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    • Breaking News
    Jun 5, 2026
    • Broadcom dropped 13% to $418.91 after the advanced chipmaker's outlook fell short of some investors. 

      Revenue in the fiscal second quarter ending on May 3 increased 48% to $22.2 billion from $15.0 billion, net income soared 88% to $9.3 billion from $5.0 billion, and diluted earnings per share rose 85% to $1.91 from $1.03 a year ago. 

      The company's Board of Directors declared a quarterly cash dividend of 65 cents payable on June 30 to shareholders on record on June 22. 

      The company guided fiscal third-quarter revenue of $29.4 billion and an adjusted operating margin of 68% of protected revenue. 
      • Jun 3, 2026
      • Palo Alto Networks decreased 3.4% to $287.0, and the cybersecurity company posted strong financial results in the fiscal third quarter. 

        Revenue increased 31% to $3.0 billion from $2.3 billion, net income swung to a loss of $177 million from $262 million, and diluted earnings per share were a loss of 22 cents compared to 37 cents a year ago. 

        The company revised higher its revenue guidance for the current quarter and for the fiscal year. 

        The company lifted its fiscal second quarter revenue range to between $3.345 billion and $3.355 billion, representing an increase of 32% from a year ago, and diluted earnings per share to fall between 96 cents and 98 cents. 

        For the fiscal year 2026, the company estimated revenue to range between $11.415 billion and $11.425 billion, representing an increase of 24% from a year ago, and adjusted diluted earnings per share to range between $3.77 and $3.79.
        • GitLab dropped 3% to $30.87 after the company announced its plan to reduce its full-time workforce by 14%, or about 36 staff, and exit 22 countries.

          The company estimated a pre-tax charge between $30 million and $35 million for its restructuring plan. 

          Total revenue in the fiscal first quarter ending in April rose 23% to $264.2 million from $214.5 million, net loss attributable to shareholders shrank to $5 million from $35.9 million, and diluted loss per share decreased to 3 cents from 22 cents a year ago. 

          The company guided fiscal second quarter revenue to range between $272 million and $274 million, and fiscal 2027 revenue to range between $1.112 million and $118 million. 

          The software platform developer estimated adjusted earnings per share in the fiscal second quarter to range between 17 and 18 cents and fiscal 2027 to range between 79 cents and 82 cents.
          • Ulta Beauty increased 1% to $500.26 after the company posted its quarterly results and revised higher its full-year earnings estimate. 

            Revenue in the fiscal first quarter ending on May 2 increased 11.1% to $3.2 billion from $2.9 billion, net income soared 11.4% to $340.5 million from $305.1 million, and diluted earnings per share advanced 15% to $7.74 from $6.70 a year ago. 

            Net sales increased in the quarter, primarily due to increased comparable sales, the acquisition of Space NK, and sales from new stores. 

            Comparable sales rose 5.3%, driven by a 3.7% increase in average ticket and a 1.6% increase in transactions. 

            The company reiterated its fiscal year net sales to increase between 6% and 7%, comparable store sales to rise between 2.5% and 3.5%, and capital expenditures between $400 million and $450 million. 

            The cosmetic retailer lifted its annual diluted earnings per share range to between $28.36 and $28.80 from the previous range between $28.05 and $28.55.
            • Jun 2, 2026
            • Victoria's Secret soared 47% to $80.06 after posting strong quarterly results and lifting its annual sales outlook. 

              Revenue in the fiscal first quarter ending on May 2 rose 15% to $1.6 billion from $1.4 billion, net income attributable to shareholders swung to $47.7 million from a loss of $1.7 million, and diluted earnings per share increased to a profit of 56 cents from a loss of 2 cents a year ago.

              The company raised its net sales forecast for the fiscal second quarter to between $1.59 billion and $1.62 billion, compared to $1.46 billion in the quarter a year ago.

              The specialty retailer of intimate apparel raised its fiscal full-year 2026 revenue estimate to between $7.03 billion and $7.13 billion, an increase compared to the previous estimated range between $6.85 billion and $6.95 billion and compared to $6.56 billion in fiscal 2025.  
              • May 28, 2026
              • Marvell Technology decreased 2.8% to $193.24 after the semiconductor company reported financial results for its fiscal first quarter ending on May 3.

                Net revenues increased 28% to $2.4 billion from $1.9 billion, net income dropped to $34.5 million from $177.9 million, and diluted earnings per share eased to 4 cents from 20 cents a year ago. 

                "We expect revenue growth to continue accelerating each quarter throughout fiscal 2027, driven by continued strength in our data center business,” said Matt Murphy, Marvell’s chairman and CEO.

                The company raised its fiscal 2027 and 2028 guidance, "driven by strong demand across a broad set of Marvell solutions," including Ethernet switches and optical interconnect solutions. 

                The company guided fiscal second quarter revenue of $2.7 billion and diluted net income per share of 37 cents.
                • Snowflake Inc. soared 37% to $240.25 after the company posted its quarterly results and inked a long-term cloud infrastructure partnership deal with Amazon's AWS unit. 

                  Net revenues in the fiscal first quarter, ending in April, rose 33% to $1.4 billion from $1.1 billion; net loss shrank to $295.6 million from $430.1 million; and diluted loss per share decreased to 86 cents from $1.29 a year ago.

                  The company estimated product revenue for the fiscal second quarter to range between $1.415 billion and $1.420 billion and for the full year to rise 31% to $5.84 billion, higher than the previous estimate of $5.66 billion. 
                  • Dollar Tree jumped 13% to $108.18 after the deep-discount retailer reported fiscal first-quarter results ending on May 2. 

                    The company reiterated its current quarter and full-year sales estimates. 

                    Net revenues increased 7.2% to $5 billion from $4.6 billion, net income increased to $347.3 million from $343.4 million, and diluted earnings per share rose to $1.76 from $1.61 a year ago. 

                    The company expects net sales from continuing operations for the second quarter to range from $4.8 billion to $4.9 billion, based on comparable store net sales growth in the range of 2.5% to 3.5%. 

                    The company guided full-year 2026 sales to fall between $20.5 billion and $20.7 billion and adjusted diluted earnings per share between $6.70 and $7.10. 
                    • Best Buy Company jumped 8.9% to $69.99 after the electronics retailer reported better-than-expected results for the fiscal first quarter ending on May 2.

                      Revenue increased to $8.9 billion from $8.8 billion, net income rose to $276 million from $202 million, and diluted earnings per share advanced to $1.31 from 95 cents a year ago.

                      Comparable sales advanced 2% compared to a decline of 0.7% in the year ago period, and the specialty retailer reaffirmed its annual outlook.

                      Best Buy estimated fiscal year revenue between $41.2 billion and $42.1 billion and comparable sales to range between a decline of 1% and a rise of 1%.
                      • May 21, 2026
                      • Intuit Inc. dropped 13.8% to $331.08 after the company posted its fiscal third quarter results and announced its plan to layoff about 17% of its staff. 

                        Revenue increased 10% to $8.6 billion from $7.8 billion, net income jumped 8% to $3.1 billion from $2.8 billion, and diluted earnings per share advanced to $11.09 from $10.02 a year ago. 

                        The company raised its full-year revenue to range between $21.341 billion and $21.374 billion, an increase between 13% and 14% from a year ago. 

                        The software company estimated full-year diluted earnings per share to range between $15.79 and $15.84.