Zoom (ZM): The corporate cut its fourth quarter and full-year revenue guidance, sending shares decrease by greater than 4% in prolonged buying and selling. Zoom sees fourth-quarter income $1.10 billion to $1.11 billion, wanting Wall Avenue’s estimate of $1.12 billion. Zoom sees full-year income of $4.37 billion to $4.38 billion, decrease than its prior view of $4.39 billion to $4.40 billion. For the third quarter, Zoom reported adjusted earnings of $1.07 per share on income of $1.10 billion.
City Outfitters (URBN): The retailer’s third-quarter sales beat estimates, sending shares larger in after hours buying and selling. Gross sales for the three month interval rose 3.9% from a yr in the past to a document $1.18 billion. Comparable retail section gross sales rose 4%, double analyst estimates of two% progress. CEO Richard Hayne famous demand seems to be sturdy for the present quarter, writing within the firm’s earnings launch “As we strategy the all-important Black Friday/Cyber Monday weekend, we’re inspired by gross sales quarter-to-date.”
Dell (DELL): The corporate posted better than expected third-quarter earnings on each the highest and backside strains however fourth quarter steering weighed on shares in prolonged buying and selling. Dell sees This fall income of $23 billion to $24 billion, wanting the road’s estimate of $24.87 billion.
For the third quarter, adjusted earnings have been $2.30 per share on income of $24.72 billion.