Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Nov 25, 2020 at 7:29 AM
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Today's Stock Market News & Events: 11/25/2020

by Schaeffer's Digital Content Team

Yesterday was a historic day for the Dow, as the index surpassed the 30,000 level for the first time ever. The primary catalysts for the record-breaking event was the latest round of positive vaccine news, strengthening investor sentiment surrounding a speedy economic recovery, as well as the Trump administration's approval to begin the transition process for President-elect Joe Biden. The Dow Jones Industrial Average (DJI - 30,046.24) tacked on 455 points yesterday. The S&P 500 Index (SPX - 3,635.41) rose 57.8 points  for the day on Tuesday. The Nasdaq Composite (IXIC - 12,036.79) gained 156.2 points for the day yesterday. The Cboe Volatility Index (VIX - 21.64) fell 1 point, or 4.5% for the day.

Today is an incredibly busy day for investors. Initial and continuing jobless claims data is slated to be released. Meanwhile, durable goods and core capital goods orders data are on tap, as well, while new home sales will be reported later on. Rounding out the day, personal income, consumer spending, core inflation, and the consumer sentiment index data are all due out. Investors will unpack the Case-Shiller national home price index, as well as the consumer confidence index.  We will also see a handful of earnings today including Deere (DE) before the market opens for the day ahead of the holiday tomorrow.

For your convenience, we have rounded up the schedule of companies slated to release earnings today, November 25:

Deere & Company (NYSE:DE -- $261.51)
manufactures and distributes various equipment worldwide. Deere will report its fourth-quarter earnings before the bell today.

Frontline Ltd. (NYSE:FRO -- $7.40)
engages in the seaborne transportation of crude oil and oil products worldwide. FRO is current down by 5.2% year-to-date. Frontline will report its fourth-quarter earnings before the bell today.

Here’s a quick recap of how yesterday’s earning reports played out compared to expectations:

Abercrombie & Fitch, Co. (NYSE:ANF -- $22.69) operates as a specialty retailer. Earnings per share rose 230.43% over the past year to $0.76, which beat the estimate of ($0.04). Revenue of $819,653,000 declined by 5.07% year over year, which beat the estimate of $739,360,000.

American Woodmark, Co. (NASDAQ:AMWD -- $104.70) manufactures and distributes kitchen cabinets and vanities. Earnings per share rose 7.07% year over year to $1.97, which beat the estimate of $1.88. Revenue of $448,583,000 up by 4.81% year over year, which missed the estimate of $451,680,000.

Analog Devices, Inc. (NASDAQ:ADI -- $137.07) designs, manufactures, and markets integrated circuits (ICs), algorithms, software, and subsystems. Earnings per share increased 21.01% over the past year to $1.44, which beat the estimate of $1.32. Revenue of $1,526,000,000 rose by 5.75% from the same period last year, which beat the estimate of $1,440,000,000.

Anaplan, Inc. (NYSE:PLAN -- $62.25) provides a cloud-based connected planning platform. Earnings per share were up 37.50% year over year to ($0.05), which beat the estimate of ($0.10). Revenue of $114,875,000 higher by 28.48% year over year, which beat the estimate of $109,560,000.

Best Buy Co., Inc. (NYSE:BBY -- $122.04) retails technology products in the United States, Canada, and Mexico. Earnings per share rose 82.30% over the past year to $2.06, which beat the estimate of $1.70. Revenue of $11,853,000,000 higher by 21.39% from the same period last year, which beat the estimate of $11,000,000,000.

Burlington Stores, Inc. (NYSE:BURL -- $230.00) operates as a retailer of branded apparel products. Earnings per share decreased 81.29% year over year to $0.29, which beat the estimate of $0.16. Revenue of $1,667,000,000 declined by 6.45% year over year, which beat the estimate of $1,530,000,000.

Chico's FAS, Inc. (NYSE:CHS -- $1.77) operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. Earnings per share decreased 950.00% year over year to ($0.42), which missed the estimate of ($0.15). Revenue of $351,416,000 declined by 27.50% year over year, which missed the estimate of $374,970,000.

Dick's Sporting Goods, Inc. (NYSE:DKS -- $58.81) operates as a sporting goods retailer. Earnings per share rose 286.54% over the past year to $2.01, which beat the estimate of $1.01. Revenue of $2,412,000,000 up by 22.94% year over year, which beat the estimate of $2,230,000,000.

Dollar Tree, Inc. (NASDAQ:DLTR -- $97.61) operates discount variety retail stores. Earnings per share were up 28.70% year over year to $1.39, which beat the estimate of $1.15. Revenue of $6,177,000,000 up by 7.50% from the same period last year, which beat the estimate of $6,120,000,000.

Dycom Industries, Inc. (NYSE:DY -- $78.23) provides specialty contracting services. Earnings per share were up 20.45% year over year to $1.06, which beat the estimate of $1.05. Revenue of $810,256,000 declined by 8.35% from the same period last year, which missed the estimate of $817,690,000.

Hormel Foods Corporation (NYSE:HRL -- $50.03) produces and markets various meat and food products. Earnings per share fell 8.51% year over year to $0.43, which missed the estimate of $0.44. Revenue of $2,420,000,000 decreased by 3.28% year over year, which missed the estimate of $2,590,000,000.

The J.M. Smucker Company (NYSE:SJM -- $116.05) manufactures and markets food and beverage products worldwide. Earnings per share rose 5.75% year over year to $2.39, which beat the estimate of $2.23. Revenue of $2,034,000,000 up by 3.88% year over year, which beat the estimate of $2,010,000,000.

LexinFintech Holdings Ltd. (NASDAQ:LX -- $8.30) operates as an online consumer finance platform for young professionals in the People's Republic of China. Earnings per share were down 40.74% year over year to $0.32, which beat the estimate of $0.27. Revenue of $464,539,000 rose by 4.15% from the same period last year, which missed the estimate of $473,450,000.

Medtronic plc (NYSE:MDT -- $110.97) develops, manufactures, distributes, and sells device-based medical therapies. Earnings per share were down 22.14% over the past year to $1.02, which beat the estimate of $0.80. Revenue of $7,647,000,000 decreased by 0.77% from the same period last year, which beat the estimate of $7,100,000,000.

Tiffany & Co. (NYSE:TIF -- $131.48) designs, manufactures, and retails jewelry and other items. Earnings per share increased 70.77% year over year to $1.11, which beat the estimate of $0.66. Revenue of $1,008,000,000 decreased by 0.69% from the same period last year, which beat the estimate of $980,710,000.

Titan Machinery, Inc. (NASDAQ:TITN -- $18.98) owns and operates a network of full-service agricultural and construction equipment stores. Earnings per share increased 31.82% year over year to $0.58, which beat the estimate of $0.35. Revenue of $360,872,000 declined by 0.02% year over year, which beat the estimate of $329,340,000.

American Eagle Outfitters, Inc. (NYSE:AEO -- $18.18) operates as a specialty retailer that provides clothing, accessories, and personal care products. Earnings per share fell 27.08% year over year to $0.35, which beat the estimate of $0.34. Revenue of $1,032,000,000 decreased by 3.19% from the same period last year, which beat the estimate of $1,030,000,000.

Autodesk, Inc. (NASDAQ:ADSK -- $257.25) operates as a software design and services company worldwide. Earnings per share were up 33.33% year over year to $1.04, which beat the estimate of $0.96. Revenue of $952,400,000 rose by 13.02% year over year, which beat the estimate of $942,240,000.

Dell Technologies, Inc. (NYSE:DELL -- $69.38) designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions worldwide. Earnings per share were up 16.00% year over year to $2.03, which beat the estimate of $1.40. Revenue of $23,521,000,000 rose by 2.59% from the same period last year, which beat the estimate of $21,850,000,000.

The Gap, Inc. (NYSE:GPS -- $26.06) operates as an apparel retail company worldwide. Earnings per share were down 52.83% year over year to $0.25, which missed the estimate of $0.32. Revenue of $3,994,000,000 declined by 0.10% year over year, which beat the estimate of $3,820,000,000.

HP, Inc. (NYSE:HPQ -- $21.19) provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. Earnings per share were down 294.74% over the past year to ($0.74), which beat the estimate of ($0.80). Revenue of $208,267,000 decreased by 67.91% from the same period last year, which beat the estimate of $201,980,000.

Nordstrom, Inc. (NYSE:JWN -- $23.44) provides apparels, shoes, cosmetics, and accessories for women, men, young adults, and children. Earnings per share decreased 72.84% year over year to $0.22, which beat the estimate of ($0.06). Revenue of $3,089,000,000 decreased by 20.22% year over year, which missed the estimate of $3,100,000,000.

VMware, Inc. (NYSE:VMW -- $148.94) provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces. Earnings per share increased 11.41% over the past year to $1.66, which beat the estimate of $1.43. Revenue of $2,864,000,000 higher by 16.61% year over year, which beat the estimate of $2,810,000,000.

Looking ahead to tomorrow, the market will be closed for the day in observance of Thanksgiving, and closed for a half-day on Friday (open from 9:30 a.m. ET until 1:00 p.m. ET). There are no further earnings reports due out this week after the market opens today, and there will be no major economic data released during the half-day trading session on Friday.

Published on Nov 24, 2020 at 1:01 PM
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Published on Nov 23, 2020 at 3:54 PM
Updated on Nov 24, 2020 at 11:56 AM
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Published on Nov 24, 2020 at 11:31 AM
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So far, 1,080 puts have crossed the tape, which is four times the average intraday amount. Still, the 11/27 22.50 strike-call is the most popular, followed by the 21.50 strike-put in the same weekly series, with new positions currently being opened at the latter. 
Published on Nov 24, 2020 at 10:21 AM
  • Intraday Option Activity
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Today's options pits are singing a different tune, however. In just the first hour of trading, over 5,300 puts have crossed the tape -- 13 times the average intraday amount, with volume running in the 100th percentile of its annual range
Published on Nov 23, 2020 at 5:01 PM
Updated on Nov 24, 2020 at 10:16 AM
  • Earnings Preview
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Is Burlington Stores Stock a Buy Ahead of Earnings?

by Schaeffer's Digital Content Team

Department store retailer Burlington Stores, Inc. (NYSE: BURL) is the third largest off-price retailer in the U.S., following TJX Companies (TJX) and Ross Stores (ROST). Burlington is slated to report earnings tomorrow, and will be looking to bounce back into profitability after two unprofitable quarterly reports. Despite the major volatility BURL has seen this year, the stock is only 8.4% off of its record of $250.89.

With earnings slated to be released tomorrow, let's take a moment to review previous earnings reports. Burlington Stores has beat expectations on three of its four most recent quarterly earnings reports. In the fourth quarter of 2019, Burlington Stores beat expectations by $0.15. In the company's fiscal first quarter of 2020, the company beat expectations by a margin of $0.02. Burlington Stores missed expectations by a large margin of $3.21 in the fiscal second quarter. In its most recent quarter, Burlington Stores beat its earnings target by $0.48, with a loss -$0.56 instead of the expected dip of -$1.04. As for Burlington Stores' upcoming earnings report, the company is expected to report an increase its EPS up to $0.16.

Before 2020, Burlington Stores was growing revenue by approximately $600 million on an annual basis. Burlington Stores had more than doubled its net income since 2017 heading into 2020. All signs had pointed towards continued growth for many years. Unfortunately, Burlington Stores was faced with the coronavirus pandemic this year and experienced the whack down that most brick-and-mortar companies experienced during the shutdowns.

Amazingly, BURL has recovered despite the fact that the company is looking to end the year on an unprofitable note. Positive sentiment surrounding Burlington Stores recovering its revenue and net profit growth is what is driving BURL stock’s pricing at the moment. However, investors should note that Burlington Stores carries nearly $5 billion in debt when considering the investment. BURL also currently sports a high forward price-earnings ratio of 32.47

Overall, Burlington Stores is will likely resume its growth pattern and eventually start producing new highs following the coronavirus pandemic. The purchase of BURL stock undoubtedly comes with risk for investors, but also has significant potential upside over the next 4-5 years for investors with patience.

Published on Nov 24, 2020 at 10:00 AM
Updated on Nov 24, 2020 at 10:01 AM
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Published on Nov 24, 2020 at 9:15 AM
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The company also lifted its full-year forecast and posted a 4% rise in third-quarter organic sales, citing sector growth due to elevated at-home consumption.
Published on Nov 24, 2020 at 8:42 AM
  • Earnings Preview
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HP Inc. (NYSE:HPQ), formerly known as Hewlett-Packard Company, dates back to 1939 and is currently the second largest PC vendor in the world. HPQ is currently trading up just 2.5% year-to-date in 2020, but 69% from its 52-week low of $12.54. As the stock contends with that year-to-date breakeven level, it has support from its 100-day moving average, which caught a pullback last month.

HPQ currently sports a ranking of 16 out of 100 on the Schaeffer's Volatility Scorecard (SVS). Using Schaeffer's historical database, we conduct proprietary research on each underlying equity and determined which of those underlying equities’ options have historically had underpriced or overpriced options. We rank each equity’s options relative to the others in our database, with scores ranging from zero to 100. Low SVS readings like this one point to the stock having consistently realized lower volatility than their options have priced in -- pointing to possible premium-selling candidates. 

Today --after the close -- is HP's day in the earnings confessional. HP is looking to continue its impressive earnings-beat streak when it reports today. Earnings reports on HPQ have beat expectations on all four of its most recent quarterly reports.  In the fourth quarter of 2019, HP beat expectations by $0.02. In the first quarter of 2020, the company beat expectations by a margin of $0.11. HP still managed to beat expectations by $0.07 in the second quarter 2020. In HP's most recent quarterly report, HP beat its earnings target by 14%.  As for tonight's earnings report, HP is expected to increase in EPS to $0.52.

HPQ has a forward dividend of $0.70 and a dividend yield of 3.45%. The company last paid a dividend of $0.1762 for Q4 2020. HP has paid dividends regularly since 1989.

HP stock is, frankly, a mixed bag for value investors. The company has performed fairly well in terms of its revenue over the past few years, but HP has not been able to produce consistent growth in profits. Nonetheless, the coronavirus pandemic has lightly impacted the company’s massive revenue, which leaves room for the company to see some decent growth from a recovery. 

Furthermore, HPQ sports a price-earnings ratio of 12.00 and a forward price-earnings ratio of 8.69. If the company is able to recover its net income to previously recorded levels, HP will be looking at an extremely attractive valuation from a fundamental perspective. HP’s biggest downfall and risk factor for investors lies in its balance sheet. The company’s liabilities are slightly more than its current assets. HP also carries $7.42 billion in debt and only $4.68 billion in cash.

Overall the company’s strong ongoing revenue and future net profit potential should outweigh its poor balance sheet, from a fundamental perspective. As HP recovers and begins to see more demand for the 3D printer side of its business, HP stock has the potential to reach new highs within the next few years.

Published on Nov 23, 2020 at 8:32 AM
Updated on Nov 24, 2020 at 6:59 AM
  • Earnings Preview
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Analyzing Five Below Stock Price Ahead of Earnings

by Schaeffer's Digital Content Team

Discount store chain Five Below, Inc. (NASDAQ:FIVE) sells an array of products ranging from tech to candy, all at a price of -- you guessed it -- typically under $5. Five Below has performed fairly well over the past few years, growing their revenue and net profit at a solid rate, and is looking to end the year of 2020 with a decent amount of profit despite the ongoing pandemic. 

Five Below will be looking to justify its amazing stock growth over the past year. FIVE is up 21.4% in 2020, and has more than tripled off its March 19 three-year bottom of $47.53. On Nov. 9 the shares scored a record high of $159.59, and while FIVE has pulled back some since then, the round $150 level could step up as newfound support.

The company is set to report earnings after the close on Dec. 2. The company has beat expectations on three of its four most recent earnings announcements. In the fourth quarter of 2019, Five Below beat expectations by $0.01. In the first quarter of this year, Five Below increased its EPS massively to $1.97 and beat expectations by a margin of $0.02. The company’s great earnings in the first quarter was followed by a huge loss in EPS in the following quarter. In the second quarter of 2020, Five Below reported a loss of -0.91, missing expectations by a sizable $0.58. Yet in its most recent quarterly report, the company beat their target by an amazing margin of 279%! Five Below reported an EPS of $0.53 instead of the expected EPS of $0.14. For its upcoming earnings due out on December 2, Five Below is expected to report an EPS of $0.19.

The problem here for investors with Five Below is its ironically high valuation. For a price-earnings ratio of 87.34, investors can get can purchase shares of a tech company with significantly more growth potential than FIVE stock. In fact, at FIVE's current price, the company would have to consistently report $2.00 EPS for it to even reach a price-earnings ratio under 20. In addition, Five Below has a significant debt load of $1.04 billion and only $202 million in cash to back up its weak balance sheet. Overall, FIVE has a way to go before it presents as a major growth opportunity for investors at its current price, especially when considering the stock is already priced-in for a full recovery and future earnings growth.

Published on Nov 24, 2020 at 6:57 AM
Updated on Nov 24, 2020 at 6:57 AM
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Today's Stock Market News & Events: 11/24/2020

by Schaeffer's Digital Content Team
Stocks kicked off the Thanksgiving-shortened week higher on Monday, mostly thanks to more coronavirus vaccine news, this time from AstraZeneca (AZN), who announced their vaccine was up to 90% effective yesterday. AstraZeneca is now the third company to reveal efficacy data, bolstering investor sentiment regarding a more steady economic recovery, and leading to jumps in travel stocks.  The Dow Jones Industrial Average (DJI - 29,591.27) tacked on 327.8 points on Monday, while the S&P 500 Index (SPX - 3,577.59) rose 20.1 points for the day. The Nasdaq Composite (IXIC - 11,880.63) gained 25.7 points on Monday. The Cboe Volatility Index (VIX - 22.66) fell 1 point during yesterday's trading session.


Today, investors w
ill unpack the Case-Shiller national home price index, as well as the consumer confidence index. We will also see a good amount of retail companies reporting earnings including Abercrombie and Fitch (ANF), Best Buy (BBY), Dick's Sporting Goods (DKS), American Eagle (AEO), Burlington Stores (BURL), Tiffany & Co (TIF), Gap (GAP), and Nordstrom (JWN).

For your convenience, we have rounded up the schedule of companies slated to release earnings today, November 24:

Abercrombie & Fitch, Co. (NYSE:ANF -- $22.69) operates as a specialty retailer. Abercrombie & Fitch will report its third-quarter earnings before the bell today.

American Woodmark, Co. (NASDAQ:AMWD -- $104.70) manufactures and distributes kitchen cabinets and vanities. American Woodmark will report its second-quarter earnings of 2021 before the bell today.

Analog Devices, Inc. (NASDAQ:ADI -- $137.07) designs, manufactures, and markets integrated circuits (ICs), algorithms, software, and subsystems. Analog Devices will report its fourth-quarter earnings before the bell today.

Anaplan, Inc. (NYSE:PLAN -- $62.25) provides a cloud-based connected planning platform. Anaplan will report its third-quarter earnings before the bell today.

Best Buy Co., Inc. (NYSE:BBY -- $122.04) retails technology products in the United States, Canada, and Mexico. Best Buy will report its third-quarter earnings before the bell today.

Burlington Stores, Inc. (NYSE:BURL -- $230.00) operates as a retailer of branded apparel products. Burlington Stores will report its third-quarter earnings before the bell today.

Chico's FAS, Inc. (NYSE:CHS -- $1.77) operates as an omnichannel specialty retailer of women's private branded casual-to-dressy clothing, intimates, and complementary accessories. Chico's FAS will report its third-quarter earnings before the bell today.

Dick's Sporting Goods, Inc. (NYSE:DKS -- $58.81) operates as a sporting goods retailer. Dick's Sporting Goods will report its third-quarter earnings before the bell today.

Dollar Tree, Inc. (NASDAQ:DLTR -- $97.61) operates discount variety retail stores. Dollar Tree will report its third-quarter earnings before the bell today.

Dycom Industries, Inc. (NYSE:DY -- $78.23) provides specialty contracting services. Dycom will report its third-quarter earnings before the bell today.

Eaton Vance Corp. (NYSE:EV -- $67.07) retails technology products in the United States, Canada, and Mexico. Eaton Vance will report its fourth-quarter earnings before the bell today.

Hormel Foods Corporation (NYSE:HRL -- $50.03) produces and markets various meat and food products. Hormel Foods will report its fourth-quarter earnings before the bell today.

The J.M. Smucker Company (NYSE:SJM -- $116.05) manufactures and markets food and beverage products worldwide. J.M. Smucker will report its second-quarter earnings of 2021 before the bell today.

LexinFintech Holdings Ltd. (NASDAQ:LX -- $8.30) operates as an online consumer finance platform for young professionals in the People's Republic of China. LexinFintech will report its third-quarter earnings before the bell today.

Medtronic plc (NYSE:MDT -- $110.97) develops, manufactures, distributes, and sells device-based medical therapies. Medtronic will report its second-quarter earnings of 2021 before the bell today.

Tiffany & Co. (NYSE:TIF -- $131.48) designs, manufactures, and retails jewelry and other items. Tiffany & Co will report its third-quarter earnings before the bell today.

Titan Machinery, Inc. (NASDAQ:TITN -- $18.98) owns and operates a network of full-service agricultural and construction equipment stores. Titan Machinery will report its third-quarter earnings before the bell today.

American Eagle Outfitters, Inc. (NYSE:AEO -- $18.18) operates as a specialty retailer that provides clothing, accessories, and personal care products. American Eagle will report its third-quarter earnings after the market closes today.

Autodesk, Inc. (NASDAQ:ADSK -- $257.25) operates as a software design and services company worldwide. Autodesk will report its third-quarter earnings after the market closes today.

Dell Technologies, Inc. (NYSE:DELL -- $69.38) designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions worldwide. Dell will report its third-quarter earnings after the market closes today.

The Gap, Inc. (NYSE:GPS -- $26.06) operates as an apparel retail company worldwide. Gap will report its third-quarter earnings after the market closes today.

HP, Inc. (NYSE:HPQ -- $21.19) provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. HP will report its fourth-quarter earnings after the market closes today.

Nordstrom, Inc. (NYSE:JWN -- $23.44) provides apparels, shoes, cosmetics, and accessories for women, men, young adults, and children. Nordstrom will report its third-quarter earnings after the market closes today.

Pure Storage, Inc. (NYSE:PSTG -- $19.69) provides technology and data storage solutions. Pure Storage will report its third-quarter earnings after the market closes today.

VMware, Inc. (NYSE:VMW -- $148.94) provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces. VMware will report its third-quarter earnings after the market closes today.

And here’s a recap of how yesterday’s earning calls played out asvcompared to expectations:

Baozun, Inc. (NASDAQ:BZUN -- $41.92)
provides e-commerce solutions to brand partners in the People's Republic of China. Earnings per share rose 57.14% year over year to $0.22, which beat the estimate of $0.20. Revenue of $269,406,000 higher by 28.11% from the same period last year, which missed the estimate of $271,880,000.

Korn Ferry (NYSE:KFY -- $38.25) provides organizational consulting services worldwide. Earnings per share fell 33.33% over the past year to $0.54, which beat the estimate of $0.05. Revenue of $437,789,000 decreased by 11.09% from the same period last year, which beat the estimate of $376,140,000.

Twist Bioscience Corporation (NASDAQ:TWST -- $115.56) develops proprietary semiconductor-based synthetic DNA manufacturing process. Earnings per share increased 43.75% year over year to ($0.54), which beat the estimate of ($0.70). Revenue of $32,432,000 rose by 106.10% year over year, which beat the estimate of $22,670,000.

Agilent Technologies, Inc. (NYSE:A -- $110.89) provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. Earnings per share rose 10.11% over the past year to $0.98, which beat the estimate of $0.93. Revenue of $1,483,000,000 higher by 8.49% from the same period last year, which beat the estimate of $1,400,000,000.

Ambarella, Inc. (NASDAQ:AMBA -- $66.46) develops semiconductor processing solutions for video. Earnings per share fell 71.88% over the past year to $0.09, which beat the estimate of $0.05. Revenue of $56,090,000 declined by 17.42% year over year, which beat the estimate of $55,040,000.

Cabot Corporation (NYSE:CBT -- $41.83) operates as a specialty chemicals and performance materials company. Earnings per share fell 35.24% year over year to $0.68, which beat the estimate of $0.55. Revenue of $659,000,000 declined by 20.31% year over year, which missed the estimate of $675,000,000.

Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA -- $43.57) researches and develops small molecule drugs for the treatment of viral infections and liver diseases. Earnings per share decreased 431.82% over the past year to ($1.46), which missed the estimate of ($0.95). Revenue of $23,631,000 declined by 53.95% from the same period last year, which missed the estimate of $25,740,000.

Nutanix, Inc. (NASDAQ:NTNX -- $28.47) develops and provides an enterprise cloud platform. Earnings per share were up 38.03% over the past year to ($0.44), which beat the estimate of ($0.57). Revenue of $312,754,000 decreased by 0.64% year over year, which beat the estimate of $299,240,000.

Urban Outfitters, Inc. (NASDAQ:URBN -- $30.32) engages in the retail and wholesale of general consumer products. Earnings per share rose 39.29% over the past year to $0.78, which beat the estimate of $0.44. Revenue of $969,607,000 declined by 1.81% year over year, which beat the estimate of $924,230,000.

Looking ahead to tomorrow, it's an absolutely jam-packed day for investors. Initial and continuing jobless claims data is slated to be released. Meanwhile, durable goods and core capital goods orders data are on tap, as well, while new home sales will be reported later on. Rounding out the day, personal income, consumer spending, core inflation, and the consumer sentiment index data are all due out.

Remember, the market will be closed on Thursday in observance of Thanksgiving, and closed for a half-day on Friday (open from 9:30 a.m. ET until 1:00 p.m. ET).

Published on Oct 20, 2020 at 1:38 PM
Updated on Nov 23, 2020 at 3:18 PM
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