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J.B. Hunt shares fell 13% after the trucking company warned third-quarter earnings would decline 5-10%, citing increased recruiting and training costs plus elevated fuel prices.
Third-quarter earnings season begins with analysts projecting nearly 30% year-over-year profit growth for the S&P 500, potentially propelling stocks higher through year-end despite rising bond yields.
Nike reported declining revenues and net income for the fiscal first quarter while announcing a restructuring plan involving layoffs beginning in 2027, causing shares to drop roughly 3% in extended trading.
Palo Alto Networks surpassed fiscal fourth-quarter estimates as artificial intelligence security concerns drive customer demand for its cybersecurity tools and services.
Broadcom shares rose in extended trading after issuing an optimistic fiscal year forecast and signaling expanding business with major artificial intelligence laboratories through custom chip development.
Snowflake shares surged 22% in extended trading after reporting revenue growth of 35% year-over-year and raising full-year product revenue guidance to $6.07 billion.
