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Zscaler beat fiscal fourth-quarter earnings expectations and issued upbeat guidance, but its stock fell on Friday as the cloud security company reported strong revenue growth and recurring revenue gains.
Lululemon’s stock dropped 20% in premarket trading after reporting weak earnings, a 9% comparable sales decline, and cutting its full-year revenue guidance to $10.35 billion to $10.5 billion.
Evolution Petroleum shifted its business model toward diversified energy operations, with fourth-quarter adjusted EBITDA more than doubling sequentially driven by improved production and operating costs.
Alphabet surged 24.4% in the second quarter as revenue growth reached 22%, though the company raised capital expenditure guidance to $190 billion amid capacity constraints.
LyondellBasell Industries (LYB) declined 34% in the second quarter as commodity market sentiment shifted, with polyethylene and polypropylene prices falling approximately 15% since May.
Huntington Bancshares shares declined 3% after the regional bank lowered its fiscal 2027 earnings per share guidance to $1.75-$1.83 from $1.90-$1.93, citing higher interest rates and deposit competition.
