ticker

Asana Inc. dropped 8% to $17.48 despite the team collaboration and work management software company reporting higher revenue in the first quarter of 2026 ending on April 30.

Revenue jumped to $187.27 million from $172.45 million, net loss shrank to $40.02 million from a loss of $63.72 million, and diluted loss per share narrowed to 17 cents from a loss of 28 cents a year ago.

The company guided second-quarter revenue to be between $192.0 million and $194.0 million, an increase of 7% to 8% from $179.2 million, and non-GAAP net income per share between 4 cents and 5 cents, compared to a loss of 5 cents a year ago, respectively.

For the full year, the software company estimated revenue to be between $775.0 million and $790.0 million, an increase of 7% to 9% from $723.9 million, and non-GAAP net income per share of 22 cents, compared to a loss of 13 cents a year earlier, respectively.

04 Jun, 2025

S&P 500 and Nasdaq Struggle to Advance After Weak Jobs Data

Barry Adams
04 Jun, 2025
New York City

Stocks on Wall Street attempted to extend the previous session's gains amid optimism that the U.S. president is not serious about imposing high tariffs on key trading partners.

The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite advanced 0.2%, despite Trump's executive order to increase import tax to 50% from 25% on steel and aluminum.

Investors are increasingly confident that the U.S. president's sky-high tariff threats are negotiating tactics, and the Trump administration is less likely to impose tariffs on key trading partners—China, Canada, Mexico, and Japan.

The S&P 500 index is now trading about 3% and the Nasdaq Composite is about 4% from their recent highs, respectively.

Private businesses expanded payrolls by 37,000 in May, the lowest monthly job increase since March 2023, according to data released by ADP.

Wages increased 4.5% from a year ago for those who held the position and advanced 7% for those who changed to a new job.

The net payroll expansion was largely driven by an increase of 38,000 jobs in leisure and hospitality and a 20,000 increase in financial services, offset by a 17,000 decrease in business and professional services and 13,000 in education and health services.

Commodities, Currencies, Indexes, Yields

The S&P 500 index increased 0.3% to 5,987.81, the Nasdaq Composite edged up 0.4% to 19,477.52, and the Russell 2000 index advanced 0.2% to 2,106.31.

The yield on 2-year Treasury notes edged lower to 3.93%, 10-year Treasury notes decreased to 4.41%, and 30-year Treasury bonds declined to 4.93%.

WTI crude oil increased $0.11 to $63.52 a barrel, and natural gas prices edged lower by $0.05 to $3.67 a thermal unit.

Gold increased by $3.28 to 3,356.24 an ounce, and silver edged down by $0.11 to $34.41.

The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.22 to 99.01 and traded at the lowest level since April 2022.

U.S. Stock Movers

CrowdStrike Holdings dropped 7.3% to $453.40 after the company's current quarter revenue fell short of analysts' expectations.

The cybersecurity company estimated revenue to fall between $1.14 billion and $1.15 billion but reported better-than-expected revenue and earnings in the fiscal first quarter.

Hewlett Packard Enterprise jumped 6.7% to $18.87, and the information technology company reported fiscal second-quarter adjusted earnings per share of 38 cents on revenue of $7.63 billion.

Dollar Tree Inc. declined 2.3% to $94.51 after the discount retailer reported better-than-expected earnings, but revenue fell short of analysts' expectations.

Thor Industries increased 6.7% to $88.0 after the recreational vehicle maker reported better-than-expected earnings in the fiscal third quarter and reaffirmed annual estimates.

S&P 500 and Nasdaq Struggle to Advance After Weak J

Barry Adams
04 Jun, 2025
New York City

Stocks on Wall Street attempted to extend the previous session's gains amid optimism that the U.S. president is not serious about imposing high tariffs on key trading partners.

The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite advanced 0.2%, despite Trump's executive order to increase import tax to 50% from 25% on steel and aluminum.

Investors are increasingly confident that the U.S. president's sky-high tariff threats are negotiating tactics, and the Trump administration is less likely to impose tariffs on key trading partners—China, Canada, Mexico, and Japan.

The S&P 500 index is now trading about 3% and the Nasdaq Composite is about 4% from their recent highs, respectively.

Private businesses expanded payrolls by 37,000 in May, the lowest monthly job increase since March 2023, according to data released by ADP.

Wages increased 4.5% from a year ago for those who held the position and advanced 7% for those who changed to a new job.

The net payroll expansion was largely driven by an increase of 38,000 jobs in leisure and hospitality and a 20,000 increase in financial services, offset by a 17,000 decrease in business and professional services and 13,000 in education and health services.

U.S. Stock Movers

CrowdStrike Holdings dropped 7.3% to $453.40 after the company's current quarter revenue fell short of analysts' expectations.

The cybersecurity company estimated revenue to fall between $1.14 billion and $1.15 billion but reported better-than-expected revenue and earnings in the fiscal first quarter.

Hewlett Packard Enterprise jumped 6.7% to $18.87, and the information technology company reported fiscal second-quarter adjusted earnings per share of 38 cents on revenue of $7.63 billion.

Dollar Tree Inc. declined 2.3% to $94.51 after the discount retailer reported better-than-expected earnings, but revenue fell short of analysts' expectations.

Thor Industries increased 6.7% to $88.0 after the recreational vehicle maker reported better-than-expected earnings in the fiscal third quarter and reaffirmed annual estimates.

European Markets Scaled Higher, U.S. Hiked Import Duties On Steel and Aluminum

Bridgette Randall
04 Jun, 2025
London

European markets advanced as investors overlooked brewing trade tensions between the U.S. and the European Union.

Benchmark indexes in Frankfurt, Paris, Milan, and London edged higher, and bond yields were stable ahead of the European Central Bank's rate decisions on Thursday.

The U.S. president unilaterally increased import duties on steel and aluminum to 50% from 25%, prompting the European Union to warn that the move could jeopardize current negotiations.

The European Union added that it is prepared to impose its own duties if needed on American products but prefers to focus on "negotiated solutions."

Investors are anticipating the European Central Bank to lower its rates on Thursday, as policymakers look for ways to soften blows to businesses and consumers amid macroeconomic uncertainties and a weakening export environment.

Europe Indexes and Yields

The DAX index increased by 0.6% to 24,242.98, the CAC-40 index edged higher by 0.4% to 7,791.37, and the FTSE 100 index declined 0.05% to 8,783.00.

The yield on 10-year German bonds inched higher to 2.51%, French bonds decreased to 3.18%, UK gilts moved down to 4.63%, and Italian bonds edged higher to 3.49%.

The euro increased to $1.14; the British pound was higher at $1.35; and the U.S. dollar was lower and traded at 82.30 Swiss cents.

Brent crude decreased $0.17 to $65.46 a barrel, and the Dutch TTF natural gas was lower by €0.21 to €35.86 per MWh.

Europe Movers

Arcelor Mittal SA decreased 0.1% to €26.40, ThyssenKrupp AG edged up 4% to €8.76, and Salzgitter AG added 3% to €21.32.

Semiconductor-related stocks advanced following a surge in the sector in overnight trading in New York.

STMicroelectronics NV rose 5.7% to €23.72, Infineon Technologies AG gained 4.3% to €35.77, and ASML Holding NV gained 1.2% to €661.10.

European Markets Scaled Higher, U.S. Hiked Import Duties On Steel and Aluminum

Bridgette Randall
04 Jun, 2025
London

European markets advanced as investors overlooked brewing trade tensions between the U.S. and the European Union.

Benchmark indexes in Frankfurt, Paris, Milan, and London edged higher, and bond yields were stable ahead of the European Central Bank's rate decisions on Thursday.

The U.S. president unilaterally increased import duties on steel and aluminum to 50% from 25%, prompting the European Union to warn that the move could jeopardize current negotiations.

The European Union added that it is prepared to impose its own duties if needed on American products but prefers to focus on "negotiated solutions."

Investors are anticipating the European Central Bank to lower its rates on Thursday, as policymakers look for ways to soften blows to businesses and consumers amid macroeconomic uncertainties and a weakening export environment.

Europe Indexes and Yields

The DAX index increased by 0.6% to 24,242.98, the CAC-40 index edged higher by 0.4% to 7,791.37, and the FTSE 100 index declined 0.05% to 8,783.00.

The yield on 10-year German bonds inched higher to 2.51%, French bonds decreased to 3.18%, UK gilts moved down to 4.63%, and Italian bonds edged higher to 3.49%.

The euro increased to $1.14; the British pound was higher at $1.35; and the U.S. dollar was lower and traded at 82.30 Swiss cents.

Brent crude decreased $0.17 to $65.46 a barrel, and the Dutch TTF natural gas was lower by €0.21 to €35.86 per MWh.

Europe Movers

Arcelor Mittal SA decreased 0.1% to €26.40, ThyssenKrupp AG edged up 4% to €8.76, and Salzgitter AG added 3% to €21.32.

Semiconductor-related stocks advanced following a surge in the sector in overnight trading in New York.

STMicroelectronics NV rose 5.7% to €23.72, Infineon Technologies AG gained 4.3% to €35.77, and ASML Holding NV gained 1.2% to €661.10.

Europe Movers: Remy Cointreau, Voestalpine

Inga Muller
04 Jun, 2025
Frankfurt

Remy Cointreau SA traded up 0.2% to €46.92 despite the French spirits company reporting lower revenue and profit for the full year.

Sales declined to €948.6 million from €1.19 billion, net profit edged down to €121.2 million from €184.8 million, and earnings per share fell to €2.36 from €3.64 a year ago.

The company estimated financial year 2026 sales to increase by a mid-single-digit percentage, compared to €1.19 billion a year ago, driven primarily by a strong technical rebound in sales to the U.S. starting in the fiscal first quarter.

Excluding any increase in customs duties in China and the U.S., the company expects organic growth in current operating profit in the high single-digit to low double-digit range, compared to €304.4 million a year earlier.

Given the continued lack of macroeconomic visibility and geopolitical uncertainties, the company has withdrawn its objectives for financial year 2030 originally issued in June 2020.

Voestalpine AG gained 3.6% to €23.50 after the Austria-based steel and technology group reported higher full-year earnings.

Revenue declined to €15.74 billion from €16.68 billion, attributable profit after tax increased to €153.5 million from €100.8 million, and diluted earnings per share rose to 90 cents from 59 cents a year ago.

“Tariffs are expected to have a negative impact on Voestalpine’s earnings in the mid-double-digit million-euro range over the course of the 2025/26 business year,” the company said in a release to investors.

China continues to uphold its stated strategic growth target of 5%; however, if trade with the U.S. cools in response to reciprocal tariffs, achieving this target may become more difficult, the company added in the statement.

Meanwhile, demand in the automotive industry is anticipated to remain stable at its current level, while demand in the areas of construction, mechanical engineering, and consumer goods has the potential to recover toward the end of the financial year.

Voestalpine has estimated operating earnings in the current fiscal year to range between €1.40 billion and €1.55 billion, compared to €1.35 billion a year earlier.

Europe Movers: Remy Cointreau

Inga Muller
04 Jun, 2025
Frankfurt

Remy Cointreau SA traded up 0.2% to €46.92 despite the French spirits company reporting lower revenue and profit for the full year.

Sales declined to €948.6 million from €1.19 billion, net profit edged down to €121.2 million from €184.8 million, and earnings per share fell to €2.36 from €3.64 a year ago.

The company estimated financial year 2026 sales to increase by a mid-single-digit percentage, compared to €1.19 billion a year ago, driven primarily by a strong technical rebound in sales to the U.S. starting in the fiscal first quarter.

Excluding any increase in customs duties in China and the U.S., the company expects organic growth in current operating profit in the high single-digit to low double-digit range, compared to €304.4 million a year earlier.

Given the continued lack of macroeconomic visibility and geopolitical uncertainties, the company has withdrawn its objectives for financial year 2030 originally issued in June 2020.

U.S. Movers: Asana, Dollar Tree

Scott Peters
04 Jun, 2025
New York City

Asana Inc. dropped 8% to $17.48 despite the team collaboration and work management software company reporting higher revenue in the first quarter of 2026 ending on April 30.

Revenue jumped to $187.27 million from $172.45 million, net loss shrank to $40.02 million from a loss of $63.72 million, and diluted loss per share narrowed to 17 cents from a loss of 28 cents a year ago.

The company guided second-quarter revenue to be between $192.0 million and $194.0 million, an increase of 7% to 8% from $179.2 million, and non-GAAP net income per share between 4 cents and 5 cents, compared to a loss of 5 cents a year ago, respectively.

For the full year, the software company estimated revenue to be between $775.0 million and $790.0 million, an increase of 7% to 9% from $723.9 million, and non-GAAP net income per share of 22 cents, compared to a loss of 13 cents a year earlier, respectively.

Dollar Tree Inc. eased 2.3% to $94.48 after the discount retailer reported fiscal first quarter 2025 results and issued a cautious outlook.

Net sales in the quarter ending on May 3 climbed to $4.64 billion from $4.16 billion, net income edged up to $343.4 million from $300.1 million, and diluted earnings per share from continuing operations rose to $1.47 from $1.23 a year ago.

Diluted earnings per share from discontinued operations inched down to 14 cents from 15 cents a year earlier.

Same-store sales increased 5.4% in the quarter, with traffic up 2.5% and average ticket size up 2.8%.

The company estimated full-year net sales to range between $18.5 billion and $19.1 billion, compared to $17.6 billion a year earlier, and comparable store sales to increase between 3% and 5%.

Dollar Tree also expects full-year adjusted diluted earnings per share from continuing operations to be between $5.15 and $5.65, compared to $4.83 a year ago.

Dollar Tree expanded its operations, opening 148 new stores during the first quarter.

During the second quarter, the company is expected to sell its Family Dollar business to Brigade and Macellum for $1.007 billion.

“We expect second-quarter adjusted EPS from continuing operations could be down as much as 45% to 50% year-over-year before re-accelerating in the third and fourth quarters to meet our full-year earnings outlook,” the company said in a release to investors.

Second-quarter comparable sales growth will be towards the higher end of the full-year outlook range of 3% to 5%, the company added in the statement.

U.S. Movers: Asana

Scott Peters
04 Jun, 2025
New York City

Asana Inc. dropped 8% to $17.48 despite the team collaboration and work management software company reporting higher revenue in the first quarter of 2025.

Revenue jumped to $187.27 million from $172.45 million, net loss shrank to $40.02 million from a loss of $63.72 million, and diluted loss per share narrowed to 17 cents from a loss of 28 cents a year ago.

The company guided second-quarter revenue to be between $192.0 million and $194.0 million, an increase of 7% to 8% from $162.5 million, and non-GAAP net income per share between 4 cents and 5 cents, compared to a loss of 4 cents a year ago, respectively.

For the full year, the software company estimated revenue to be between $775.0 million and $790.0 million, an increase of 7% to 9% from $652.5 million, and non-GAAP net income per share of 22 cents, compared to a loss of 20 cents a year earlier, respectively.

Stock Movers: Ashok Leyland, Cello World, SML ISUZU, CSL Finance, Titagarh Rail, Niraj Cement, Granules, KNR Constructions

Arun Goswami
04 Jun, 2025
Mumbai

Ashok Leyland Ltd. was unchanged at ₹236, and the vehicle maker reported a 30% increase in net income in the fiscal fourth quarter.

Consolidated revenue in the March quarter edged higher to ₹14,695.6 crore from ₹13,542.4 crore, and after-tax profit jumped to ₹1,245.9 crore from ₹933.7 crore, and diluted earnings per share rose to ₹3.85 from ₹2.90 a year ago.

For the fiscal year 2025, revenue increased to ₹48,535.1 crore from ₹45,703.3 crore, after-tax profit advanced to ₹3,382.8 crore from ₹2,696.4 crore, and diluted earnings per share inched higher to ₹10.56 from ₹8.45 a year ago.

The company's board recommended a final dividend of ₹2 per share.

Cello World Limited plunged 0.6% to ₹597.70 despite the consumer goods company reporting a muted increase in sales and earnings in the latest quarter.

Consolidated revenue in the March quarter inched higher to ₹601.8 crore from ₹519.1 crore, and after-tax profit inched higher to ₹96.2 crore from ₹96.1 crore, and diluted earnings per share edged lower to ₹4.03 from ₹4.18 a year ago.

For the fiscal year 2025, revenue edged higher to ₹2,181.1 crore from ₹2,025.3 crore, after-tax profit increased to ₹364.6 crore from ₹356.2 crore, and diluted earnings per share soared to ₹15.50 from ₹15.60 a year ago.

The company's board recommended a final dividend of ₹1.50 per share.

SML ISUZU Ltd. decreased 1% to ₹1,893 despite the commercial vehicle manufacturer reporting a slight increase in revenue and earnings in the fiscal fourth quarter.

Consolidated revenue in the March quarter advanced to ₹773 crore from ₹681.6 crore, and after-tax profit inched higher to ₹53 crore from ₹52.3 crore, and diluted earnings per share rose to ₹36.60 from ₹36.14 a year ago.

For the fiscal year 2025, revenue edged higher to ₹2,405 crore from ₹2,201 crore, after-tax profit soared to ₹121.7 crore from ₹107.9 crore, and diluted earnings per share increased to ₹84.08 from ₹74.54 a year ago.

The company's board recommended a final dividend of ₹18 per share.

CSL Finance Ltd. gained 0.3% to ₹335.80 after the non-banking finance company reported an increase in revenue and earnings in the latest quarter.

Consolidated revenue in the March quarter edged up to ₹56.6 crore from ₹46.6 crore, and after-tax profit inched higher to ₹19 crore from ₹18.6 crore, and diluted earnings per share rose to ₹8.25 from ₹8.13 a year ago.

For the fiscal year 2025, revenue edged higher to ₹215.1 crore from ₹165.6 crore, after-tax profit increased to ₹72.1 crore from ₹63.4 crore, and diluted earnings per share soared to ₹31.29 from ₹28.27 a year ago.

The company's board recommended a dividend of ₹3 per share.

Titagarh Rail Systems Ltd. declined 1% to ₹889.50 after the railway rolling stock manufacturer and supplier reported a 19% plunge in quarterly profit from a year ago.

Consolidated revenue decreased to ₹1,035.4 crore from ₹1,067.1 crore, net income fell to ₹64.5 crore from ₹79 crore, and diluted earnings per share declined to ₹4.78 from ₹6.20 a year ago.

For the fiscal year 2025, revenue edged higher to ₹3,943.1 crore from ₹3,839.1 crore; after-tax profit edged down to ₹274.9 crore from ₹288.1 crore; and diluted earnings per share fell to ₹20.39 from ₹22.46 a year ago.

The company's board recommended a dividend of ₹2 per share.

Niraj Cement Structurals Ltd. fell 0.8% to ₹56.74 despite the infrastructure services provider reporting a 13% rise in net income in the latest quarter.

Consolidated revenue in the March quarter advanced to ₹169.3 crore from ₹135.7 crore, and after-tax profit inched higher to ₹8.5 crore from ₹7.5 crore, and diluted earnings per share declined to ₹1.35 from ₹1.87 a year ago.

For the fiscal year 2025, revenue edged higher to ₹513.5 crore from ₹478 crore, after-tax profit soared to ₹15.1 crore from ₹10.3 crore, and diluted earnings per share increased to ₹2.99 from ₹2.57 a year ago.

Granules India Ltd. rose 0.3% to ₹523 despite the pharmaceutical manufacturing company reporting a decline in revenue and profit in the March quarter.

Consolidated revenue in the March quarter inched down to ₹798.5 crore from ₹943.6 crore, after-tax profit decreased to ₹94 crore from ₹97.2 crore, and diluted earnings per share declined to ₹3.88 from ₹4.01 a year ago.

For the fiscal year 2025, revenue edged down to ₹3,070.8 crore from ₹3,760.9 crore, after-tax profit decreased to ₹319.3 crore from ₹435.9 crore, and diluted earnings per share fell to ₹13.17 from ₹17.99 a year ago.

The company's board recommended a final dividend of ₹1.50 per share.

KNR Constructions Ltd. advanced 0.6% to ₹208.50 despite the infrastructure development company reporting a 98% drop in quarterly profit from a year ago.

Consolidated revenue in the March quarter inched lower to ₹1,000.5 crore from ₹1,539.3 crore, and after-tax profit fell to ₹7.6 crore from ₹340.6 crore, and diluted earnings per share declined to ₹4.95 from ₹12.56 a year ago.

For the fiscal year 2025, revenue edged higher to ₹5,068.9 crore from ₹4,574.2 crore, after-tax profit increased to ₹1,001.9 crore from ₹753.3 crore, and diluted earnings per share soared to ₹35.62 from ₹27.64 a year ago.

The company's board recommended a final dividend of 25 paise per share.