{"id":55260,"date":"2023-08-31T08:53:18","date_gmt":"2023-08-31T12:53:18","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/salesforce-okta-dollar-general-shopify-chewy-ubs-palantir-and-more-market-movers\/"},"modified":"2023-08-31T08:53:22","modified_gmt":"2023-08-31T12:53:22","slug":"salesforce-okta-dollar-general-shopify-chewy-ubs-palantir-and-more-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=55260","title":{"rendered":"Salesforce, Okta, Dollar General, Shopify, Chewy, UBS, Palantir, and More Market Movers"},"content":{"rendered":"
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Stock futures traded higher Thursday even as the Federal Reserve\u2019s preferred inflation gauge rose slightly on an annual basis in July.<\/p>\n

These stocks were poised to make moves Thursday:\u00a0<\/p>\n

\n

\n Salesforce
\n (CRM), the cloud-based enterprise software provider, reported second-quarter earnings that beat analysts\u2019 estimates and issued an outlook for the third quarter and fiscal year that also topped forecasts.
\n Salesforce
\n said it expects fiscal-year adjusted earnings of $8.04 to $8.06 a share on revenue of $34.7 billion to $34.8 billion. Analysts had been predicting profit of $7.42 a share on revenue of $34.7 billion. The stock rose 6.4%.<\/p>\n

\n Okta
\n (OKTA) shares rose 12% after the identity-management software company reported better-than-expected adjusted earnings and revenue in the second quarter and said it saw signs of stabilization in spending on information technology.
\n Okta
\n raised its fiscal-year forecast, saying it expects adjusted profit of $1.17 to $1.20 a share on revenue of $2.21 billion to $2.22 billion Analysts had expected earnings of 91 cents a share on revenue of $2.18 billion.<\/p>\n

\n Dollar General
\n (DG) sank 16% after second-quarter earnings missed analysts\u2019 expectations and the discount retailer reduced fiscal-year guidance.<\/p>\n

\n Shopify
\n (SHOP) jumped 8.3% after
\n Amazon.com
\n (AMZN) released the Buy with Prime app for Shopify that will allow U.S.-based merchants to more easily offer shoppers the option to buy items using their Prime benefits.<\/p>\n

\n UBS Group
\n (UBS) gained 4.6% after the Swiss bank reported a second-quarter net profit of $29 billion following the integration of Credit Suisse, the former rival that was acquired in June.<\/p>\n

\n Chewy
\n (CHWY), the online seller of pet foods and accessories, reported a surprise second-quarter profit and higher-than-expected sales. The company finished the quarter with 20.4 million active customers,\u00a0matching expectations but falling from a year earlier.
\n Chewy
\n said it expects third-quarter net sales of between $2.74 billion and $2.76 billion, below expectations of $2.79 billion. Chewy shares fell 5.6%.<\/p>\n

\n Palantir Technologies
\n (PLTR) declined 3.3% to $15.80 after
\n Morgan Stanley
\n downgraded shares of the data-analytics software company to Underweight from Equal Weight. Analysts raised the price target to $9 from $8.<\/p>\n

\n CrowdStrike
\n (CRWD) earned 74 cents a share on an adjusted basis in the second quarter, higher than analysts\u2019 expectations of 56 cents. Revenue rose to $731.6 million from $535.2 million and also was higher than estimates. Annual recurring revenue was $2.93 billion, up 37%. The cybersecurity company raised its outlook for the fiscal year and the stock rose 1.1%.<\/p>\n

\n Arista Networks
\n (ANET) was rising 3.1% to $192.85 after analysts at Citi upgraded the provider of data center networking hardware to Buy from Neutral and raised the price target to $220 from $177.<\/p>\n

\n Victoria\u2019s Secret
\n (VSCO)\u00a0was falling 4.4% in premarket trading after reporting a surprise loss in the second quarter and forecasting that fiscal-year sales would decrease in the low-single digit range from the year earlier.<\/p>\n

\n Five Below
\n (FIVE) fell 5% after the discount retailer adjusted fiscal-year guidance to \u201creflect an anticipated increase in shrink reserves,\u201d the industry term for merchandise theft and damage. The company said fiscal-year earnings were expected in the range of $5.27 to $5.55 a share. Five Below\u2019s sales outlook remained unchanged.<\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock futures traded higher Thursday even as the Federal Reserve\u2019s preferred inflation gauge rose slightly on an annual basis in July. These stocks were poised to make moves Thursday:\u00a0 Salesforce (CRM), the cloud-based enterprise software provider, reported second-quarter earnings that beat analysts\u2019 estimates and issued an outlook for the third quarter and fiscal year that […]<\/p>\n","protected":false},"author":1,"featured_media":55261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-55260","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nSalesforce, Okta, Dollar General, Shopify, Chewy, UBS, Palantir, and More Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures traded higher Thursday even as the Federal Reserve\u2019s preferred inflation gauge rose slightly on an annual basis in July. 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