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  • Cloudera's adjusted profit, revenue beats expectations as merger deal remains on track

    Cloudera Inc. , which remains on track to be acquired by Clayton, Dubilier & Rice LLC and KKR & Co. this year, reported a fiscal second-quarter adjusted profit and revenue that beat expectations, citing "strong" annualized recurring revenue (ARR) growth. The enterprise data cloud company's stock was little changed in premarket trading. The net loss for the quarter to July 31 narrowed to $33.2 million, or 11 cents a share, from $36.0 million, or 12 cents a share, in the year-ago period....

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  • Hormel Foods stock sinks after profit matches expectations but full-year outlook cut

    Shares of Hormel Foods Corp. sank 4.6% in premarket trading Thursday, after the branded foods company, which brands include Planters, Skippy and Spam, reported fiscal third-quarter profit that matched expectations, while record revenue beat, but cut its full-year earnings guidance, as the company managed through inflationary pressure and labor availability challenges. Net income fell to $177.1 million, or 32 cents a share, from $203.3 million, or 37 cents a share, in the year-ago period....

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  • Kroger raises full-year adjusted earnings guidance

    Kroger Co. reported second-quarter net income totaling $467 million, or 61 cents per share, down from $819 million, or $1.03 per share last year. Adjusted EPS of 80 cents beat the FactSet consensus for 64 cents. Sales of $31.68 billion were up from $30.49 billion last year and also ahead of the FactSet consensus for $30.64 billion. Digital sales more than doubled, up 114%. Identical sales excluding fuel fell 0.6%, ahead of the FactSet consensus for a 3.2% decline. On a two-year stack, identical...

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  • Toro stock gains after profit and revenue rise above expectations, and outlook lifted

    Shares of Toro Co. rose 0.6% in premarket trading Thursday, after the lawn care equipment company reported fiscal third-quarter profit and sales that rose above expectations, as strength in the residential business helped offset a miss in professional, and raised its full-year outlook as strong demand was expected to offset continued supply chain, inflation and labor pressures. Net income for the quarter to July 30 rose to $96.3 million, or 89 cents a share, from $89.0 million, or 82 cents a...

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  • Earnings Results: Affirm stock surges 20% after revenue beat and positive outlook

    Affirm Holdings Inc. has been riding some momentum since announcing a buy-now pay-later partnership with Amazon.com Inc., and it looks to be continuing that traction following its latest earnings report.

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  • Ciena's stock jumps after profit beats expectations amid surprise revenue growth

    Shares of Ciena Corp. charged up 5.8% in premarket trading Thursday, after the optical networking company reported fiscal third-quarter profit that beat expectations and a surprise growth in revenue, and provided an upbeat outlook citing a robust demand environment. Net income for the quarter to July 31 rose to $238.2 million, or $1.52 a share, from $142.3 million, or 91 cents a share, in the year-ago period. Excluding non-recurring items, such as a $124.2 million tax benefit related to a...

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  • Li Auto's stock rallies after surprise loss but revenue beat expectations, and outlook was upbeat

    Shares of Li Auto Inc. rallied 2.9% in premarket trading Monday, after the China-based electric vehicle maker reported a surprise second-quarter loss but revenue that beat expectations as deliveries nearly tripled and provided an upbeat outlook. Net losses narrowed to RMB235.5 million ($36.5 million), or RMB0.26 per American depositary receipt, from RMB345.2 million, or RMB2.71 per ADS, in the year-ago period. Excluding nonrecurring items, the adjusted per-ADS loss was RMB0.07, compared with...

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