Breaking News
Sep 10, 2025
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Casey's General Stores Inc. surged 5% to $541.48 after the convenience store operator reported a 19% rise in its earnings in the latest quarter ending on July 31.
Consolidated revenue increased to $4.6 billion from $4.1 billion, net income advanced to $215 million from $180 million, and diluted earnings per share rose to $5.77 from $4.83 a year ago.
During the quarter, the company repurchased approximately $31 million of shares, and the company has approximately $264 million remaining under its existing share repurchase authorization.
The company's board declared a cash dividend of $0.57 per share, payable on November 14 to shareholders on record on November 1.
Casey's reiterated its fiscal 2026 outlook, and the company estimated EBITDA to grow by 10% to 12% from a year ago, with same-store inside sales increasing 2% to 5% and an inside margin of about 41%.
Casey's estimated same-store fuel gallons sold to range from negative 1% to positive 1%, and operating expenses to rise by 8% to 10%.
Casey’s plans to open at least 80 new stores through a mix of acquisitions and new builds, bringing the total to around 500 stores over the three-year strategic plan. -
Macy's Inc. plunged 0.03% to $17.30 after the department store chain operator reported a 48% decline in profit in the fiscal second quarter ending on August 2.
Consolidated revenue edged lower to $5 billion from $5.1 billion, net income declined to $87 million from $150 million, and diluted earnings per share fell to 31 cents from 53 cents a year ago.
The company returned $100 million to shareholders, including $50 million in quarterly dividends and $50 million in share repurchases.
The company's board declared a regular quarterly dividend of 18.24 cents per share, payable on October 1 to shareholders on record on September 15.
Macy's revised its annual revenue guidance to between $21.15 billion and $21.45 billion and adjusted diluted earnings per share to between $1.70 and $2.05. -
Verint Systems Inc. was unchanged at $20.36 after the customer experience automation platform’s net income swung to a loss in the latest quarter ending on July 31.
Consolidated revenue in the quarter inched down to $208 million from $210 million, net income swung to a loss of $1.69 million from a profit of $5.53 million, and diluted income per share swung to a loss of 9 cents from a profit of 2 cents a year ago.
Thoma Bravo announced a $2 billion all-cash acquisition of Verint on August 24, 2025. Shareholders will receive $20.50 per share, representing an 18% premium to the stock’s 10-day average price before reports of a potential sale.
The deal, unanimously approved by Verint’s board, is expected to close by the end of the current fiscal year, subject to shareholder and regulatory approvals.
After completion, Verint will become privately held, and its stock will be delisted. -
Asana Inc. declined 8% to $13.46 despite the team collaboration and work management software company saying net loss shrank and revenue increased in the second quarter ending on July 31.
Consolidated revenue inched higher to $196.9 million from $179.2 million, net loss shrank to $48 million from $72 million, and diluted losses per share fell to 20 cents from 31 cents a year ago.
Asana guided third-quarter revenue to be between $197.5 million and $199.5 million, non-GAAP operating income to be between $12 million and $14 million, and non-GAAP earnings per share between 6 cents and 7 cents.
Asana guided full-year revenue to be between $780 million and $790 million, non-GAAP operating income to be between $46 million and $50 million, and non-GAAP earnings per share to be between 23 cents and 25 cents.
In the fiscal second quarter of 2026, Asana saw strong customer growth, with core customers (spending $5,000+) increasing 9% to 25,006 and high-value customers (spending $100,000+) rising 19% to 770, driving revenue growth from core accounts by 12% from a year ago, respectively.
The company maintained a solid dollar-based net retention rate of 96% -
Ciena Corp. increased 20% to $116.69 after the provider of networking systems reported more than a three-and-a-half-fold jump in earnings in the fiscal third quarter ending on August 2.
Consolidated revenue edged higher to $1.22 billion from $942 million, net income advanced to $50.3 million from $14.2 million, and diluted earnings per share rose to 35 cents from 10 cents a year ago.
During the quarter, Ciena repurchased 1.0 million shares of common stock for an aggregate price of $81.8 million.
Ciena guided fourth-quarter revenue to be between $1.24 billion and $1.32 billion, adjusted gross margin to be between 42% and 43%, and adjusted operating expense to be between $390 million and $400 million.
"With visibility well into fiscal year 2026, we are confident in the continued momentum of our business and remain focused on further expanding our operating leverage as we continue to grow," said Gary Smith, president and CEO, Ciena. -
DocuSign Inc. gained 4.8% to $79.86 despite the e-signature software provider reporting a 93% drop in the second quarter ending on July 31.
Consolidated revenue increased to $800 million from $736 million, net income dropped to $63 million from $888 million, and diluted earnings per share declined to 30 cents from $4.26 a year ago.
During the second quarter, DocuSign returned a total of $201.5 million to shareholders through share repurchases.
DocuSign guided third-quarter revenue to be between $804 million and $808 million, adjusted operating margin between 28% and 29%, and adjusted diluted weighted-average shares outstanding between 207 million and 212 million.
DocuSign guided full-year revenue to be between $3.189 billion and $3.201 billion, adjusted operating margin between 28.6% and 29.6%, and adjusted diluted weighted-average shares outstanding between 207 million and 212 million. -
Broadcom Inc. fell 0.7% to $332.41 despite the provider of semiconductor and infrastructure software solutions’ net income swinging to a profit from a year ago in the fiscal third quarter.
Consolidated revenue inched higher to $15.95 billion from $13.07 billion, net income swung to a profit of $4.14 billion from a loss of $1.88 billion, and diluted earnings per share rose to an income of 85 cents from a loss of 40 cents a year ago.
The company's board declared a cash dividend of $0.59 per share, payable on September 30 to shareholders on record on September 22.
During the third quarter, Broadcom returned $2.8 billion to shareholders through cash dividends.
The company estimated fiscal fourth-quarter revenue of approximately $17.4 billion and adjusted EBITDA to be approximately 67% of projected revenue.
"Broadcom achieved record third-quarter revenue, driven by continued strength in custom AI accelerators, networking, and VMware," said Hock Tan, president and chief executive officer.
AI revenue in Q3 grew 63% year-over-year to $5.2 billion.
We expect this growth to accelerate further in the fourth quarter, with AI semiconductor revenue projected to reach $6.2 billion—marking eleven consecutive quarters of growth, as our customers continue to invest aggressively.” -
Lululemon Athletica Inc. plunged 19% to $167.77 after the athleisure retailer reported a slight increase in revenue and a marginal decline in net income in the second quarter ending on August 3.
Consolidated revenue edged higher to $2.5 billion from $2.4 billion, net income declined to $370.9 million from $392.9 million, and diluted earnings per share fell to $3.10 from $3.15 a year ago.
During the second quarter, Lululemon returned a total of $278.5 million to shareholders through repurchases of 1.1 million shares.
The company added 14 net new company-operated stores during the second quarter, ending with 784 stores.
Overall comparable sales increased 1%; in the Americas, comparable sales declined 4%, or 3% on a constant dollar basis, offset by an international comparable sales increase of 15%, or 13% on a constant dollar basis.
Lululemon guided third-quarter revenue to be between $2.47 billion and $2.50 billion, and diluted earnings per share between $2.18 and $2.23.
The company estimated diluted earnings per share between $12.77 and $12.97 and full-year revenue between $10.85 billion and $11.0 billion.
"While we continued to see positive momentum overall in our international regions in the second quarter, we are disappointed with our U.S. business results and aspects of our product execution," said Calvin McDonald, Chief Executive Officer.
"In the second quarter, we exceeded expectations on EPS, but revenue fell short of our guidance, driven predominantly by our U.S. business.
We are also navigating industry-wide challenges, including higher tariff rates. In light of these dynamics, we are revising our full-year outlook," said Meghan Frank, Chief Financial Officer. -
The Children’s Place, Inc., jumped 6.6% to $5.80 despite the children’s apparel and accessories retailer’s net income swinging to a loss in the latest quarter ending on August 2.
Consolidated revenue decreased 6.8% to $298 million from $319 million, adjusted net income swung to a loss of $3.4 million from a profit of $3.9 million, and adjusted diluted earnings per share swung to a loss of 15 cents from a profit of 30 cents a year ago.
Comparable retail sales fell 4.7% in the quarter, with the company attributing the decline to a challenging macroeconomic environment and tariff-related uncertainty, which dampened consumer sentiment and impacted both physical and online sales.
During the second quarter, the company opened one store and closed two, ending the period with 494 locations, down from 515 stores at the end of the same quarter last year.
“The tariff environment remains unpredictable. Based on the current environment, we are projecting approximately $20 million to $25 million in additional tariff and duty expenses for fiscal year 2025.
However, we believe we are well-positioned to manage these impacts, having plans to mitigate approximately 80% of the effects of these tariffs through a range of strategic initiatives," said Muhammad Umair, President and Interim Chief Executive Officer. -
GitLab Inc. dropped 9% to $43.70, and the software developer’s net income swung to a loss in the latest quarter ending on July 31.
Consolidated revenue edged higher to $212.7 million from $163.2 million, net income swung to a loss of $10 million from a profit of $12.2 million, and diluted earnings per share swung to a loss of 6 cents from a profit of 8 cents a year ago.
The company guided third-quarter revenue to be between $238 million and $239 million, non-GAAP operating income between $31 million and $32 million, and non-GAAP diluted earnings per share between 19 cents and 20 cents.
The company said customers with annual recurring revenue (ARR) over $5,000 grew 11% from a year ago to 10,338, while customers with ARR over $100,000 rose 25% to 1,344.
The dollar-based net retention rate remained healthy at 121%, reflecting strong expansion within the existing customer base.
Total remaining performance obligations (RPO) increased 32% year-over-year to $988.2 million, and current RPO grew 31% to $621.6 million, highlighting strong future revenue visibility.
Sep 8, 2025
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