After breaking records at the start of the day yesterday, stocks took a breather to ultimately finish the day in the red. Tech giants like Apple (AAPL) and Microsoft (MSFT) struggled, and stimulus talks within the Senate seem less and less likely to reach a conclusion this week. Additionally, investors remain concerned about the rising number of COVID-19 infections across the United States. Cases have increased by 1 million in just the past 4 days to reach a record of 15 million total.
The Dow Jones Industrial Average (DJI - 30,068.81) fell 105.07 points on Wednesday. The S&P 500 Index (SPX - 3,672.82) dropped 29.4 points and the Nasdaq Composite (IXIC - 12,338.95) was down 243.8 points yesterday. The Cboe Volatility Index (VIX - 22.27) added 7.7% during yesterday's trading session.
Today is packed to the brim for investors, with weekly jobless claims on tap. In addition, a federal budget update and Consumer Price Index (CPI) data are slated to be reported. We also have a slew of interesting names reporting earnings today including National Beverage (FIZZ), Costco (COST), Lululemon Athletica (LULU), and Oracle (ORCL).
For your convenience, we have rounded up the companies slated to release earnings today, December 10:
Adobe, Inc. (NASDAQ:ADBE -- $483.74) operates as a diversified software company worldwide. Adobe will report its fourth-quarter earnings before the bell today.
Ciena Corporation (NYSE:CIEN -- $47.18) provides network hardware, software, and services that support the transport, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. Ciena will report its fourth-quarter earnings before the bell today.
Broadcom, Inc. (NASDAQ:AVGO -- $416.22) designs, develops, and supplies a range of semiconductor devices. Broadcom will report its fourth-quarter earnings after the market closes today.
Costco Wholesale Corporation (NASDAQ:COST -- $374.29) engages in the operation of membership warehouses. Costco will report its first-quarter earnings of 2021 after the market closes today.
Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY -- $25.63) owns and operates entertainment and dinng venues for adults and families. Dave & Buster's will report its third-quarter earnings after the market closes today.
Lululemon Athletica, Inc. (NASDAQ:LULU -- $363.56) designs, distributes, and retails athletic apparel and accessories. Lululemon Athletica will report its third-quarter earnings after the market closes today.
Oracle Corporation (NYSE:ORCL -- $59.73) provides products and services that address enterprise information technology environments. Oracle will report its second-quarter earnings of 2021 after the market closes today.
Quanex Building Products Corporation (NYSE:NX -- $21.98) provides components for the fenestration industry worldwide. Quanex will report its fourth-quarter earnings after the market closes today.
Vail Resorts, Inc. (NYSE:MTN -- $286.25) operates mountain resorts and urban ski areas in the United States. Vail Resorts will report its first-quarter earnings of 2021 after the market closes today.
Here is a quick recap of how Wednesday's earning calls played out:
Campbell Soup Company (NYSE:CPB -- $48.26) engages in the manufacture and market food and beverage products. Earnings per share rose 30.77% over the past year to $1.02, which beat the estimate of $0.91. Revenue of $2,340,000,000 higher by 7.19% from the same period last year, which beat the estimate of $2,320,000,000.
Designer Brands, Inc. (NYSE:DBI -- $8.61) designs, manufactures, and retails footwear and accessories. Earnings per share decreased 138.81% year over year to ($0.26), which beat the estimate of ($0.48). Revenue of $652,870,000 decreased by 30.27% year over year, which beat the estimate of $650,630,000.
The Lovesac Company (NASDAQ:LOVE -- $33.81) designs, manufactures, and sells foam filled furniture, sectional couches, and related accessories. Earnings per share rose 134.78% over the past year to $0.16, which may not compared to the estimate of ($0.88). Revenue of $74,742,000 rose by 43.47% from the same period last year, which beat the estimate of $66,140,000.
Photronics, Inc. (NASDAQ:PLAB -- $13.21) manufactures and sells photomasks. Earnings per share decreased 33.33% year over year to $0.10, which missed the estimate of $0.15. Revenue of $149,286,000 decreased by 4.46% from the same period last year, which missed the estimate of $153,870,000.
United Natural Foods, Inc. (NYSE:UNFI -- $18.80) distributes natural, organic, specialty, produce, and conventional grocery and non-food products. Earnings per share increased 325.00% year over year to $0.51, which missed the estimate of $0.74. Revenue of $6,673,000,000 up by 10.85% year over year, which missed the estimate of $6,810,000,000.
Vera Bradley, Inc. (NASDAQ:VRA -- $8.40) designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. Earnings per share were up 50.00% year over year to $0.30, which beat the estimate of $0.24. Revenue of $124,849,000 declined by 2.08% from the same period last year, which missed the estimate of $129,980,000.
Comtech Telecommunications Corporation (NASDAQ:CMTL -- $19.84) designs, develops, produces, and markets products, systems, and services for communications solutions. Earnings per share were down 53.12% year over year to $0.15, which beat the estimate of ($1.78). Revenue of $135,218,000 declined by 20.58% from the same period last year, which beat the estimate of $124,910,000.
Greif, Inc. (NYSE:GEF -- $50.84) produces and sells industrial packaging products and services worldwide. Earnings per share were down 37.10% year over year to $0.78, which beat the estimate of $0.72. Revenue of $1,161,000,000 declined by 5.76% from the same period last year, which missed the estimate of $1,170,000,000.
Oxford Industries, Inc. (NYSE:OXM -- $61.62) designs, sources, markets, and distributes products of company owned and licensed brands, and private label apparel products. Earnings per share decreased 540.00% over the past year to ($0.44), which beat the estimate of ($1.10). Revenue of $175,135,000 declined by 27.40% year over year, which beat the estimate of $164,420,000.
Looking ahead to tomorrow, earnings reports will be almost non-existent, but investors will have producer price index (PPI) and consumer sentiment data to unpack to close out the trading week. All economic dates listed here are tentative and subject to change.