11/7/2023 0 Comments Dow futures cnbc now![]() ![]() The company upped its expected revenue for the full year to come in between $1.587 billion and $1.591 billion, while analysts expect $1.56 billion. The company also raised forward guidance. That topped Zscaler's prior guidance of between $55 million and $56 million, as well as the FactSet analyst forecast of $55.6 million.īillings came in between $478 million and $482 million, beating the estimate of $448.8 million compiled by FactSet. Preliminary non-GAAP operating income was also stronger than anticipated, with the company setting a range of $60 million and $64 million. That's also above the consensus estimate of $397.4 million from analysts polled by FactSet. The company reported preliminary third-quarter revenue between $415 million and $419 million, ahead of its prior expectation of between $396 million and $398 million. Zscaler rallied nearly 20% after the cloud security company issued strong preliminary earnings and forward guidance. Lea la cobertura del mercado de hoy en español aquí. The losses came despite a late-week rally that saw volatile regional bank stocks jump off their lows. Stocks are coming off a volatile week that saw the Dow Jones Industrial Average and S&P 500 notch their worst weekly stretches since March. Buffet personally discussed topics including the latest banking crisis that rocked Wall Street, at Berkshire Hathaway's annual meeting in Omaha, Nebraska. The conglomerate showed operating earnings increased 12% in the first quarter, while its cash hoard topped $130 billion. On Saturday, Warren Buffett's conglomerate reported its first-quarter results. Meanwhile, Berkshire Hathaway Class A shares rose 1%. The company is set to report quarterly results on Wednesday. "This week won't be as busy as last but it will still be important."Įlsewhere, shares of Disney rose more than 2%. "It looks like Wall Street will try to find out if bank stress is nearing the end," Moya said. Investors are debating whether the banking crisis has finally abated, according to Oanda senior market analyst Edward Moya. Big banks Wells Fargo and JPMorgan Chase also rose. Western Alliance shares ended the day up about 0.6%. Late Friday evening, the bank announced that it would cut its dividend to just 1 cent per share from 25 cents per share in the prior quarter. Separately, select bank shares ticked higher to begin the week. Traders are awaiting key data that will inform the Federal Reserve's forward path: April's CPI report is due Wednesday, followed by the producer price index on Thursday. ![]() "A look beneath the surface reveals a bit more agitation than that first glance might reveal." "At first glance, markets appear to be assuming a more tepid approach on Monday as they digest everything we learned last week, contemplate emerging tail risks, and prepare for more data later this week," according to the Goldman Sachs trading desk. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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