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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.
Lululemon’s stock fell 20% after the retailer reported declining revenue and comparable sales, along with reduced full-year guidance citing negative social media commentary and weakness in core categories.
Zscaler beat fiscal fourth-quarter earnings expectations and issued upbeat guidance, but its stock fell as investors weighed strong results against broader market concerns.
Macy’s reported fiscal second quarter comparable sales growth of 2.7% and raised full-year guidance, with its Bloomingdale’s luxury division posting an 11.3% comparable sales increase as its turnaround strategy gains traction.
Salesforce projected fiscal 2030 revenue exceeding $63 billion, surpassing analyst expectations of $59.2 billion, at its Dreamforce conference this week.
