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Trip.com posts $363 million Q2 net loss, reports $2.31 billion in revenue

Trip.com Group reported a net loss of $363 million for the second quarter, or 57 cents per share. Adjusted earnings were $1.07 per share. The company reported revenue of $2.31 billion for the period.

Forgent Power posts fiscal Q4 net income of $53.3 million, adjusted EPS 25 cents

Electrical distribution equipment maker Forgent Power reported fiscal fourth-quarter net income of $53.3 million and adjusted earnings of 25 cents per share, beating analysts’ 23-cent estimate. Revenue came in at $461.7 million, above the $425.6 million forecast. The company also issued full-year guidance calling for earnings of $1.26 to $1.40 per share on revenue of $2.4 billion to $2.6 billion.

Descartes Systems posts fiscal Q2 net income of $50 million on revenue of $201.1 million

Descartes Systems reported fiscal 2025 second-quarter net income of $50 million, equal to 57 cents per share. The company posted revenue of $201.1 million for the quarter.

Oracle posts fiscal Q1 profit of $4.76 billion and revenue of $19.35 billion, topping forecasts

Oracle reported fiscal 2025 first-quarter net income of $4.76 billion, or $1.56 a share, and adjusted earnings of $1.92 a share. The adjusted result beat the $1.74-per-share estimate from analysts surveyed by Zacks Investment Research. Revenue came in at $19.35 billion, above the $19.13 billion forecast. The company said it expects full-year earnings of $8.10 per share and revenue of $90 billion.

Adobe posts fiscal Q3 net income of $1.83 billion and revenue of $6.76 billion, topping estimates

Adobe reported fiscal 2024 third-quarter results with net income of $1.83 billion, adjusted earnings of $6.13 per share and revenue of $6.76 billion, exceeding Wall Street expectations. For the quarter ending in November, the company forecast adjusted earnings of $6.30 to $6.35 per share. Adobe also guided fiscal fourth-quarter revenue to $6.8 billion to $6.85 billion. The results were based on data from Zacks Investment Research via Automated Insights.

Macy’s posts fiscal Q2 profit of $169 million and maintains full-year EPS outlook of $2.15-$2.35

Macy’s reported fiscal second-quarter net income of $169 million, with adjusted earnings of 40 cents per share and adjusted revenue of $4.87 billion, topping Wall Street expectations. The company’s revenue was $5.06 billion for the period. Macy’s kept its full-year earnings forecast at $2.15 to $2.35 per share. It also maintained its full-year revenue outlook of $21.68 billion to $21.83 billion.

AeroVironment posts $5.1 million fiscal Q1 loss; adjusted EPS beats estimates at $0.59

Drone maker AeroVironment reported a net loss of $5.1 million for fiscal 2025 first quarter, but posted adjusted earnings of $0.59 per share, well above analysts’ $0.22 estimate. Revenue came in at $480.5 million, also ahead of the $467.9 million consensus forecast. The company guided for full-year earnings of $3.02 to $3.34 per share and revenue of $2.13 billion to $2.23 billion. Despite the beat, the stock is down 42% year to date and last traded at $140.80.

S&P 500 drops 0.5% as Brent crude jumps 3.4% back above $100 a barrel

U.S. stocks fell after Brent crude surged 3.4% to climb back above $100 a barrel for the first time since July. The jump in oil followed the latest attacks between the U.S. and Iran, which have stifled the flow of oil through the Strait of Hormuz. The S&P 500 slipped 0.5%, the Dow fell 0.8%, and the Nasdaq lost 0.6%. Treasury yields also moved higher.

American Eagle Outfitters posts fiscal Q2 net income of $134.1 million on $1.38 billion revenue

American Eagle Outfitters reported fiscal second-quarter net income of $134.1 million and revenue of $1.38 billion, beating Wall Street expectations. Analysts had projected revenue of $1.37 billion on average.

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