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Zoom (ZM): The organization cut its fourth quarter and whole-12 months income assistance, sending shares decrease by extra than 4% in extended investing. Zoom sees fourth-quarter profits $1.10 billion to $1.11 billion, small of Wall Street’s estimate of $1.12 billion. Zoom sees full-12 months revenue of $4.37 billion to $4.38 billion, decreased than its prior watch of $4.39 billion to $4.40 billion. For the third quarter, Zoom described modified earnings of $1.07 per share on profits of $1.10 billion.
Urban Outfitters (URBN): The retailer’s third-quarter income defeat estimates, sending shares bigger in soon after hours investing. Sales for the three thirty day period interval rose 3.9% from a 12 months ago to a file $1.18 billion. Comparable retail segment sales rose 4%, double analyst estimates of 2% progress. CEO Richard Hayne observed demand seems sturdy for the present quarter, writing in the company’s earnings release “As we technique the all-essential Black Friday/Cyber Monday weekend, we are inspired by profits quarter-to-date.”
Dell (DELL): The firm posted improved than envisioned third-quarter earnings on equally the top and bottom strains but fourth quarter steering weighed on shares in extended investing. Dell sees Q4 earnings of $23 billion to $24 billion, short of the street’s estimate of $24.87 billion.
For the 3rd quarter, modified earnings were $2.30 for each share on revenue of $24.72 billion.
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