Zoom stock rallies 20% after earnings beat, improved profit forecast

Zoom Video Communications Inc. shares sounded in the extended session Monday after the videoconferencing company topped Wall Street’s earnings expectations and said it expects to be more profitable this year than it had initially expected. Zoom shares ZM, -0.46% surged 20% after hours, following a 0.5% decline in the regular session to close at $89.33. … Read more

Here’s the real reason the stock market is coming unglued — and it isn’t because of weak earnings

An earnings recession is not the biggest threat facing the stock market right now. That may seem a curious assertion to make in a week in which the largest retailers are reporting disappointing earnings and retail-sector stocks are being pummeled. In fact, contracting P/E multiples are the big culprit. To show that an earnings recession … Read more

Nvidia’s data-center sales likely to eclipse gaming — that might not be a good thing

Nvidia Corp.’s data-center sales are expected to edge out its gaming sales in fiscal first-quarter results, demand from server farms remains high and gaming interest has subsided from rabid levels earlier in the COVID-19 pandemic. Nvidia NVDA, -2.51% is scheduled to report financial results after the closing bell on Wednesday. Analysts surveyed by FactSet expect … Read more

Buy the dip or sell the ‘rip’?: What’s next as S&P 500 tests bear-market territory

Investors, already grappling with a sinking stock market and fears that the US economy may be heading for a recession, now turn their focus to the consumer. For one thing, consumer discretionary stocks are among the hardest hit. The market’s fixation on peak inflation and how many times the Federal Reserve could hike interest rates … Read more

Stocks head for another potentially treacherous week, as a slew of retailers report earnings

Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, March 7, 2022. Andrew Kelly | Reuters If there’s more bad news from retailers in the coming week, that could be a negative catalyst for an already cranky stock market. Market pros are watching for more signs … Read more

Foot Locker, Deere, DoorDash and others

Check out the companies making headlines before the bell: Foot Locker (FL) – The athletic footwear and apparel retailer reported an adjusted quarterly profit of $1.60 per share, 5 cents above estimates. Revenue was slightly below forecasts, and same-store sales were more than half of what was expected by less analysts. Foot Locker shares added … Read more

S&P 500 earnings are another potential `shock’ awaiting financial markets trying to shake off stagflation fears: economist

Target on Wednesday reported a 52% drop in profit for the first quarter, missing Wall Street’s forecasts and triggering a broad market selloff. Joe Raedle/Getty Images Worse-than-expected earnings reports from the biggest publicly traded US companies are set to become yet another “shock” for investors struggling to overcome stagflation fears. That’s the view of Capital … Read more

Cisco stock falls 13% after company projects revenue decline

CEO of Cisco Chuck Robbins speaks during the VivaTech (Viva Technology) trade fair in Paris on May 24, 2018. Gerard Julien | AFP | Getty Images Shares of Cisco fell as much as 13% on Thursday after the company reported mixed earnings results and projected an unexpected mixed sales decline in the current quarter. Cisco … Read more

Cisco (CSCO) earnings Q3 2022

Cisco shares plunged by as much as 17% in extended trading on Wednesday after the networking company said it generated lower quarterly revenue than analysts predicted and called for an unexpected sales decline in the current period. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 86 cents per share as expected … Read more

Stocks fall sharply as Target’s woes renew inflation fears

NEW YORK (AP) — Stocks closed sharply lower on Wall Street as dismal results from Target Wednesday renewed fears that inflation is battering US companies. The S&P 500, the benchmark for many index funds, fell 4%. Target lost a quarter of its value, dragging other retailers down with it, after saying its profit fell by … Read more