Powell’s speech, Nvidia’s chips, Meta deal - what’s moving markets
After-hours movers:
Zoom (NASDAQ:ZM) rose 6% after it published better than expected quarterly results. Zoom reported Q2 EPS of $1.53, $0.15 better than the analyst estimate of $1.38. Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.2 billion.
Workday (NASDAQ:WDAY) fell 5% despite solid quarterly figures. Total revenues were $2.348 billion, an increase of 12.6% from the second quarter of fiscal 2025. Subscription revenues were $2.169 billion, an increase of 14.0% from the same period last year.
Intuit (NASDAQ:INTU) fell 5% after full year EPS guidance missed estimates at the midpoint.
Ross Stores (NASDAQ:ROST) rose 3% despite mixed second quarter results and guidance. Management said they were encouraged by the tone of the business in the second quarter and feel well positioned as they begin the third quarter.