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Give the dog a bone…
Chewy up 3% after Q2 earnings
adj EPS $0.15 beats by $0.06.
Revenue $2.78B (+14.4% Y/Y) beats by $20M.
$CHWY 28.18▲ 0.85 (3.11%) After HoursCrowdstrike down 1% after earnings beat but guidance underwhelms:
EPS $0.74 vs $0.56
Revenue $731.6 million vs $724 million
Outlook
Guides FY Revenue $3.04B vs. Est. 3.02B
$CRWD $47.39▼ 1.79 (1.20%) After HoursSalesforce up 5% after Q2 24 Earnings:
Adj EPS: $2.12 (est $1.90)
Revenue: $8.6B (est $8.53B)
Outlook:
Q3 rev $8.7 billion to $8.72 billion v $8.66 billion.
Q3 EPS $2.05 to $2.06 v $1.83.
$CRM 227.50▲ 12.46 (5.79%) After HoursEquity indices in the Asia-Pacific region ended Thursday on a mostly lower note.
Japan’s Nikkei: +0.9%,
Hong Kong’s Hang Seng: -0.6%,
China’s Shanghai Composite: -0.6%,
India’s Sensex: -0.4%,
South Korea’s Kospi: -0.2%,
Australia’s ASX All Ordinaries: +0.2%.China’s August Manufacturing PMI 49.7 (expected 49.4; last 49.3) and Non-Manufacturing PMI 51.0 (expected 51.1; last 51.5)
China’s Manufacturing PMI improved in August but remained in contractionary territory while Non-Manufacturing PMI decelerated again, reflecting slowing growth.
U.S. Commerce Secretary Raimondo said that some specific issues were not resolved during her trip to China, but she held constructive meetings with Chinese officials.
Japan’s July Industrial Production -2.0% m/m (expected -1.4%; last 2.4%)
July Retail Sales 6.8% yr/yr (expected 5.4%; last 5.6%).
July Housing Starts -6.7% yr/yr (expected -0.8%; last -4.8%)
Construction Orders 8.7% yr/yr (expected 2.1%; last 8.6%)Industrial production in Japan and South Korea decreased at a faster than expected rate in July, prompting the Japanese government to lower its assessment of industrial production.
Japan’s Prime Minister Kishida announced new gasoline subsidies that will take effect next week.
South Korea’s July Industrial Production -2.0% m/m (expected -0.4%; last -1.5%); -8.0% yr/yr (expected -5.2%; last -5.9%).
July Retail Sales -3.2% m/m (expected 0.0%; last 0.9%)
July Services Sector Output 0.4% m/m (expected 0.0%; last 0.5%)Australia’s Q2 Building Capital Expenditure 3.5% qtr/qtr (expected -0.4%; last 1.3%), Q2 Plant/Machinery Capital Expenditure 1.9% qtr/qtr (expected -0.1%; last 4.2%), and Q2 Private New Capital Expenditure 2.8% qtr/qtr (expected 1.2%; last 3.7%).
July Private Sector Credit 0.3% m/m, as expected (last 0.3%)New Zealand’s August ANZ Business Confidence -3.7 (expected -1.9; last -13.1)
Major European indices trade near their flat lines while Germany’s DAX (+0.6%) outperforms.
STOXX Europe 600: +0.2%,
Germany’s DAX: +0.6%,
U.K.’s FTSE 100: +0.1%,
France’s CAC 40: -0.2%,
Italy’s FTSE MIB: +0.1%,
Spain’s IBEX 35: +0.2%.Eurozone’s flash August CPI 0.6% m/m (expected 0.4%; last -0.1%); 5.3% yr/yr (expected 5.1%; last 5.3%).
Flash August Core CPI 0.3% m/m, as expected (last -0.1%); 5.3% yr/yr, as expected (last 5.5%)Germany’s July Retail Sales -0.8% m/m (expected 0.3%; last -0.8%); -2.2% yr/yr (expected -1.0%; last -1.6%).
August Unemployment Change 18,000 (expected 10,000; last 1,000) and Unemployment Rate 5.7%, as expected (last 5.6%)France’s Q2 GDP 0.5% qtr/qtr, as expected (last 0.1%); 0.9% yr/yr (last 0.9%).
July Consumer Spending 0.3% m/m, as expected (last 0.9%). July PPI 0.9% yr/yr (last 3.1%).
Flash August CPI 1.0% m/m (expected 0.8%; last 0.1%); 4.8% yr/yr (expected 4.6%; last 4.3%)Italy’s flash August CPI 0.4% m/m (expected 0.1%; last 0.0%); 5.5% yr/yr (expected 5.3%; last 5.9%).
July Unemployment Rate 7.6% (expected 7.4%; last 7.5%)Spain’s June Current Account surplus EUR2.83 bln (expected EUR4.13 bln; last EUR3.99 bln)
Swiss July Retail Sales -2.2% yr/yr (last 1.0%)
European Central Bank policymaker Schnabel repeated her worries about underlying price pressures, adding that there is no target for a peak ECB interest rate.
Bank of England Chief Economist Pill said that policy should remain restrictive until core inflation slows.
Italy is looking to sell some of its state-owned assets to improve the fiscal situation.
Okta (OKTA 81.35, +7.78, +10.6%): beats by $0.09, beats on revs; guides Q3 EPS above consensus, revs above consensus; guides FY24 EPS above consensus, revs above consensus
Pure Storage (PSTG 37.80, +1.22, +3.3%): beats by $0.04, reports revs in-line; guides Q3 revs above consensus; guides FY24 revs in-line with consensus
Five Below (FIVE 172.52, -10.43, -5.8%): beats by $0.01, reports revs in-line; guides Q3 EPS below consensus, revs below consensus; guides FY24 EPS below consensus, revs in-line
Victoria’s Secret (VSCO 16.82, -1.00, -5.6%): misses by $0.02, reports revs in-line; provides Q3 guidance; expects FY24 net sales to decline by low single digits yr/yr
Veeva Systems (VEEV 195.00, +2.41, +1.3%): beats by $0.08, beats on revs; guides Q3 EPS above consensus, revs below consensus; guides FY24 EPS above consensus, revs in-line; reaffirms FY25 revs guidanceSignet Jewelers (SIG 73.50, +2.04, +2.9%): beats by $0.10, beats on revs; slightly raises FY24 EPS guidance; reaffirms FY24 revenue guidance; Q2 comps +12.0%
Dollar General (DG 131.95, -26.65, -16.9%): misses by $0.34, misses on revs; guides FY24 EPS below consensus, revs below consensus
Ciena (CIEN 45.30, +2.14, +5.0%): beats by $0.08, beats on revs
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