Earnings live: Macy's stock falls after reporting Q3 profit, American Eagle and Marvell surge

Macy's (M) posted better-than-expected 3rd 4th results connected Wednesday arsenic weary consumers sought retired worth and innovation.

The section store posted gross of $4.7 billion, successful enactment with past twelvemonth and somewhat much than Wall Street's estimates of $4.6 billion, per Bloomberg statement data. That's alongside adjusted net per stock of $0.04, amended than the $0.14 nonaccomplishment analysts were expecting.

The institution posted its strongest 4th for same-store income maturation successful astir 3 years, with income increasing 2.5%, much than the 0.6% summation that was expected.

The institution besides raised its 2025 outlook, saying it present expects full-year income to travel successful the scope of $21.48 billion-$21.63 billion, up from the erstwhile scope of $21.15 billion-$21.45 billion. The updated scope is inactive beneath the $22.3 cardinal posted successful fiscal twelvemonth 2025. The institution said the guidance "continues to presume the user is much choiceful successful the 4th fourth of 2025" successful the release.

Same-store income are expected to autumn successful a scope of level to up 0.5% against past year. The institution antecedently expected a 1.5%-0.5% decline.

Its luxury business, Bloomingdale's, saw an 8.8% summation successful same-store sales, besides marking the highest successful 13 quarters. While its cosmetics brand, Blue Mercury, posted a 1.1% increase.

Chairman and CEO Tony Spring said successful the company's net release, "Our 3rd 4th income were the strongest successful 13 quarters, reflecting the acceleration of our Bold New Chapter strategy and demonstrating that the meaningful enterprise-wide changes we’ve made are resonating with customers."

The banal is present hovering astir $23 per share, up 36% twelvemonth to day and nearing the all-cash connection of $24 per stock that activistic capitalist Arkhouse Management made backmost successful March of 2024. In premarket trading, shares were down astir 6%.

American Eagle Outfitters (AEO) banal surged implicit 11% aft the institution noted that its important vacation play was disconnected to a beardown start, boding good for the 4th quarter.

“Strong momentum has continued into the 4th quarter, including an fantabulous commencement to the vacation season," CEO Jay Schottenstein said successful the release. "We delivered a record-breaking Thanksgiving weekend, led by an acceleration successful request crossed brands and channels and underscored by outstanding maturation astatine Aerie and Offline."

For the 3rd quarter, ended Nov. 1, American Eagle reported nett per stock of $0.53, surpassing estimates of $0.43 per share. Revenue for the 4th was $1.36 billion, a 6% summation twelvemonth implicit twelvemonth and somewhat amended than estimates.

Overall, same-store income accrued 4%, led by an 11% summation successful Aerie comparable sales, portion American Eagle comparable income grew 1%.

For the 4th quarter, American Eagle expects same-store income to turn 8% to 9% twelvemonth implicit year. Comparable income are expected to summation by debased azygous digits for the afloat year.

CrowdStrike's (CRWD) 3rd 4th results came successful marginally amended than expectations, starring the institution to rise its full-year guidance, arsenic artificial quality adoption boosts request for its Falcon platform.

The cybersecurity institution reported a diluted nonaccomplishment per stock of $0.14, compared to a $0.07 nonaccomplishment successful the aforesaid 4th a twelvemonth ago. Analysts estimated CrowdStrike would study a $0.10 nonaccomplishment per share, according to S&P Global Market Intelligence.

CrowdStrike posted gross of $1.23 billion, a 22% summation implicit gross of $1.01 cardinal past twelvemonth and surpassing estimates of $1.21 billion.

For the afloat year, CrowdStrike expects gross of $4.79 cardinal to $4.80 billion, up of the Street's estimates for full-year gross guidance of $4.78 billion.

“We judge the Street is underestimating the maturation imaginable for CrowdStrike arsenic a second/third derivative beneficiary of the AI Revolution and this speaks to our halfway bullishness successful the sanction continuing from existent levels,” Wedbush expert Dan Ives wrote successful a enactment up of earnings. Ives named CrowdStrike successful his Best Ideas list, noting that it's an AI-powered cybersecurity that businesses progressively can't unrecorded without.

CrowdStrike banal wavered astir the level enactment up of the company's net call. You tin perceive to the telephone unrecorded present astatine 5 p.m. ET.

Okta (OKTA) banal fell aft the institution bushed Wall Street estimates for gross and profits successful the 3rd quarter.

Revenue for the 3rd 4th roseate 12% to $742 million,⁠ beating estimates of $730.4 million. Adjusted ​profit per stock of $0.82 besides ​exceeded estimates of $0.76.

Reuters reports:

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Marvell (MRVL) banal slid 6% successful extended trading aft the chipmaker reported an net bushed and announced plans to get spot startup Celestial AI for $3.25 cardinal successful currency and stock.

The chipmaker reported net per stock of $2.20 connected gross of $2.07 billion. Wall Street was expecting net of $1.37 per stock connected gross of $2.06 billion, according to S&P Global Market Intelligence.

Revenue from information centers, a intimately watched metric that makes up astir three-fourths of Marvell's revenue, roseate to $1.52 billion, successful enactment with expectations.

Marvell said it expects Celestial AI, which makes optical exertion for grooming and moving AI models, to statesman contributing $500 cardinal successful yearly gross starting successful the 2nd fractional of fiscal 2028, reaching a $1 cardinal tally complaint by the 4th fourth of fiscal 2029.

"This acquisition further strengthens Marvell’s presumption astatine the forefront of 1 of the fastest-growing opportunities successful AI datacenter infrastructure,” Marvell's CEO Matt Murphy said.

Credo (CRDO) banal surged arsenic overmuch arsenic 20% connected Tuesday aft the institution swung to a nett successful its fiscal 2nd 4th and touted that it's benefitting from the booming AI build-out.

Credo, which makes cables and different connections for information centers, reported net per stock of $0.44, topping Wall Street's estimates for profits of $0.30 per share. Revenue of $268 cardinal besides bushed expectations for $234 million, according to S&P Global Market Intelligence.

For the existent quarter, Credo expects gross to beryllium betwixt $335 cardinal and $345 million. Analysts had an mean estimation of $341 cardinal arsenic of Tuesday.

"These are the strongest quarterly results successful Credo's history, and they bespeak the continued build-out of the world's largest AI grooming and inference clusters," Credo's CEO William Brennan said connected the company's net call. "AI clusters are nary longer measured successful tens of thousands of GPUs. They're present measured successful hundreds of thousands and soon millions. The scale, density, and complexity of these systems are pushing each facet of interconnect."

MongoDB (MDB) banal soared 15% successful extended trading connected Monday aft the unreality bundle institution reported gross good supra its guidance for the 3rd quarter.

Strength successful the Atlas level drove an summation successful revenue, which reached $628.3 cardinal successful the quarter, a 19% year-over-year increase. The institution antecedently guided for gross betwixt $587 cardinal and $592 million.

MongoDB besides recorded a $0.02 nonaccomplishment per share, shallower than the $0.78 per stock nonaccomplishment analysts were expecting, according to S&P Global Market Intelligence.

"Q3 was an exceptional quarter," MongoDB CEO CJ Desai said. "Existing customers are expanding with america and net-new lawsuit additions proceed to amusement strength. Companies crossed industries and geographies are choosing MongoDB due to the fact that we supply a unified information level that powers mission-critical workloads contiguous and besides positions them to capitalize connected the emerging AI level shift."

For the afloat year, the institution expects gross to deed $2.434 cardinal to $2.439 billion, up from its erstwhile guidance of $2.34 cardinal to $2.36 billion.

S&P 500 institution net successful the 3rd 4th person mostly been solid. And with astir each of the reports in, the 13.4% net maturation complaint truthful acold is apt to hold.

Although astir (83%) of the net surprises person been to the upside, investors person been little enthusiastic astir net beats and much punishing astir net disappointments, arsenic indicated by the reactions successful idiosyncratic banal names.

According to FactSet's John Butters, arsenic of Nov. 21, S&P 500 companies that person reported 3rd 4th net beats person seen their banal terms summation by an mean of 0.4% successful the four-day play astir their net release. This is little than the five-year mean summation of 0.9%.

For companies that miss net estimates, the absorption has been disproportionately negative.

Companies that study net beneath expectations person seen their banal alteration by 5% connected mean during the aforesaid play (two days earlier the net merchandise done 2 days after). This is good beneath the five-year mean alteration of 2.6%.

Concerns astir an artificial quality bubble, slowing user spending, and Federal Reserve complaint cuts were successful flux passim the season. And sky-high expectations created a precocious barroom for immoderate idiosyncratic names, specified arsenic Nvidia (NVDA).

Deere and Co's (DE) banal fell 5% earlier the doorbell connected Wednesday aft its archetypal outlook for the twelvemonth fell abbreviated of analysts' expectations. Uncertainty continues to situation the timing for a betterment successful the US workplace economy.

Bloomberg News reports:

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Workday (WDAY) reported rising net that bushed estimates connected Tuesday, but the banal was down astir 6% successful after-hours trading, arsenic the subscription gross guidance boost wasn't arsenic ample arsenic investors were hoping for.

The institution posted net per stock of $0.94, vs. expert estimates of $0.87 per share.

Workday recorded $2.432 cardinal successful full gross during the quarter, including $2.24 cardinal successful subscription revenue. The Street was expecting full gross to beryllium $2.417 billion.

Its full bid backlog accrued 17% twelvemonth implicit twelvemonth to $25.96 billion.

For the 4th fourth ending successful January, Workday expects subscription gross of $2.35 billion. The institution besides updated its full-year fiscal 2026 outlook slightly, guiding for subscription gross of $8.82 billion, representing maturation of 14.4%, compared to its erstwhile guidance of $8.81 billion.

Listen to the net telephone here.

Cloud information supplier Zscaler (ZS) reported an net and gross bushed for its fiscal archetypal quarter, but the banal was nether unit owed to the company's operating nonaccomplishment and a weaker-than-expected full-year nett outlook.

Zscaler's nett nonaccomplishment per stock was $0.07, compared to a nonaccomplishment of $0.11 estimated by analysts, according to S&P Global Market Intelligence. Revenue came successful astatine $788.1 million, an summation of 26% twelvemonth implicit year, compared to $773.8 cardinal estimated.

Operating losses accrued twelvemonth implicit twelvemonth to $36.3 cardinal during the 4th from $30.6 cardinal a twelvemonth ago.

For the 4th quarter, Zscaler expects to bring successful gross of $797 cardinal to $799 million. For the afloat year, the institution sees gross of astir $3.282 cardinal to $3.301 cardinal and nett income per stock of $3.78 to $3.82. For that past metric, Wall Street was expecting full-year net of $4.00 per share.

The banal dropped implicit 6% successful after-hours trading arsenic the net telephone got underway.

You tin perceive to the net telephone unrecorded here.

Dell (DELL) banal fell little than 1% successful extended trading aft the institution somewhat missed Wall Street's gross estimates but issued 4th fourth fiscal guidance supra expectations.

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Chinese EV shaper NIO (NIO) reported it delivered 87,071 vehicles successful the 3rd 4th of 2025, marking a 40.8% summation twelvemonth implicit twelvemonth arsenic contention successful China's EV marketplace has intensified among NIO, XPeng (XPEV), Tesla (TSLA), and others.

Despite posting beardown October deliveries and a smaller nonaccomplishment per stock than expected, NIO shares fell much than 1% up of the opening bell.

NIO reported a nonaccomplishment per stock of 1.51 yuan ($0.21) successful the September quarter, a shallower nonaccomplishment than the 1.64 yuan ($0.23) nonaccomplishment per stock analysts expected. The company's gross of 21.79 cardinal yuan ($3.07 billion) came successful a spot lighter than estimates for 22.29 cardinal yuan ($3.14 billion).

"The beardown momentum was driven by the all-around competitiveness of our NIO, ONVO, and FIREFLY marque offerings, which proceed to resonate with users crossed their respective marketplace segments,” NIO CEO William Bin Li said. “We are moving intimately with proviso concatenation partners to ramp up accumulation and expect full deliveries successful the 4th fourth to scope betwixt 120,000 and 125,000 units, reflecting a year-on-year summation of 65.1% to 72.0% and mounting a caller quarterly record.”

Listen to a replay of the company's net telephone here.

Dick's Sporting Goods (DKS) banal fell aft the institution reported its archetypal quarterly results since acquiring Foot Locker.

Shares fell 2% successful premarket trading aft the sporting goods retailer reported GAAP net per diluted stock of $2.07, compared to estimates of $2.71, according to S&P Global Market Intelligence.

Dick's Sporting Goods besides raised its full-year net guidance to a scope of $14.25 to $14.55, up from $13.90 to $14.50 previously.

In the 3rd quarter, same-store income accrued 5.7% twelvemonth implicit twelvemonth during the quarter. But the company's outgo of goods sold besides roseate arsenic the institution accrued inventories and completed its Foot Locker acquisition.

Abercrombie & Fitch (ANF) banal surged implicit 18% successful premarket trading aft beardown income astatine the company's Hollister marque lifted earnings.

The retailer reported net per stock of $2.36, compared to analysts' estimates of $2.16, according to S&P Global Market Intelligence. Net income reached $1.29 billion, besides supra estimates for $1.27 billion.

Overall, same-store income roseate 3% twelvemonth implicit year, driven by a 15% income summation for the Hollister marque and a 7% income diminution for Abercrombie.

“We achieved 3 years of consecutive quarterly income growth, delivering grounds 3rd 4th nett sales, with 7% maturation to past year," CEO Fran Horowitz said successful the release. "Hollister brands grew 16% connected a beardown decorativeness to back-to-school and autumn seasonal transition. Abercrombie brands made sequential advancement in-line with our expectations, and we are tightly managing inventory arsenic we purpose for 4th fourth marque nett income to beryllium astir level to past year’s record."

The institution raised the little extremity of its full-year outlook for nett income maturation to a scope of 6% to 7%, portion nett income per diluted stock is expected to travel successful astatine $10.20 to $10.50. Previously, the institution saw nett income increasing 5% to 7% and nett income successful a scope of $10.00 to $10.50.

Best Buy's (BBY) 3rd 4th results bushed analysts' estimates arsenic the institution raised its full-year outlook connected Tuesday.

The retailer, which is heading into the vacation season, said that its income were driven by "strong results crossed computing, gaming and mobile phones." Shares successful Best Buy roseate 3% during premarket trading.

Yahoo Finance's elder newsman Brooke DiPalma looks into the latest net study from the retail chain.

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Kohl's (KSS) banal soared 42% connected Tuesday aft the retailer reported better-than-expected 3rd 4th results. Both net and gross surpassed Wall Street estimates. The retailer besides accrued its full-year outlook.

Investing.com reports:

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Alibaba (BABA) banal roseate 4% earlier the doorbell connected Tuesday aft the Chinese e-commerce elephantine bushed analysts' estimates for quarterly ​revenue, arsenic investments successful ‌one-hour transportation helped thrust much users to its buying apps,‌ portion its unreality part reported beardown growth.

Reuters reports:

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