Market Update
U.S. Movers: Hewlett Packard Enterprise, SoFi Technologies, Ulta Beauty
Scott Peters
05 Dec, 2025
New York City
Ulta Beauty soared 5.6% to $564.03 after the beauty salon operator and cosmetic retailer reported better-than-expected fiscal third-quarter results.
Revenue increased 12.9% to $2.9 billion from $2.5 billion, net income decreased to $230.8 million from $242.2 million, and diluted earnings per share was steady at $5.14.
Comparable sales, which include online sales, increased 6.3% compared to 0.6% from a year ago, driven by a 3.8% rise in average ticket price and a 2.4% increase in transactions.
During the fiscal third quarter ending on November 1, the beauty retailer repurchased 426,914 shares of its common stock at a cost of $224.7 million.
During the first nine months of fiscal 2025, the company repurchased 1.7 million shares of its common stock at a cost of $693.0 million, and as of November 1, $2.0 billion remained available under the $3.0 billion share repurchase program announced in October 2024.
The company revised its fiscal 2025 sales guidance to $12.3 billion from the previously estimated range between $12.0 billion and $12.1 billion. The comparable sales estimate was revised higher to between 4.4% and 4.7% from the previous estimated range of 2.5% to 3.5%.
Ulta Beauty revised the higher diluted earnings per share range in fiscal 2025 to between $25.20 and $25.50, from the previous estimate of between $23.85 and $24.30.
SoFi Technologies dropped 7% to $27.4, and the company announced its plans to raise $1.5 billion through a common stock offering.
Hewlett Packard Enterprise plunged 9.4% to $20.75 after the cloud computing company's fiscal fourth-quarter results fell short of market expectations.
Revenue increased 14% to $9.7 billion from $7.8 billion, net income dropped to $146 million from $1.3 billion, and diluted earnings per share fell to 11 cents from 99 cents a year ago.
The HPE Board of Directors declared a regular cash dividend of $0.1425 per share, payable on January 16, 2026, to stockholders of record as of the close of December 19, 2025.
HPE estimated fiscal 2026 first quarter revenue to be in the range of $9 billion to $9.4 billion, diluted earnings per share to be in the range of $0.09 to $0.13, and adjusted diluted earnings per share to be in the range of $0.57 to $0.61.
U.S. Movers: Hewlett Packard Enterprise, SoFi Technologies, Ulta Beauty
Scott Peters
05 Dec, 2025
New York City
Ulta Beauty soared 5.6% to $564.03 after the beauty salon operator and cosmetic retailer reported better-than-expected fiscal third-quarter results.
Revenue increased 12.9% to $2.9 billion from $2.5 billion, net income decreased to $230.8 million from $242.2 million, and diluted earnings per share was steady at $5.14.
Comparable sales, which include online sales, increased 6.3% compared to 0.6% from a year ago, driven by a 3.8% rise in average ticket price and a 2.4% increase in transactions.
During the fiscal third quarter ending on November 1, the beauty retailer repurchased 426,914 shares of its common stock at a cost of $224.7 million.
During the first nine months of fiscal 2025, the company repurchased 1.7 million shares of its common stock at a cost of $693.0 million, and as of November 1, $2.0 billion remained available under the $3.0 billion share repurchase program announced in October 2024.
The company revised its fiscal 2025 sales guidance to $12.3 billion from the previously estimated range between $12.0 billion and $12.1 billion. The comparable sales estimate was revised higher to between 4.4% and 4.7% from the previous estimated range of 2.5% to 3.5%.
Ulta Beauty revised the higher diluted earnings per share range in fiscal 2025 to between $25.20 and $25.50, from the previous estimate of between $23.85 and $24.30.
SoFi Technologies dropped 7% to $27.4, and the company announced its plans to raise $1.5 billion through a common stock offering.
Hewlett Packard Enterprise plunged 9.4% to $20.75 after the cloud computing company's fiscal fourth-quarter results fell short of market expectations.
Revenue increased 14% to $9.7 billion from $7.8 billion, net income dropped to $146 million from $1.3 billion, and diluted earnings per share fell to 11 cents from 99 cents a year ago.
The HPE Board of Directors declared a regular cash dividend of $0.1425 per share, payable on January 16, 2026, to stockholders of record as of the close of December 19, 2025.
HPE estimated fiscal 2026 first quarter revenue to be in the range of $9 billion to $9.4 billion, diluted earnings per share to be in the range of $0.09 to $0.13, and adjusted diluted earnings per share to be in the range of $0.57 to $0.61.
Wall Street Stocks Meandered Amid Mixed Economic Data and Macroeconomic Uncertainty
Barry Adams
05 Dec, 2025
New York City
Stocks on Wall Street flatlined on the final session of the week, and investors awaited the release of inflation data that could influence the Fed's rate decisions next week.
The S&P 500 index decreased 0.1%, and the tech-heavy Nasdaq Composite declined 0.2% ahead of the release of consumer income and spending data.
Investors held out for a rate cut next Wednesday, and recent mixed economic data stoked speculation that policymakers may overlook the lagging impact of a surge in goods tariffs on inflation.
Seasonally adjusted jobless claims in the week ending November 29 were 191,000, a decrease of 27,000 from the previous week's revised figures.
The continuing claims, which lag by one week, were 1.94 million, a decrease of 4,000 from the previous week's revised level, the U.S. Department of Labor reported on Thursday.
Jobless claims have been relatively stable over the last several weeks; however, employers have been reluctant to add new staff amid macroeconomic uncertainty and the chaotic trade policy of the Trump administration.
The PCE Price Index and its core rate were 2.8%, the U.S. Commerce Department reported in a much-delayed September's personal income and spending report.
U.S. Movers
Ulta Beauty soared 5.6% to $564.03 after the beauty salon operator and cosmetic retailer reported better-than-expected fiscal third-quarter results.
SoFi Technologies dropped 7% to $27.4, and the company announced its plans to raise $1.5 billion through a common stock offering.
Hewlett Packard Enterprise plunged 9.4% to $20.75 after the cloud computing company's fiscal fourth quarter results fell short of market expectations.
Wall Street Stocks Meandered Amid Mixed Economic Data and Macroeconomic Uncertainty
Barry Adams
05 Dec, 2025
New York City
Stocks on Wall Street flatlined on the final session of the week, and investors awaited the release of inflation data that could influence the Fed's rate decisions next week.
The S&P 500 index decreased 0.1%, and the tech-heavy Nasdaq Composite declined 0.2% ahead of the release of consumer income and spending data.
Investors held out for a rate cut next Wednesday, and recent mixed economic data stoked speculation that policymakers may overlook the lagging impact of a surge in goods tariffs on inflation.
Seasonally adjusted jobless claims in the week ending November 29 were 191,000, a decrease of 27,000 from the previous week's revised figures.
The continuing claims, which lag by one week, were 1.94 million, a decrease of 4,000 from the previous week's revised level, the U.S. Department of Labor reported on Thursday.
Jobless claims have been relatively stable over the last several weeks; however, employers have been reluctant to add new staff amid macroeconomic uncertainty and the chaotic trade policy of the Trump administration.
The PCE Price Index and its core rate are likely to show little change around 2.8%, and the U.S. Commerce Department is set to release its much-delayed September's personal income and spending report later today.
U.S. Movers
Ulta Beauty soared 5.6% to $564.03 after the beauty salon operator and cosmetic retailer reported better-than-expected fiscal third-quarter results.
SoFi Technologies dropped 7% to $27.4, and the company announced its plans to raise $1.5 billion through a common stock offering.
Hewlett Packard Enterprise plunged 9.4% to $20.75 after the cloud computing company's fiscal fourth quarter results fell short of market expectations.
Japan's Household Spending Declined First Time In Six Months In October
Akira Ito
05 Dec, 2025
Tokyo
Japan's benchmark indexes turned sharply lower on Friday, and investors turned cautious ahead of rate decisions from major central banks.
The Nikkei 225 Stock Average declined 1.1%, and the broader Topix declined 1% as Japan's household spending declined in October.
Spending fell 3% from a year ago after rising 1.8% in the previous month and fell for the first time since April and dropped at the fastest pace since January 2024.
Spending increased to 306,872 yen, as food spending, which accounts for 30% of total outlay, decreased 1.1%, the Ministry of Internal Affairs and Communications reported Friday.
Spending on housing decreased 9.1%, transportation and communication dropped 9.2%, but healthcare and medical services increased 3.6% from a year ago.
Japan's household spending data are keenly watched by economists, as consumer spending accounts for more than half of Japan's gross domestic product.
Household income for two or more salaried people edged down 0.1% after adjusting for inflation to 599,845 yen.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 1.1% to 50,434.99, and the broader Topix declined 1% to 3,361.44.
Trading in technology stocks dominated on the Tokyo Stock Exchange, as investors avoided AI-linked semiconductor equipment makers.
Advantest Corp. decreased 2% to ¥20,200.0, Tokyo Electron fell 2% to ¥33,140.0, and Softbank Corp. fell 1.7% to ¥215.20.
Japan's Household Spending Declined First Time In Six Months In October
Akira Ito
05 Dec, 2025
Tokyo
Japan's benchmark indexes turned sharply lower on Friday, and investors turned cautious ahead of rate decisions from major central banks.
The Nikkei 225 Stock Average declined 1.1%, and the broader Topix declined 1% as Japan's household spending declined in October.
Spending fell 3% from a year ago after rising 1.8% in the previous month and fell for the first time since April and dropped at the fastest pace since January 2024.
Spending increased to 306,872 yen, as food spending, which accounts for 30% of total outlay, decreased 1.1%, the Ministry of Internal Affairs and Communications reported Friday.
Spending on housing decreased 9.1%, transportation and communication dropped 9.2%, but healthcare and medical services increased 3.6% from a year ago.
Japan's household spending data are keenly watched by economists, as consumer spending accounts for more than half of Japan's gross domestic product.
Household income for two or more salaried people edged down 0.1% after adjusting for inflation to 599,845 yen.
Japan Indexes and Stocks
The Nikkei 225 Stock Average decreased 1.1% to 50,434.99, and the broader Topix declined 1% to 3,361.44.
Trading in technology stocks dominated on the Tokyo Stock Exchange, as investors avoided AI-linked semiconductor equipment makers.
Advantest Corp. decreased 2% to ¥20,200.0, Tokyo Electron fell 2% to ¥33,140.0, and Softbank Corp. fell 1.7% to ¥215.20.
China Markets In Holding Pattern Ahead of 2026 Economic Growth Targets
Li Chen
05 Dec, 2025
Hong Kong
Stocks in China and Hong Kong lacked direction and momentum ahead of rate decisions from major central banks and domestic policy updates.
The Hang Seng index decreased 0.3%, and the mainland-focused CSI 300 index inched up 0.1% as investors await fresh signals after the annual policy meeting in Beijing later this month.
Investors debated rate outcomes after a meeting of policymakers in Washington, D.C., amid a weakening macroeconomic environment and rapidly cooling labor market.
Traders held out for a 25 basis-point rate cut at the end of a two-day Fed policy meeting on December 10, as the weakness in international crude oil prices overshadowed tariff-driven inflation.
The Bank of Japan is more likely to raise rates at the end of its policy meeting later in the month, as policymakers struggle to shore up the faltering yen and tackle resurgent inflation.
Closer to home, investors are worried that policymakers at the end of the annual economic conference may decide to wait a few more months before announcing a package of economic stimulus measures.
China's committee of top leaders is expected to lower the annual economic growth target of around 4.5% in 2026 from 5% in 2025 because of headwinds from the weakening domestic demand, persistent malaise in the property market, and uncertain outlook for international trade.
China Indexes and Stocks
The Hang Seng Index decreased 0.3% to 25,872.37, and the mainland-focused CSI 300 index inched up 0.1% to 4,551.81.
Moore Threads Technology soared more than fourfold to 590.81 yuan after the artificial-intelligence chip maker listed its stock on the Shanghai Stock Exchange.
Moore priced its initial public offering at 114.28 yuan per share and raised gross proceeds of 8 billion yuan, or $1.13 billion.
Guangdong Tianyu Semiconductor dropped 24% to HK $44.32, and the company priced its initial public offering at HK $58 per share.
The largest producer of silicon carbide epitaxial wafers sold 30.1 million shares and raised gross proceeds of HK $1.74 billion.
Guangzhou Xiao Noodles Catering Management plunged 27% to HK $5.08 after the company listed its stock on the Hong Kong Stock Exchange.
The operator of the noodle restaurant chain Yujian Xiaomian priced its 97.36 million-share initial public offering at HK$7.04 per share and raised gross proceeds of HK$685.4 million.
China Markets In Holding Pattern Ahead of 2026 Economic Growth Targets
Li Chen
05 Dec, 2025
Hong Kong
Stocks in China and Hong Kong lacked direction and momentum ahead of rate decisions from major central banks and domestic policy updates.
The Hang Seng index decreased 0.3%, and the mainland-focused CSI 300 index inched up 0.1% as investors await fresh signals after the annual policy meeting in Beijing later this month.
Investors debated rate outcomes after a meeting of policymakers in Washington, D.C., amid a weakening macroeconomic environment and rapidly cooling labor market.
Traders held out for a 25 basis-point rate cut at the end of a two-day Fed policy meeting on December 10, as the weakness in international crude oil prices overshadowed tariff-driven inflation.
The Bank of Japan is more likely to raise rates at the end of its policy meeting later in the month, as policymakers struggle to shore up the faltering yen and tackle resurgent inflation.
Closer to home, investors are worried that policymakers at the end of the annual economic conference may decide to wait a few more months before announcing a package of economic stimulus measures.
China's committee of top leaders is expected to lower the annual economic growth target of around 4.5% in 2026 from 5% in 2025 because of headwinds from the weakening domestic demand, persistent malaise in the property market, and uncertain outlook for international trade.
China Indexes and Stocks
The Hang Seng Index decreased 0.3% to 25,872.37, and the mainland-focused CSI 300 index inched up 0.1% to 4,551.81.
Moore Threads Technology soared more than fourfold to 590.81 yuan after the artificial-intelligence chip maker listed its stock on the Shanghai Stock Exchange.
Moore priced its initial public offering at 114.28 yuan per share and raised gross proceeds of 8 billion yuan, or $1.13 billion.
Guangdong Tianyu Semiconductor dropped 24% to HK $44.32, and the company priced its initial public offering at HK $58 per share.
The largest producer of silicon carbide epitaxial wafers sold 30.1 million shares and raised gross proceeds of HK $1.74 billion.
Guangzhou Xiao Noodles Catering Management plunged 27% to HK $5.08 after the company listed its stock on the Hong Kong Stock Exchange.
The operator of the noodle restaurant chain Yujian Xiaomian priced its 97.36 million-share initial public offering at HK$7.04 per share and raised gross proceeds of HK$685.4 million.
U.S. Movers: Marvell Technology, Okta
Scott Peters
03 Dec, 2025
New York City
Okta decreased 3.5% to $78.98 after the cybersecurity company reported results of the fiscal third quarter ending in October.
Revenue increased 12% to $742 million from $665 million, net income soared to $43 million from $16 million, and diluted earnings per share rose to 24 cents from breakeven a year ago.
Okta estimated fiscal 2026 revenue to range between $2.906 billion and $2.908 billion, adjusted operating income to fall between $753 million and $755 million, and adjusted diluted earnings per share between $3.43 and $3.44.
Marvell Technology soared 11.2% to $103.30 after the company reported better-than-expected fiscal third-quarter results and announced an acquisition.
Revenue increased to $2.1 billion from $1.5 billion, net income swung to a profit of $1.9 billion from a loss of $676.3 million, and diluted earnings per share increased to a profit of $2.20 from a loss of 78 cents a year ago.
Marvell estimated fiscal fourth-quarter revenue of $2.2 billion and diluted net income per share of 36 cents.
On August 14, Marvell completed the sale of its automotive Ethernet business to Infineon Technologies AG for $2.5 billion in cash, resulting in a pre-tax gain of $1.8 billion.
"Marvell's results for the third quarter of fiscal 2026 include the results of the automotive ethernet business through the sale date, while prior periods presented include the results of the automotive ethernet business for the entire period," the company added in a statement released to investors.
Marvell agreed to acquire Celestial AI for an upfront cost of $3.25 billion, including $1 billion in cash and 27.2 million of its common stock.
The company agreed to pay an additional $2.25 billion to Celestial AI shareholders if the data datacenter operator meets certain revenue milestones.
The full earnout would be paid if Celestial AI’s cumulative revenue by the end of Marvell’s fiscal year 2029 exceeds $2.0 billion.
U.S. Movers: Marvell Technology, Okta
Scott Peters
03 Dec, 2025
New York City
Okta decreased 3.5% to $78.98 after the cybersecurity company reported results of the fiscal third quarter ending in October.
Revenue increased 12% to $742 million from $665 million, net income soared to $43 million from $16 million, and diluted earnings per share rose to 24 cents from breakeven a year ago.
Okta estimated fiscal 2026 revenue to range between $2.906 billion and $2.908 billion, adjusted operating income to fall between $753 million and $755 million, and adjusted diluted earnings per share between $3.43 and $3.44.
Marvell Technology soared 11.2% to $103.30 after the company reported better-than-expected fiscal third-quarter results and announced an acquisition.
Revenue increased to $2.1 billion from $1.5 billion, net income swung to a profit of $1.9 billion from a loss of $676.3 million, and diluted earnings per share increased to a profit of $2.20 from a loss of 78 cents a year ago.
Marvell estimated fiscal fourth-quarter revenue of $2.2 billion and diluted net income per share of 36 cents.
On August 14, Marvell completed the sale of its automotive Ethernet business to Infineon Technologies AG for $2.5 billion in cash, resulting in a pre-tax gain of $1.8 billion.
"Marvell's results for the third quarter of fiscal 2026 include the results of the automotive ethernet business through the sale date, while prior periods presented include the results of the automotive ethernet business for the entire period," the company added in a statement released to investors.
Marvell agreed to acquire Celestial AI for an upfront cost of $3.25 billion, including $1 billion in cash and 27.2 million of its common stock.
The company agreed to pay an additional $2.25 billion to Celestial AI shareholders if the data datacenter operator meets certain revenue milestones.
The full earnout would be paid if Celestial AI’s cumulative revenue by the end of Marvell’s fiscal year 2029 exceeds $2.0 billion.
U.S. Movers: Salesforce, Snowflake
Scott Peters
04 Dec, 2025
New York City
Snowflake dropped 9.7% to $239.20, after the company's weaker-than-expected outlook overwhelmed the fiscal third quarter results.
Revenue increased 29% to $1.2 billion from $942 million, net loss shrank to $291.6 million from $327.9 million, and diluted loss per share eased to 87 cents from 98 cents a year ago.
Snowflake estimated fiscal fourth quarter product revenue to range between $1.195 billion and $1.20 billion, an increase of 27% from a year ago.
In addition, the company estimated product revenue in fiscal year 2026 at $4.446 billion, an increase of 28% from a year ago.
Salesforce increased 1.2% to $238.72 after the customer relations management software company reported mixed results in the fiscal third quarter ending in October.
Revenue increased 10% to $10.3 billion from $9.44 billion, net income advanced to $2.1 billion from $1.5 billion, and diluted earnings per share rose to $2.19 from $1.58 a year ago.
The company guided fiscal fourth-quarter revenue to range between $11.13 billion and $11.23 billion, an increase between 11% and 12% from a year ago.
Salesforce estimated diluted net income per share to fall between $1.47 and $1.49, and current remaining performance obligation to rise about 15% from a year ago.
For the full-year fiscal 2026, the company estimated revenue between $41.45 billion and $41.55 billion, an increase between 9% and 10%, and diluted earnings per share to range between $7.22 and $7.24.
U.S. Movers: Salesforce, Snowflake
Scott Peters
04 Dec, 2025
New York City
Snowflake dropped 9.7% to $239.20, after the company's weaker-than-expected outlook overwhelmed the fiscal third quarter results.
Revenue increased 29% to $1.2 billion from $942 million, net loss shrank to $291.6 million from $327.9 million, and diluted loss per share eased to 87 cents from 98 cents a year ago.
Snowflake estimated fiscal fourth quarter product revenue to range between $1.195 billion and $1.20 billion, an increase of 27% from a year ago.
In addition, the company estimated product revenue in fiscal year 2026 at $4.446 billion, an increase of 28% from a year ago.
Salesforce increased 1.2% to $238.72 after the customer relations management software company reported mixed results in the fiscal third quarter ending in October.
Revenue increased 10% to $10.3 billion from $9.44 billion, net income advanced to $2.1 billion from $1.5 billion, and diluted earnings per share rose to $2.19 from $1.58 a year ago.
The company guided fiscal fourth-quarter revenue to range between $11.13 billion and $11.23 billion, an increase between 11% and 12% from a year ago.
Salesforce estimated diluted net income per share to fall between $1.47 and $1.49, and current remaining performance obligation to rise about 15% from a year ago.
For the full-year fiscal 2026, the company estimated revenue between $41.45 billion and $41.55 billion, an increase between 9% and 10%, and diluted earnings per share to range between $7.22 and $7.24.
Rate-Cut Optimism Keeps Market Indexes Pointing Higher
Barry Adams
04 Dec, 2025
New York City
Stocks in New York lacked direction as investors debated rate paths ahead of the Fed's rate actions next week.
The S&P 500 increased 0.1%, and the tech-heavy Nasdaq Composite decreased 0.2% as investors reviewed the latest batch of earnings.
Investors are increasingly factoring in a possible 25 basis-point rate cut after the Fed's policy meeting next week. However, those expectations could be dashed if the committee decides to wait and review the impact of the Trump administration's goods tariffs on inflation.
Private businesses trimmed jobs in November, according to the latest data released by ADP on Wednesday.
Businesses cut 32,000 net jobs in November, following an upwardly revised 47,000 gain in October. Employers cut payrolls in four of the last six months, declining by the largest amount since March 2023.
The small companies cut jobs by 120,000, while medium establishments added jobs by 51,000 and large firms increased payrolls by 39,000 in November, according to the ADP's report.
Traders interpreted the labor market's bad news as good news for stocks, and the job market weakness may convince the Fed to lower the fed funds rate range next week.
U.S. Stock Movers
Snowflake dropped 9.7% to $239.20, after the company's weaker-than-expected outlook overwhelmed the fiscal third quarter results.
Revenue increased 29% to $1.2 billion from $942 million, net loss shrank to $291.6 million from $327.9 million, and diluted loss per share eased to 87 cents from 98 cents a year ago.
Snowflake estimated fiscal fourth quarter product revenue to range between $1.195 billion and $1.20 billion, an increase of 27% from a year ago.
In addition, the company estimated product revenue in fiscal year 2026 at $4.446 billion, an increase of 28% from a year ago.
Salesforce increased 1.2% to $238.72 after the customer relations management software company reported mixed results in the fiscal third quarter ending in October.
Revenue increased 10% to $10.3 billion from $9.44 billion, net income advanced to $2.1 billion from $1.5 billion, and diluted earnings per share rose to $2.19 from $1.58 a year ago.
The company guided fiscal fourth-quarter revenue to range between $11.13 billion and $11.23 billion, an increase between 11% and 12% from a year ago.
Salesforce estimated diluted net income per share to fall between $1.47 and $1.49 and the current remaining performance obligation to rise by about 15% from a year ago.
For the full-year fiscal 2026, the company estimated revenue between $41.45 billion and $41.55 billion, an increase between 9% and 10%, and diluted earnings per share to range between $7.22 and $7.24.
Rate-Cut Optimism Keeps Market Indexes Pointing Higher
Barry Adams
04 Dec, 2025
New York City
Stocks in New York lacked direction as investors debated rate paths ahead of the Fed's rate actions next week.
The S&P 500 increased 0.1%, and the tech-heavy Nasdaq Composite decreased 0.2% as investors reviewed the latest batch of earnings.
Investors are increasingly factoring in a possible 25 basis-point rate cut after the Fed's policy meeting next week. However, those expectations could be dashed if the committee decides to wait and review the impact of the Trump administration's goods tariffs on inflation.
Private businesses trimmed jobs in November, according to the latest data released by ADP on Wednesday.
Businesses cut 32,000 net jobs in November, following an upwardly revised 47,000 gain in October. Employers cut in four of the last six months, and payrolls declined by the largest amount since March 2023.
The small companies cut jobs by 120,000, while medium establishments added jobs by 51,000 and large firms increased payrolls by 39,000 in November, according to the ADP's report.
Traders interpreted the labor market's bad news as good news for stocks, and the job market weakness may convince the Fed to lower the fed funds rate range next week.
U.S. Stock Movers
Snowflake dropped 9.7% to $239.20, after the company's weaker-than-expected outlook overwhelmed the fiscal third quarter results.
Revenue increased 29% to $1.2 billion from $942 million, net loss shrank to $291.6 million from $327.9 million, and diluted loss per share eased to 87 cents from 98 cents a year ago.
Snowflake estimated fiscal fourth quarter product revenue to range between $1.195 billion and $1.20 billion, an increase of 27% from a year ago.
In addition, the company estimated product revenue in fiscal year 2026 at $4.446 billion, an increase of 28% from a year ago.
Salesforce increased 1.2% to $238.72 after the customer relations management software company reported mixed results in the fiscal third quarter ending in October.
Revenue increased 10% to $10.3 billion from $9.44 billion, net income advanced to $2.1 billion from $1.5 billion, and diluted earnings per share rose to $2.19 from $1.58 a year ago.
The company guided fiscal fourth-quarter revenue to range between $11.13 billion and $11.23 billion, an increase between 11% and 12% from a year ago.
Salesforce estimated diluted net income per share to fall between $1.47 and $1.49, and current remaining performance obligation to rise about 15% from a year ago.
For the full-year fiscal 2026, the company estimated revenue between $41.45 billion and $41.55 billion, an increase between 9% and 10%, and diluted earnings per share to range between $7.22 and $7.24.
Broad Rally Powered 2% Surge In Japan Indexes, Defense and Tech Stocks Led Gainers
Akira Ito
04 Dec, 2025
Tokyo
Japan's market indexes extended this week's gains, reflecting advances in overnight trading in New York.
The Nikkei 225 Stock Average soared 2%, and the broader Topix increased 1.7% as investors debated future rate paths in the U.S. and Japan.
The yield on 10-year Japanese government bonds inched up to a 17-year high of 1.9%, and the Japanese yen hovered at 155.30 yen against the U.S. dollar.
The U.S. Federal Reserve is likely to deliver a 25 basis point rate cut after a two-day meeting on December 10. Policymakers are likely to focus on the rapidly cooling labor market, overlooking the higher-for-longer inflation fueled by a surge in import tariffs.
The Bank of Japan is likely to lift rates, shoring up the faltering yen, shrinking the rate gap between Japan and the U.S., and dampening the so-called "carry trade."
Japan Indexes and Stocks
The Nikkei 225 Stock Average jumped 2% to 50,862.29, and the broader Topix gained 1.7% to 3,392.45.
Industrial robot makers advanced amid renewed interest from foreign investors.
Fanuc Corp. soared 12.5% to ¥5,942.0, Yaskawa Electric jumped 11.3% to ¥4,767.0, and Nabtesco advanced 10.7% to ¥3,798.0.
Defense stocks advanced as Japan ramped up armament purchases and loosened export controls.
IHI Corp. advanced 1.7% to ¥2,955.0, Kawasaki Heavy Industries advanced 5.4% to ¥10,660.0, and Mitsubishi Heavy Industries gained 4% to ¥4,043.0.