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    • Breaking News
    May 30, 2025
    • Zscaler Inc. surged 4.9% to $263.54 after the cloud security provider reported higher revenue in the fiscal third quarter of 2025, but net income swung to a loss.

      Revenue edged up to $678.03 million from $553.20 million, net income swung to a loss of $4.12 million from a profit of $19.12 million, and diluted earnings per share swung to a loss of 3 cents from a profit of 12 cents a year ago.

      The company guided fourth-quarter revenue to be between $705 million and $707 million, compared to $592.9 million, and non-GAAP net income per share between 79 cents and 80 cents, compared to 88 cents a year earlier, respectively.

      For the full year, the cyber security company estimated revenue to be between $2.659 billion and $2.661 billion, compared to $2.168 billion, and non-GAAP net income per share between $3.18 and $3.19, compared to $3.19 a year ago, respectively.

      The company expects non-GAAP income from operations in the fourth quarter to range between $152 million and $154 million, compared to $140.6 million, and for the full year, it will be between $573 million and $575 million, compared to $508.1 million in 2024, respectively.
      • Costco Wholesale Corp. eased 0.4% to $1,004.99 despite the wholesale retailer reporting strong results for the fiscal third quarter of 2025.

        Revenue increased to $63.20 billion from $58.51 billion, net income jumped to $1.90 billion from $1.68 billion, and diluted earnings per share rose to $4.28 from $3.78 a year ago.

        Comparable sales edged up 5.7% in the quarter, and e-commerce sales surged 14.8%.

        Excluding the impacts from changes in gasoline prices and foreign exchange, comparable sales increased 8%, and e-commerce sales were up 15.7%.
        • Best Buy Co. Inc. inched up 0.01% to $66.33 after the consumer electronics retailer reported lower sales in the fiscal first quarter of 2026.

          Revenue edged down to $8.77 billion from $8.85 billion, net earnings dropped to $202 million from $246 million, and diluted earnings per share fell to 95 cents from $1.13 a year ago.

          The company guided full-year revenue to be between $41.1 billion and $41.9 billion, compared to $41.5 billion, and adjusted diluted earnings per share between $6.15 and $6.30, compared to $6.37 a year earlier, respectively.

          During the first quarter, the retailer returned $302 million to shareholders through dividends of $202 million and share repurchases of $100 million, and the company expects to spend approximately $300 million on share repurchases during fiscal year 2026.

          Best Buy will pay its next quarterly cash dividend of 95 cents per share on July 10 to shareholders on record on June 19.
          • Bath & Body Works Inc. gained 0.3% to $28.68 after the personal care products retailer reported strong results in the fiscal first quarter of 2025.

            Net sales climbed to $1.42 billion from $1.38 billion, net income jumped to $105 million from $87 million, and diluted earnings per share rose to 49 cents from 38 cents a year ago.

            The company maintained its full-year guidance of 1% to 3% growth, compared to $7.31 billion, and diluted earnings per share between $3.25 and $3.60, compared to $3.61 a year earlier, respectively, inclusive of current tariff rates.

            For the second quarter, the retailer estimated net sales to be flat to up 2%, compared to $1.53 billion, and diluted earnings per share between 33 cents and 38 cents, compared to 68 cents a year ago, respectively.
            • May 29, 2025
            • Capri Holdings Ltd. surged 2.5% to $18.49 despite the fashion retailer reporting weak fiscal fourth-quarter 2025 results.

              Revenue dropped to $1.03 billion from $1.22 billion, net loss widened to $645 million from a loss of $472 million, and diluted loss per share expanded to $5.44 from a loss of $4.03 a year ago.

              Versace revenue was $208 million, a decline of 21.2% from the same quarter a year earlier.

              The fashion retailer guided first-quarter revenue to be between $765 million and $780 million, compared to $1.07 billion, and diluted earnings per share between 10 cents and 15 cents, compared to a loss of 11 cents a year ago, respectively.

              The company estimated fiscal year 2026 revenue to be between $3.3 billion and $3.4 billion, compared to $4.44 billion, and diluted earnings per share between $1.20 and $1.40, compared to a loss of $10 in the previous year, respectively.
              • Macy's Inc. advanced 1.9% to $12.23 despite the department store chain reporting lower sales and earnings in the first quarter.

                Net sales declined to $4.60 billion from $4.85 billion, net income slipped to $38 million from $62 million, and diluted earnings per share fell to 13 cents from 22 cents a year ago.

                The company’s comparable sales were down 2% on an owned basis, but Bloomingdale’s same-store sales increased 3%.

                “Bluemercury reported comparable sales growth of 1.5%, its 17th consecutive quarter of comparable sales growth,” the company said in a release to investors.

                During the quarter, the retailer returned approximately $152 million to shareholders, including $51 million in quarterly cash dividends and $101 million of share repurchases.

                Macy’s has approximately $1.3 billion remaining under its $2.0 billion share repurchase authorization as of the end of the first quarter.

                The company announced a regular quarterly dividend of 18.24 cents per share payable on July 1 to shareholders on record on June 13.

                Looking ahead, the company estimated full-year revenue to be between $21.0 billion and $21.4 billion, compared to $23.0 billion, and adjusted diluted earnings per share between $2.05 and $2.25, compared to $3.28 a year earlier, respectively.
                • Abercrombie & Fitch Co. advanced 1.8% to $90.06 after the specialty retailer of apparel and accessories reported better-than-expected net sales in the first quarter.

                  Net sales increased to $1.10 billion from $1.02 billion, net income declined to $80.41 million from $113.85 million, and diluted earnings per share fell to $1.59 from $2.14 a year ago.

                  Comparable sales rose 4% in the quarter, led by the EMEA region, up 6%.

                  During the quarter, the company repurchased 2.6 million shares for approximately $200 million, and $1.1 billion remained under repurchase authorization.

                  The company guided second-quarter revenue to grow between 3% and 5% from $1.1 billion, and diluted earnings per share to be between $2.10 and $2.30, compared to $2.50 a year earlier, respectively.

                  For the full year, the company estimated revenue to increase between 3% and 6% from $4.95 billion, and diluted earnings per share to be between $9.50 and $10.50, compared to $10.69 in the previous year, respectively.
                  • Dick's Sporting Goods Inc. gained 1.7% to $180.08 after the retailer reported higher revenue in the first quarter.

                    Net sales jumped to $3.17 billion from $3.02 billion, net income eased to $264.39 million from $275.29 million, and diluted earnings per share fell to $3.24 from $3.30 a year ago.

                    The company continues to expect full-year comparable sales growth in the range of 1% to 3% as it opened six new retail locations during the first quarter and agreed to acquire Foot Locker Inc.

                    The sporting goods retailer announced a quarterly cash dividend of $1.2125 per share payable on June 27 to shareholders on record on June 13.

                    For the full year, the company estimated revenue to be between $13.6 billion and $13.9 billion, compared to $13.44 billion, and diluted earnings per share between $13.80 and $14.40, compared to $14.05 a year ago, respectively.
                    • Veeva Systems Inc. soared 16.4% to $273 after the provider of cloud-based software solutions for the life sciences industry reported strong first-quarter 2026 results.

                      Revenue increased to $759.04 million from $650.34 million, net income jumped to $228.19 million from $161.66 million, and diluted earnings per share rose to $1.37 from 98 cents a year ago.

                      The company guided second-quarter revenue to be between $766 million and $769 million, compared to $676.2 million, and non-GAAP diluted earnings per share between $1.89 and $1.90, compared to $1.62 a year earlier, respectively.

                      For the full year, the software company estimated revenue to be between $3.09 billion and $3.10 billion, compared to $2.75 billion, and non-GAAP diluted earnings per share of approximately $7.63, compared to $6.60 in the previous year, respectively.
                      • Salesforce.com Inc. advanced 1.3% to $279.68 after the customer management software provider reported strong results in the fiscal first-quarter 2026.

                        Revenue edged up to $9.83 billion from $9.13 billion, net income jumped to $1.54 billion from $1.53 billion, and diluted earnings per share rose to $1.59 from $1.56 a year ago.

                        During the quarter, the company returned $3.1 billion to shareholders, including $2.7 billion in share repurchases and $402 million in dividends.

                        The company guided second-quarter revenue to be between $10.11 billion and $10.16 billion, an increase of 8% to 9% from $9.33 billion, and GAAP diluted earnings per share between $1.80 and $1.82, compared to $1.47 a year earlier, respectively.

                        For the full year, the software company estimated revenue to be between $41.0 billion and $41.3 billion, up 8% to 9% from $37.9 billion, and GAAP diluted earnings per share between $7.15 and $7.21, compared to $6.36 in the previous year, respectively.