Veeva Systems Q2 Earnings Call Highlights
Veeva Systems reported fiscal 2027 Q2 revenue of $928 million, exceeding guidance, with commercial subscription revenue up approximately 13% year over year and raised full-year outlook.
Stock market today: Dow, S&P 500, Nasdaq close lower, Nvidia stock jumps after earnings
US stocks closed mixed on Wednesday as inflation data held steady and investors awaited Nvidia’s earnings report, which showed strong results and drove AI stocks higher after hours.
Best Buy beats quarterly estimates and hikes its outlook, but stock falls
Best Buy reported better-than-expected fiscal second-quarter results and raised full-year guidance, though shares fell about 7% in morning trading Thursday.
Family offices are making a bullish bet on the stock market, according to CNBC Family Office Portfolio Tracker
Family offices increased stock holdings to 37% of portfolios in the second quarter, up from 34% in the first quarter, marking the largest quarterly shift in several years.
Gap shares jump 12% after company names new Old Navy CEO to revive struggling brand
Gap appointed Michael Francis as the new Old Navy CEO, effective November 2, to revitalize the struggling brand. Gap shares jumped 12% on the announcement as the company posted mixed quarterly results.
Marvell shares tumble 8% as outlook underwhelms despite 37% revenue growth
Marvell Technology shares declined 8% in premarket trading despite beating revenue estimates and raising its fiscal 2028 outlook, as the company’s guidance failed to meet investor expectations.