Kohl’s, Palo Alto Networks, and Applied Materials also reported today. Let’s see how they fared:
Kohl’s ($KSS) | EPS: $0.11 vs. $0.70 expected | Revenue: $3.72 billion vs. $3.68 billion expected | Link to Report
$KSS gained 4.33% in trading today after reporting first quarter results. The company acknowledged changing customer behavior amid inflation and other macroeconomic factors. Kohl’s also commented on the pending acceptance of a bid from a potential buyer, as the retail company has been pressured by an activist investor for the last several months to sell. 💰
Kohl’s CEO Michelle Gass commented on the company’s financial results: “[I am] pleased with the number of parties who recognize the value of our business and plan.”
That being said, Gass also acknowledged some of the economic challenges facing Kohl’s during the quarter: “Sales considerably weakened in April as we encountered macro headwinds related to lapping last year’s stimulus and an inflationary consumer environment.” 🤷
Palo Alto Networks, the California-based cybersecurity company, reported Q3 earnings and $PANW soared 10.08% after hours. Here are the numbers:
Palo Alto Networks ($PANW) | EPS: $1.79 vs. $1.68 expected | Revenue: $1.39 billion vs. $1.36 billion | Link to Report
Palo Alto Networks provided exciting full-year guidance, which entails a +29% YoY increase in revenue. $PANW spent the day trending on Stocktwits — check it out! Here’s $PANW‘s impressive intraday chart:
Applied Materials Inc, a California-based company which manufactures equipment necessary to produce semiconductors, descended almost 3% today. $AMAT expressed difficulties with supply chain issues and posted a miss on earnings and revenue. Here are the numbers:
Applied Materials Inc. ($AMAT) | EPS: $1.85 vs. $1.90 expected | Revenue: $6.25 billion vs. $6.35 billion expected | Link to Report
The company’s CEO commented: “Demand for Applied Materials’ products and services has never been stronger, yet we remain constrained by ongoing supply-chain issues. Our priority is to work quickly and creatively across the supply chain to bring more industry capacity online.”
$AMAT is down 2.38% after hours.
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