Snowflake Surges on Earnings, Campbell's Falls on Weak Forecast

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Snowflake Inc is up 19.9% at $366.83 after posting better-than-expected second-quarter earnings and revenue and lifting its full-year guidance, prompting analysts including Citigroup to raise price targets to $490 from $395. Options volume is eight times the intraday average, with calls accounting for 57% of the 188,000 contracts traded. Campbell's Co is down 10.8% at $21.22 after forecasting annual sales and profit below estimates and slashing its dividend, with options volume at seven times the average. Ciena Corp is down 9.9% at $319.33 despite record quarterly revenue of $1.67 billion and adjusted earnings of $2.11 per share, as its adjusted gross-margin outlook weighs on shares. ACM Research Inc is down 1.1% at $69.11, and the Schwab U.S. Dividend Equity ETF is up 0.1% at $35.05, with the ETF nearing $112 billion in assets and closing in on Vanguard Dividend Appreciation Index Fund ETF as the largest U.S. dividend ETF.

Impact on stocks 5

Artificial Intelligence · 1 stocks
Ciena Corp
CIEN
▼ NegativeCapitalrelevance

Ciena fell 9.9% as its adjusted gross-margin outlook weighed on shares despite record revenue.

Consumer Staples · 1 stocks
Campbell’s Co
CPB
▼ NegativeCapitalrelevance

Campbell's fell 10.8% after forecasting annual sales and profit below estimates and slashing its dividend.

Cloud & Digital Infrastructure · 1 stocks
Snowflake Inc.
SNOW
▲ PositiveCapitalrelevance

Snowflake surged 19.9% after better-than-expected Q2 earnings and revenue and raised full-year guidance, prompting analyst price-target hikes.

Semiconductors · 1 stocks
Others · 1 stocks