Today's Stock Market News & Events: 3/17/2021

Today's market-moving economic data and earnings schedule

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Today the latest interest rate decision from the Federal Reserve will be the highlight of the day, with Federal Reserve Chair Jerome Powell set to give a press conference at  2:30 p.m. ET. Housing starts, building permits, and crude oil inventories are also on the docket. 

The following companies are slated to release quarterly earnings reports today, March 17:

Cintas Corp. (NASDAQ:CTAS -- $347.95) provides corporate identity uniforms and related business services. Cintas will report its Q4 earnings of 2020 before the bell today.

Kingsoft Cloud Holdings Ltd. (NASDAQ:KC -- $50.42) provides cloud services to businesses and organizations in China. Kingsoft Cloud will report its Q4 earnings of 2020 before the bell today.

Pinduoduo Inc. (NASDAQ:PDD -- $160.89) operates an e-commerce platform in the People's Republic of China. Pinduoduo will report its Q4 earnings of 2020 before the bell today.

American Outdoor Brands Inc. (NASDAQ:AOUT -- $22.54) provides outdoor products and accessories for rugged outdoor enthusiasts. American Outdoor Brands will report its Q3 earnings of 2021 after the market closes today.

Five Below Inc. (NASDAQ:FIVE -- $193.46) operates as a specialty value retailer in the United States. Five Below will report its Q4 earnings of 2020 after the market closes today.

Herman Miller Inc. (NASDAQ:MLHR -- $41.58) engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services. Herman Miller will report its Q3 earnings of 2021 after the market closes today.

PagerDuty Inc. (NYSE:PD -- $40.97) operates a platform for real-time operations. PagerDuty will report its Q4 earnings of 2020 after the market closes today.

Semtech Corp. (NASDAQ:SMTC -- $72.27) designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. Semtech will report its Q4 earnings of 2020 after the market closes today.

Williams-Sonoma Inc. (NYSE:WSM -- $138.50) operates as an omni-channel specialty retailer of various products for home. Williams-Sonoma will report its Q4 earnings of 2020 after the market closes today.

ZTO Express (Cayman) Inc. (NYSE:ZTO -- $32.83) provides express delivery and other value-added logistics services in the People's Republic of China. ZTO Express will report its Q4 earnings of 2020 after the market closes today.

Here is a quick recap of how Tuesday's earnings reports played out compared to Wall Street's expectations:

Designer Brands Inc. (NYSE:DBI -- $15.90) designs, manufactures, and retails footwear and accessories for women, men, and kids. Earnings per share were down 960.00% year over year to ($0.53), which beat the estimate of ($0.68). Revenue of $609,352,000 declined by 26.55% from the same period last year, which missed the estimate of $623,770,000.

Jabil Inc. (NYSE:JBL -- $48.84) provides manufacturing services and solutions. Earnings per share increased 154.00% year over year to $1.27, which beat the estimate of $0.95. Revenue of $6,829,000,000 up by 11.49% year over year, which beat the estimate of $6,570,000,000.

Caleres Inc. (NYSE:CAL -- $18.98) engages in the retail and wholesale of footwear. Earnings per share decreased 91.18% over the past year to $0.03, which beat the estimate of ($0.10). Revenue of $570,959,000 decreased by 18.31% year over year, which beat the estimate of $555,500,000.

Coupa Software Inc. (NASDAQ:COUP -- $281.76) provides cloud-based business spend management platform. Earnings per share decreased 19.05% year over year to $0.17, which beat the estimate of ($0.11). Revenue of $163,544,000 higher by 46.74% year over year, which beat the estimate of $145,660,000.

Lennar Corp. (NYSE:LEN -- $90.05) operates as a homebuilder primarily under the Lennar brand. Earnings per share were up 60.63% over the past year to $2.04, which beat the estimate of $1.71. Revenue of $5,325,000,000 higher by 18.20% from the same period last year, which beat the estimate of $5,130,000,000.

Smartsheet Inc. (NYSE:SMAR -- $67.79) provides cloud-based platform for execution of work. Earnings per share rose 69.23% over the past year to ($0.04), which beat the estimate of ($0.13). Revenue of $109,871,000 rose by 39.93% from the same period last year, which beat the estimate of $102,720,000.

Looking ahead to tomorrow, the Philadelphia Fed Manufacturing Index, and initial and continuing jobless claims are due out. All economic dates listed here are tentative and subject to change.

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