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Marvell’s Data-Center Boom Powers Earnings Beat—and a Stock Surge
Barrons.com70d agobearish
Marvell’s Data-Center Boom Powers Earnings Beat—and a Stock Surge

The data-center boom is still going strong for Marvell Technology The chip company reported better-than-expected first-quarter revenue and sees higher revenue than expected in the current quarter. Marvell reported revenue of $2.42 billion, compared with Wall Street estimates of $2.41 billion, according to FactSet. Adjusted earnings for the quarter of 80 cents per share were in-line with analyst expectations.

Salesforce Q1 earnings beat estimates, but Q2 outlook falls flat
Yahoo Finance Video70d agobearishVIDEO
Salesforce Q1 earnings beat estimates, but Q2 outlook falls flat

Salesforce (CRM) reported first quarter results on Wednesday after the closing bell. Adjusted earnings per share (EPS) came in at $3.88 (compared to analyst estimates of $3.13), and revenue came in at $11.13 billion (compared to analyst estimates of $11.05 billion). Market Domination Overtime host Josh Lipton dives into the cloud platform operator's earnings release in the video above.

Abercrombie & Fitch Sales Fall. Why the Stock Is Rising After Earnings.
Barrons.com70d agobearish
Abercrombie & Fitch Sales Fall. Why the Stock Is Rising After Earnings.

Abercrombie & Fitch stock rose Wednesday after the clothing retailer reported better-than-expected quarterly earnings despite stagnant sales. Abercrombie stock jumped 9.2%. Shares had tumbled 41% this year on weaker-than-expected holiday sales and a rough fiscal-year forecast.

Zscaler Stock Plunges 17% on Weak Fourth-Quarter Guidance
Barrons.com71d agobearish
Zscaler Stock Plunges 17% on Weak Fourth-Quarter Guidance

Shares of Zscaler fell late Tuesday after fiscal third-quarter earnings and revenue surpassed Wall Street’s expectations but sales guidance fell short. The cybersecurity company posted adjusted earnings of $1.08 a share, compared with 84 cents a share a year ago and above Wall Street’s expectations of $1.01 a share. Revenue grew 25% to $850.5 million, topping the analyst consensus of $835.6 million, according to FactSet.

Investing.com76d agobearish
Earnings selloff in this software stock has gone too far, Jefferies says

Investing.com -- The post-earnings share price decline for one major software name has been excessive given the limited nature of the miss, Jefferies told investors in a note Thursday, arguing that the stock's valuation has fallen to levels not seen since the 2008 global financial crisis.

Intuit shares tumble after weaker TurboTax outlook despite stronger earnings guidance (INTU)
InvestorsHub76d agobearish
Intuit shares tumble after weaker TurboTax outlook despite stronger earnings guidance (INTU)

Intuit (NASDAQ:INTU) raised its full-year guidance and delivered third-quarter results ahead of expectations as the company continued to benefit from its AI-focused platform strategy. However, the financial software group also reduced its annual revenue outlook for TurboTax and announced plans to cut 17% of its workforce as part of a broader operational restructuring programme, sending the stock down more than 13% in premarket trading on Thursday.

Stock Futures Rise After Nvidia Earnings
Barrons.com76d agobearish
Stock Futures Rise After Nvidia Earnings

Stocks were on track to rise Thursday as investors digested strong results from artificial intelligence chip maker Nvidia and hoped for progress in the peace talks between the U.S. and Iran. The three major indexes snapped a three-session losing streak on Wednesday after President Donald Trump said the U.S. was in the final stage of negotiations with Iran to end the war in the Middle East. Moves early Thursday suggest that the market has concluded that Nvidia’s first-quarter earnings were good, but not good enough to keep the AI rally going.

TurboTax parent cuts thousands of jobs ahead of earnings
TheStreet77d agobearish
TurboTax parent cuts thousands of jobs ahead of earnings

The tech industry has been a harsh place for workers this year, as major companies continue to cut jobs, while promising investors a more AI-driven future and a leaner, simpler company structure. For employees, this shift has created a continuous sense of instability. And while layoffs may have ...

Intuit Plans to Cut 17% of Workforce, But Isn’t Blaming AI
Barrons.com77d agobearish
Intuit Plans to Cut 17% of Workforce, But Isn’t Blaming AI

Intuit reported better-than-expected financial results for its crucial tax season Wednesday, while also announcing a round of layoffs. Intuit said it’s reducing its full-time workforce by 17%. According to Layoffs.fyi, a website that tracks tech layoffs, 111,173 tech employees have lost their jobs in 2026.