Zscaler beats earnings expectations, issues upbeat guidance but stock falls
Zscaler beat fiscal fourth-quarter earnings expectations and issued upbeat guidance, but its stock fell on Friday as the cloud security company navigated investor concerns.
Lululemon stock plunges 20% on disappointing earnings and outlook
Lululemon shares plunged 20% in premarket trading after the apparel retailer reported declining revenue and comparable sales, along with reduced full-year guidance.
World’s largest contract chipmaker TSMC sees August revenue surge over 53% to record high
Taiwan Semiconductor Manufacturing Co. reported record August revenue of $16.35 billion, up 53.3% year-over-year, driven by strong artificial intelligence chip demand.
Oracle’s stock edges up on earnings beat as cloud infrastructure revenue more than doubles
Oracle shares rose 4% after the software company reported first-quarter earnings that exceeded expectations, driven by cloud infrastructure revenue that more than doubled.
Mattel names Roger Lynch as CEO, replacing Ynon Kreiz
Mattel appointed Roger Lynch as its new CEO and chairman, replacing Ynon Kreiz, who is transitioning to co-lead a merged media company.
Macy’s posts strong results, raises guidance as turnaround begins to take hold
Macy’s posted second-quarter comparable sales growth of 2.7% and raised full-year guidance, with CEO Tony Spring citing success from its store reimagining turnaround strategy.