Zoom Video Communication quarterly revenues rose 12% but net income was cut in half. Revenues in the Americas rose 15% and enterprise revenues jumped 31% to represent 52% of total revenues.
ZM
ZM
Bath & Body Works said quarterly sales edged lower after the pandemic stimulus fueled sales increase waned and guided lower earnings in the current quarter and for the full-year.
BBBY
BBBY
Children's Place reported a sharp decline in sales after record low temperatures and thin wallets kept consumers away. The retailer lowered annual sales outlook and plans to close 50 stores in the year.
PLCE
PLCE
Cisco Systems reported flat quarterly sales and guided sales decline in the current quarter ending in July. The networking company returned $1.8 billion to shareholders in the fiscal third quarter.
CSCO
CSCO
Lowe's Companies reported weaker than expected sales and earnings after comparable sales fell in the quarter on tough comparison. Customers also searched for energy efficient products.
LOW
LOW
Target Corp earnings plunged more than 50% after the company struggled with inventories mismatched and rising operating costs. The company also guided weak operating margin in the second quarter and for the rest of the year.
TGT
TGT
Walmart said U.S. customer transactions were flat but spent 3% more at stores. Sam's Club sales and comparable sales surged as more members signed up.
WMT
WMT
Home Depot said March quarter sales increased 3.8% and net income rose 2.1% after comparable sales at the U.S. locations rose 1.7%. The transaction size jumped 11% but the number of transactions fell 8.2%.
HD
HD
Callaway Golf quarterly revenues rose on the back of a broad recovery in equipment sales and venue revenues. The company also lifted annual revenue outlook range.
ELY
ELY
Electronic Arts March quarter results were ahead of expectations and the game publisher increased dividend 12% and repurchased $1.3 billion of shares. The company also plans to end its partnership with FIFA.
EA
EA
Cvent Holding reported first quarter revenues ahead of expectations but losses expanded. The meeting and event platform operator
CVT
CVT
Papa John's International reported a sharp decline in earnings after the pizza chain comparable store sales growth plunged and turned negative at locations owned.
PZZA
PZZA