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    • Breaking News
    Dec 4, 2024
    • Salesforce jumped 12% to $371.20 after the customer relations software developer reported better-than-expected quarterly results. 

      The company reported higher-than-expected revenue in the third quarter of $9.44 billion and adjusted earnings per share of $2.41. 
      • Marvell Technology jumped 13% to $108.30 after the advanced chipmaker reported higher-than-expected third quarter earnings. 

        Stock soared after the company estimated fourth quarter revenue of $1.8 billion. 
        • Okta Inc. jumped 13% to $92.35, and the identity and access management company said revenue in the third quarter increased 14% from a year ago to $569 million. 

          The company also guided revenue in the fourth quarter to range between $667 million and $669 million. 
          • Chewy Inc. decreased 1.9% to $32.99, and the online pet food store reported mixed quarterly results.

            Revenue in the third quarter increased to $2.88 billion, and diluted earnings per share were 20 cents per share. 

            However, the company's estimate of revenue in the fourth quarter and full year was ahead of market expectations. 
            • Foot Locker dropped 19% to $19.71 after the athletic footwear retailer reported third quarter revenue of $1.96 billion and diluted earnings per share of 33 cents. 

              Dollar Tree jumped 3.6% to $75.09 after the deep discount retailer reported better-than-expected revenue and earnings in the third quarter. 

              Revenue increased to $7.56 billion, and diluted earnings per share advanced to $1.12. 
              • Dec 3, 2024
              • Tesla Inc. declined 1.9% to $350.25, and a Delaware judge upheld the previous judgment to deny chief executive Elon Musk the right to receive a pay package worth $56 billion in 2018. 

                Following the previous judgment issued by Chancellor Kathleen McCormick in January, Tesla moved its incorporation to Texas from Delaware and ratified the annual pay plan through a shareholder vote in June. 

                Tesla sought Chancellor Kathleen to reverse her opinion after the shareholder vote. 

                “Were the court to condone the practice of allowing defeated parties to create new facts for the purpose of revising judgments, lawsuits would become interminable,” wrote McCormick in a judgment released on Monday. 

                Tesla said on a social media platform, X, it plans to appeal the decision. 
                • U.S. Steel declined 5.5% to $38.70 after President-elect Donald Trump said he plans to block the company's purchase by Japan's Nippon Steel. 

                  Nippon Steel has agreed to pay $14 billion, and the company has committed to keeping most of the employees on the payroll after the acquisition. 
                  • Credo Technology Group soared 33.5% to $64.01 after the high-speed connectivity solutions provider reported fiscal second quarter results. 

                    Revenue in the quarter ending on November 2 increased 63.6% to $72 million from $59.7 million, net loss shrank to $4.2 million from $9.4 million, and diluted loss per share eased to 3 cents from 6 cents a year ago. 
                    • Zscaler declined 5.4% to $197.25 after the company's fiscal second quarter outlook fell short of market expectations. 

                      Revenue in the fiscal first quarter ending in October rose 26% to $628 million from $496.7 million, net loss shrank to $12 million from $33.5 million, and diluted loss per share eased to 8 cents from 23 cents a year ago. 

                      The company estimated revenue in the fiscal 2025 second quarter to range between $633 million and $635 million and adjusted earnings per share between 68 cents and 69 cents. 

                      For the full year 2025, the company estimated revenue between $2.623 billion and $2.643 billion and adjusted earnings per share to range between $2.94 and $2.99. 
                      • Nov 27, 2024
                      • Workday Inc. plunged 12% to $238.0 after the human resource software company estimated lower-than-expected revenue and operating margin in the fourth quarter. 

                        The software company estimated subscription revenue of $2.025 billion and an operating margin of 25% in the period. 

                        Revenue in the fiscal third quarter ending in September increased 15.8% to $2.1 billion from $1.8 billion, net income advanced to $193 million from $114 million, and diluted earnings per share rose to 72 cents from 43 cents a year ago. 

                        Workday repurchased approximately 0.6 million shares of Class A common stock for $157 million as part of its share repurchase programs.