Market Updates
U.S. Movers: Advance Auto Parts, Agilent Technologies, Nordson, Synopsys, Zoom Video
Scott Peters
22 Aug, 2024
New York City
Agilent Technologies jumped 1.8% to $142.28, and the laboratory supply company reported higher-than-expected fiscal third quarter results.
Revenue in the quarter increased to $1.58 billion, and adjusted earnings per share rose to $1.32, ahead of expectations of at least $1.25.
Nordson Corp. gained 0.4% to $248.67, and the adhesive company reported better-than-expected fiscal third quarter results.
Advance Auto Parts dropped 16.7% to $51.53, and the auto parts retailer reported weaker-than-expected second-quarter earnings.
The company also lowered its annual earnings per share outlook to between $2.0 and $2.50 from the previous estimate of between $3.75 and $4.25.
Zoom Video Communications soared 11.7%, and the company reported better-than-expected second-quarter earnings and lifted its annual outlook.
Revenue increased to $1.16 billion, and earnings per share rose to $1.39.
Looking ahead, for the third quarter, the company anticipates adjusted earnings per share between $1.29 and $1.31, ahead of the consensus of $1.24.
The company estimated full-year adjusted earnings per share between $5.29 and $5.32, ahead of market expectations of $5.05.
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