Today's Stock Market News & Events: 6/2/2021

Today's market-moving economic data and earnings schedule

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Today the Federal Reserve's latest Beige Book report is due out as is data concerning motor vehicle sales. 

The following public companies are slated to release quarterly earnings reports today, June 2:

Advance Auto Parts Inc. (NYSE:AAP -- $194.65) provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. Advance Auto Parts will report its Q1 earnings of 2021 before the bell today.

Donaldson Co. Inc. (NYSE:DCI -- $62.43) manufactures and sells filtration systems and replacement parts worldwide. It operates through two segments, Engine Products and Industrial Products. Donaldson will report its Q3 earnings of 2021 before the bell today.

C3.ai Inc. (NYSE:AI -- $71.76) operates as an enterprise artificial intelligence (AI) software company. C3.ai will report its Q4 earnings of 2021 after the market closes today.

The Descartes Systems Group Inc. (NASDAQ:DSGX -- $58.15) provides cloud-based logistics and supply chain management business process solutions. Descartes will report its Q1 earnings of 2022 after the market closes today.

Guidewire Software Inc. (NYSE:GWRE -- $97.40) provides software products for property and casualty insurers. Guidewire Software will report its Q3 earnings of 2021 after the market closes today.

nCino Inc. (NASDAQ:NCNO -- $61.60) provides cloud-based software applications for financial institutions. nCino will report its Q1 earnings of 2022 after the market closes today.

NetApp Inc. (NASDAQ:NTAP -- $76.71) provides software, systems, and services to manage and share data on-premises, and private and public clouds. NetApp will report its Q4 earnings of 2021 after the market closes today.

PagSeguro Digital Inc. (NYSE:PAGS -- $48.66) provides financial technology solutions and services. PagSeguro Digital will report its Q1 earnings of 2021 after the market closes today.

PVH Corp. (NYSE:PVH -- $114.11) operates as an apparel company. PVH will report its Q1 earnings of 2021 after the market closes today.

Semtech Corp. (NASDAQ:SMTC -- $62.95) designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. Semtech will report its Q1 earnings of 2021 after the market closes today.

Smartsheet Inc. (NYSE:SMAR -- $58.89) provides cloud-based platform for execution of work. Smartsheet will report its Q1 earnings of 2022 after the market closes today.

SpartanNash Co. (NASDAQ:SPTN -- $20.52) distributes and retails grocery products. SpartanNash will report its Q1 earnings of 2021 after the market closes today.

Splunk Inc. (NASDAQ:SPLK -- $120.28) provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems. Splunk will report its Q1 earnings of 2021 after the market closes today.

Sportsman's Warehouse Holdings Inc. (NASDAQ:SPWH -- $17.90) provides various banking products and services. Sportsman's Warehouse will report its Q1 earnings of 2021 after the market closes today.

The following companies reported quarterly earnings yesterday, June 1:

Bank of Nova Scotia (NYSE:BNS -- $67.30) provides various banking products and services. Bank of Nova Scotia reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.58. The firm earned $7.74 billion during the quarter, compared to the consensus estimate of $7.86 billion.

Canopy Growth Corp. (NASDAQ:CGC -- $26.09) engages in the production, distribution, and sale of cannabis for recreational and medical purposes. Canopy Growth reported ($1.85) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by $1.67. The company earned $167.40 million during the quarter, compared to the consensus estimate of $149.97 million.

Ambarella Inc. (NASDAQ:AMBA -- $100.38) develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing. Ambarella reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. The business had revenue of $62.10 million for the quarter, compared to analyst estimates of $57.67 million.

Digital Turbine Inc. (NASDAQ:APPS -- $100.38) provides media and mobile communication products and solutions for mobile operators, application advertisers, device original equipment manufacturers, and other third parties. Digital Turbine reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. The business had revenue of $95.08 million for the quarter, compared to analyst estimates of $95.10 million.

Hewlett Packard Enterprise Co. (NYSE:HPE -- $15.96) provides solutions that allow customers to capture, analyze, and act upon data seamlessly. Hewlett Packard Enterprise reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. The company earned $6.70 billion during the quarter, compared to analysts' expectations of $6.61 billion.

Medallia Inc. (NYSE:MDLA -- $25.67) provides an enterprise Software-as-a-Service platform. Medallia reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by $0.01. The firm had revenue of $131.40 million for the quarter, compared to analyst estimates of $127.29 million.

StoneCo Ltd. (NASDAQ:STNE -- $65.97) provides financial technology solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. StoneCo reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.44. The business had revenue of $867.70 million for the quarter, compared to analysts' expectations of $985 million.

Zoom Video Communications Inc. (NASDAQ:ZM -- $331.53) provides a video-first communications platform. Zoom Video reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.70. The firm had revenue of $956.24 million for the quarter, compared to analysts' expectations of $908.17 million.

Looking ahead to tomorrow, Thursday will be absolutely packed, complete with initial and continuing jobless claims data, the ADP employment report, and a productivity revision. In addition, the ISM services index, the final Markit services PMI, and a revision to unit labor costs will be reported.

All economic dates listed here are tentative and subject to change.

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