is interest” for the H20s and that “a select number of our China based customers have received licenses over the past few weeks.”
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Nvidia revenue growth continues to moderate as Jensen Huang says Blackwell demand ‘is extraordinary’
Nvidia’s earnings call has begun. You can listen to it live here.
For more context on Nvidia’s quarter and what it means for the company, Yahoo Finance’s Daniel Howley breaks down the numbers:
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Five Below beats on top and bottom lines, stock rises
Discount retailer Five Below (FIVE) benefited from consumers seeking value, even as tariffs created headwinds for the company
Five Below beat expectations on the top and bottom lines. Revenue of $1.02 billion surpassed estimates of $996 million. Earnings per share of $0.81 also beat estimates of $0.63.
For the third quarter, net sales are expected to be in the range of $950 million to $970 million, representing comparable sales growth of 5% to 7% and assuming the opening of about 50 new stores. Net income is expected to be in the range of $5 million-$12 million.
The stock gained about 3% after hours.
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AI-related stocks fall in tandem with Nvidia
Shares of other AI-related stocks fell in after-hours trading after Nvidia’s (NVDA) somewhat underwhelming results.
AMD (AMD) stock fell nearly 2%, while TSM (TSM) shares lost nearly 1%. Broadcom (AVGO) was down around 1.5%, and SMCI was also off over 2%.
Nvidia pared some immediate post-results losses, but shares were down over 3% as of 4:45 p.m. ET.
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HP beats third-quarter revenue estimates on AI PC adoption, Windows 11 upgrade
Reuters reports:
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CrowdStrike stock falls after Q3 outlook falls short of expectations
CrowdStrike (CRWD) shares fell 6% after the cybersecurity company’s third quarter forecast disappointed.
The company expects current-quarter revenue to be between $1.21 billion and $1.22 billion, compared with analysts’ average estimate of $1.23 billion, according to data compiled by LSEG. The more cautious outlook signaled cautious spending by clients facing economic uncertainty.
Earnings per share of $0.93 beat estimates of $0.83 per share. Revenue reached $1.17 billion, a 21% increase and above the company’s guidance of between $1.14 billion and $1.15 billion. Revenue was boosted by 20% subscription revenue growth, which hit $4.66 billion.
CrowdStrike also announced it would acquire Onum to evolve its Falcon platform for security information and event management.
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Quick Nvidia call outs
I know the early focus is on Nvidia’s (NVDA) data center sales miss, but keep in mind two things:
1. Jensen calling out the “extraordinary” Blackwell demand.
2. Q3 gross margin was seen gaining ground versus Q2 as the Blackwell ramp continues.
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Nvidia stock falls after data center revenue misses estimates
Nvidia (NVDA) stock dropped on Thursday after the AI chipmaker reported a Q2 data center miss. The Jensen Huang-led company beat estimates on the top and bottom lines and issued Q3 revenue guidance above expectations.
Here’s what Nvidia reported against Wall Street analyst estimates, according to Bloomberg data:
For the third quarter, Nvidia forecast revenue of around $54 billion plus or minus 2%. Expectations were for $53.4 billion.
Nvidia stock declined about 0.8% on Thursday. It initially fell 4% after hours following the report’s release. Going into the report, options showed traders had priced in a post-earnings swing of roughly 6% — or about $260 billion — in Nvidia shares.
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Snowflake raises annual product revenue forecast
Snowflake (SNOW) stock surged 13% after the cloud-based data platform raised its forecast for fiscal 2026 product revenue.
Reuters reports that the company is banking on strong demand for its data analytics services, as enterprises prioritize artificial intelligence spending.
The company expects annual product revenue of $4.34 billion, compared with its prior forecast of $4.33 billion.
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Williams-Sonoma earnings beat, CEO says furniture tariffs would be ‘very difficult for the industry’
Williams-Sonoma (WSM) said it saw minimal impacts from tariffs in its second quarter results but expects tariffs to pressure its top-line growth and operating margins in the current quarter.
“Our incremental tariff rate has doubled since our last earnings call,” CFO Jeffrey Howie said in the company’s earnings call. “At our May earnings call, our incremental tariff rate was 14%. As of today’s call, it has doubled to 28%. This includes the additional 30% China tariffs, 50% India tariff, 20% via non-tariff and averaged 18% tariff on the rest of the world as well as the 50% steel and aluminum tariffs and a 50% copper tariff.”
The furniture company, which houses brands such as West Elm and Pottery Barn, reported better-than-expected earnings of $2.00 per share. Wall Street expected EPS of $1.80.
Williams-Sonoma stock was down 1.4% in early afternoon trading. The stock sank earlier this week, along with other furniture stocks, after President Trump posted on social media that his administration would open an investigation into furniture imports and impose additional tariffs on the sector.
“It’s early to speculate — I think we’re day 5 of a 50-day probe, there’s not a lot of information on this subject,” Laura Alber, Williams-Sonoma’s CEO, said about possible furniture tariffs. “But I will say that it’s going to be very difficult for the industry, even if tariffs are put on to bring a huge amount back to the United States in a short window of time, because there aren’t the factories available to do a lot of production.”
“For us, of course, we will be in a much better position than most if that were to happen because of our strong USA manufacturing capabilities already,” Alber continued. “We have … [a] good chunk of our upholstery in the United States as we speak, and we can do more there, and that would be something we’d really push.”
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Royal Bank of Canada reports Q3 profit rose to $5.4 billion, revenue also up
The Canadian Press reports:
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J.M. Smucker earnings miss as higher commodity prices weigh on profits
The J.M. Smucker Company posted weaker-than-expected earnings as higher commodity costs and consumers pulling back on buying weighed on profits. The stock fell as much as 5% in premarket trading.
The company’s profits fell 22% to $1.90 per share, below estimates for $1.93 per share, according to S&P Global Market Intelligence. Net sales declined 1% to $2.1 billion due to divestitures and unfavorable foreign currency exchange but were roughly in line with estimates.
Coffee sales increased 15% but profits fell 22% due to higher commodity prices and marketing costs. Meanwhile, Net sales declined for peanut butter, but were partially offset by higher pricing for Uncrustables frozen sandwiches.
The company raised its net sales guidance for the full year to 3% to 5% and kept its earnings per share guidance the same ($8.50-$9.50).
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Hollister fuels Abercrombie & Fitch earnings beat
Shares of Abercrombie & Fitch (ANF) were roughly flat in choppy premarket trading after the apparel retailer reported declining net sales in its Abercrombie brand as it lapped tough comparisons. The stock was up over 3% and down 3% at points earlier in the session.
Abercrombie beat Wall Street’s expectations: In the second quarter, the company posted record net sales of $1.2 billion, compared to Wall Street estimates of $1.19 billion. Adjusted earnings per share came in at $2.32, slightly above expectations.
Net sales increased 3% year over year, though Hollister was the sales engine. Hollister’s comparable net sales jumped 19% year over year, while Abercrombie’s fell 11%.
The retailer raised its full-year net sales guidance to 5% to 7% from 3% to 6% previously and also increased its earnings per share forecast by $0.50 on the low end to a range of $10.00 to $10.50.
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Kohl’s lifts annual profit target as turnaround gains traction
Kohl’s (KSS) stock soared on Wednesday by 17% in premarket trading after raising its annual profit forecast. The US department store is trying to rein in costs in an attempt to bring back customers ahead of the holiday season.
Reuters reports:
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Profit dives at China’s top food delivery firm Meituan amid intense competition
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MongoDB stock soars as subscription software gains momentum
Database software provider MongoDB (MDB) posted strong quarterly results on Tuesday, driven by accelerating revenue growth in the company’s Atlas cloud database service and new customer acquisition.
Shares of MongoDB surged 23% in after-hours trading following surprising momentum in the company’s subscription revenue.
In the second quarter, overall revenue rose 24% year over year to $591.4 million. MongoDB reported a loss per share of $0.58. Both metrics surpassed Wall Street’s estimates for revenue of $553 million and a loss of $0.85 per share, according to S&P Global Market Intelligence.
“Many of our recently added customers are building AI applications, underscoring how our value proposition is resonating in the AI era and why MongoDB is emerging as a key component of the AI infrastructure stack,” MongoDB CEO Dev Ittycheria said.
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Okta stock surges on earnings beat, guidance raise
Identity security provider Okta (OKTA) stock surged more than 4% after the company beat earnings estimates and lifted its full-year revenue outlook.
Okta’s subscription backlog increased 18% year over year to $4.152 billion.
Total revenue increased 13% annually to $728 million, while diluted earnings per share rose to $0.37. Wall Street was expecting revenue of $711 million and earnings per share of $0.21.
For the third quarter, Okta expects revenue of $728 million to $730 million, representing an annual growth rate of 9% to 10%. The company also lifted its 2026 outlook to a range of $2.875 billion to $2.885 billion.
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Nvidia to report second quarter earnings, expecting $8 billion hit from China chip ban
Nvidia (NVDA) will close out Big Tech’s earnings season when it reports its second quarter results after the bell on Wednesday.
Yahoo Finance’s Daniel Howley explains the key metrics and commentary to watch in the highly anticipated results:
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Bank of Montreal, Scotiabank beat earnings estimates
Bank of Montreal (BMO) rose 1% in premarket trading after earnings beat expectations for its fiscal third quarter.
The Canadian bank earned $3.14 per share on revenue of $8.98 billion, beating Wall Street estimates for $2.85 per share on $8.88 billion in revenue, according to S&P Global Market Intelligence data.
Scotiabank (BNS) also beat earnings estimates on Tuesday, lifting shares. Read more here.
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Shares of struggling chipmaker Wolfspeed rise as results are better than feared
Wolfspeed (WOLF) stock rose just under 1% in after-hours trading following its fiscal fourth quarter results. The struggling chipmaker has been navigating Chapter 11 bankruptcy and is in the midst of a restructuring, after delays in CHIPS Act funding further hampered the company’s finances.
Wolfspeed reported a loss per share $4.30, compared to a loss of $1.39 per share during the same period a year ago. Revenue came in at $197 million, compared to $201 million the previous year. Wall Street analysts expected worse results.
“Reflecting upon my first three months with Wolfspeed, I am more confident than ever in my decision to join the Company and our opportunity to further strengthen our position in the industry,” Wolfspeed’s new CEO, Robert Feurle, said in a statement. “Our next important milestone is for the court to approve our Plan of Reorganization next month, and emerge from Chapter 11 shortly thereafter, with a much stronger financial structure.”
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PDD stock jumps after the Temu owner beat earnings estimates
PDD Holdings (PDD) stock gained 7% in premarket trading on Monday after the Chinese e-commerce giant beat earnings estimates by a wide margin.
The Temu and Pinduoduo owner reported earnings per American depository share (ADS) of 20.75 Chinese yuan (approximately $2.89) compared to estimates of 12.30 yuan ($1.72), per S&P Global Market Intelligence estimates.
Revenue rose 7% year over year to 10.4 billion ($1.45 billion), barely beating estimates as price competition with rivals Alibaba (BABA) and JD.com (JD) and higher costs from tariffs weighed on margins.
“Revenues growth further moderated this quarter amid intense competition,” said Jun Liu, PDD Holdings vice president of finance. “As we remain focused on long-term value creation, the sustained investments may continue to weigh on short-term profitability.”
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Nvidia to highlight next week’s earnings
Second quarter results from Abercrombie & Fitch (ANF), Kohl’s (KSS), and Best Buy (BBY) next week will continue to beat the drum of retail earnings after reports from America’s big box stores, Walmart (WMT) and Target (TGT).
But it’s Nvidia’s (NVDA) earnings that will be the star attraction, as the AI chipmaker’s stock has an 8% weighting in the S&P 500 (^GSPC).
As Yahoo Finance Senior Tech Editor Dan Howley writes, investors will be squarely focused on Nvidia’s data center business — even more so since the company announced a new gigascale networking plan that will combine the performance of multiple data centers to create one massive GPU. And many will be eager to hear more about a new China chip Nvidia is developing with the Trump administration.
Here’s a look at next week’s earnings calendar, marking a sort of grand finale for the second quarter reporting season:
Monday: PDD Holdings (PDD)
Tuesday: BMO (BMO), MongoDB (MDB), Okta (OKTA), PVH (PVH)
Wednesday: Nvidia (NVDA), Abercrombie & Fitch, CrowdStrike (CRWD), Five Below (FIVE), HP (HP), Kohl’s, Pure Storage (PSTG), Snowflake (SNOW), The J.M. Smucker Company (SJM), Urban Outfitters (URBN), Williams-Sonoma (WSM)
Thursday: Affirm (AFRM), Best Buy (BBY), Bath & Body Works (BBWI), Dick’s Sporting Goods (DKS), Dell (DELL), Dollar General (DG), Gap (GAP), Marvell (MRVL), Petco (WOOF), TD Bank (TD), Ulta (ULTA)
Friday: Alibaba (BABA)
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Ross Stores tops quarterly profit estimates as shoppers seek discount apparel
Reuters reports:
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BJ’s Wholesale Club stock falls as fuel prices weigh on sales
Fuel prices weighed on BJ’s Wholesale Club (BJ) sales in the second quarter, the company reported Friday.
Overall comparable club sales decreased by 0.3% year over year, while comparable sales excluding gasoline increased by 2.3% annually.
The company reported earnings per share of $1.14, topping Wall Street’s estimates for earnings of $1.09 per share. Revenue of $5.38 billion in the quarter disappointed expectations for $5.48 billion, according to S&P Global Market Intelligence
BJ’s reiterated its full-year revenue guidance and narrowed the range for its earnings outlook. For fiscal 2025, BJ’s sees comparable club sales minus gasoline increasing 2% to 3.5% year-over-year. Adjusted EPS is expected to range from $4.20 to $4.35 instead of $4.10 to $4.30 previously forecast.
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Zoom stock pops as CEO attributes earnings beat to AI
Zoom stock (ZM) popped 5% on Thursday afternoon after the company reported a huge earnings beat.
Zoom posted earnings per share of $1.16, compared to Wall Street analyst estimates for $0.72, per S&P Global Market Intelligence. That represents 66% annual earnings growth.
The company’s founder and CEO, Eric Yuan, noted that the strong quarter comes as artificial intelligence reshapes the way people are working. The company highlighted its paid add-on for custom AI agents that help with meeting prep and call summaries as drivers.
Revenue rose 5% to $1.2 billion, bolstered by 7% growth in Enterprise revenue. The company’s monthly churn rate remained flat year over year at 2.9%.
Zoom also raised its full-year revenue outlook and free cash flow guidance, which is now expected to be in the range of $1.74 billion to $1.78 billion.
For the full 2026 fiscal year, total revenue is expected to be between $4.825 billion and $4.835 billion while diluted EPS is expected to be between $5.81 and $5.84.
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Workday to acquire AI company Paradox, stock falls
Workday (WDAY) stock slipped more than 3% in after-hours trading following the company’s announcement that it would acquire Paradox for an undisclosed amount. Paradox is an AI company that uses AI chatbots to simplify the job application process.
Workday also reported second quarter results that beat expectations. Subscription revenue increased 14%, lifting overall revenue to $2.35 billion in the second quarter. Wall Street was looking for revenue of $2.34 billion.
Diluted earnings per share of $2.21 beat estimates of $2.12 per share.
“Our second quarter results reflect the strength of our platform and our continued progress across several of our growth initiatives,” CFO Zane Rowe said. “Following our first half momentum — and also incorporating the acquisition of Paradox — we are increasing our fiscal 2026 subscription revenue guidance to $8.815 billion, representing growth of 14%, and increasing our fiscal 2026 non-GAAP operating margin guidance to approximately 29%.”
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Intuit forecasts first-quarter revenue growth below estimates
Shares of Intuit (INTU), the company behind tax-preparation and finance software TurboTax, Credit Karma, and QuickBooks, fell 5% after hours after the company forecast fiscal first quarter revenue growth below analyst estimates.
Reuters reports:
Intuit’s board also approved a new $3.2 billion share buyback plan, raising its total repurchase authorization to $5.3 billion.
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Walmart is still embarrassing Target
Walmart (WMT) and Target (TGT) often get compared, especially when they report earnings back-to-back. But the most recent results from the big box stores highlight how the two couldn’t be more different.
Yahoo Finance’s Brian Sozzi dived into the two retailers’ quarters:
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Walmart CEO: Tariff impact has been ‘gradual,’ but we expect costs to increase
Walmart (WMT) reassured investors that it’s continuing to gain market share and generate healthy sales growth.
But even though executives said the company didn’t see any “dramatic shifts” with consumer behavior last quarter, they did communicate that keeping costs low could become a greater challenge in the second half of the year as tariff-related price increases work their way through inventory.
“With regards to our US pricing decisions, given tariff-related cost pressures, we’re doing what we said we would do: We’re keeping our prices as low as we can for as long as we can,” Walmart CEO Doug McMillon said on Walmart’s earnings call.
“The way things have played out so far, the impact of tariffs has been gradual enough that any behavioral adjustments by the customer have been somewhat muted,” McMillon continued. “But as we replenish inventory at post-tariff price levels, we’ve continued to see our costs increase each week, which we expect will continue into the third and fourth quarters.”
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Walmart stock falls after earnings miss forecasts as US sales, 2025 outlook rise
Retail giant Walmart (WMT) stock slipped 2% on Thursday after missing Wall Street estimates.
Yahoo Finance’s Brooke DiPalma looks at the retail chains’ earnings and how economic challenges may have impacted their results.
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Walmart earnings expected to show US sales growth continued in Q2 as consumers seek value
Walmart (WMT) will report quarterly results Thursday morning before the bell, following on the heels of Target (TGT) earnings Wednesday, which sent shares of the retailer 6% lower.
But Walmart is expected to highlight another robust quarter, Yahoo Finance’s Brooke DiPalma writes, as consumers search for value amid tariff-related uncertainty.
Brooke previews what to look for in Walmart’s earnings:
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TJX Companies shares rise after earnings beat and raise
TJ Maxx parent TJX Companies (TJX) beat sales and profit estimates for the second quarter and raised its annual profit forecast, boosting shares in premarket trading.
Reuters reports:
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