Paycom jumps premarket after earnings beat; data storage stocks fall

Earnings
โดย Investing.com·US·Read original
Summary · why it matters

U.S. stock index futures were little changed on Thursday as investors weighed a potential Strait of Hormuz reopening and renewed AI spending concerns. Paycom Software surged 13.1% after reporting adjusted earnings of $2.78 per share, well above the $2.38 estimate, on revenue of $531.2 million. Data storage companies declined sharply, with Western Digital slumping 14.6% and Sandisk falling 9.2%, as their results failed to meet elevated AI-driven expectations. LegalZoom plunged 23% after cutting its full-year revenue forecast, citing a slowdown in Google Search traffic. Honeywell Aerospace fell 13.1% after slashing its full-year outlook in its first report as an independent company.

Impact on stocks 15

Cloud & Digital Infrastructure± Mixed · 3 stocks
Paycom Software, Inc.
PAYC
▲ PositiveCapitalrelevance

Paycom reported adjusted earnings of $2.78 per share, well above the $2.38 estimate, on revenue of $531.2 million.

Smart City / Autonomous Infrastructure · 2 stocks
Honeywell International Inc
HON
▼ NegativeCapitalrelevance

Honeywell Aerospace slashed its full-year outlook in its first report as an independent company.

Defense & Geopolitical Fragmentation · 1 stocks
Honeywell Aerospace Inc
HONA
▼ NegativeCapitalrelevance

Honeywell Aerospace slashed its full-year outlook in its first report as an independent company.

Industrials · 1 stocks
LegalZoom.com Inc
LZ
▼ NegativeDemandrelevance

LegalZoom cut its full-year revenue forecast due to a slowdown in Google Search traffic.

Semiconductors · 1 stocks
Sandisk Corp
SNDK
▼ NegativeCapitalrelevance

Sandisk fell 9.2% as its results failed to meet elevated AI-driven expectations.

Robotics & Physical AI · 1 stocks
Artificial Intelligence · 1 stocks
Space Economy · 1 stocks
Health Care · 1 stocks
Energy · 1 stocks
Communication Services · 1 stocks
Consumer Discretionary · 1 stocks