Earnings Reports

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Open source Linux software provider Red Hat who recently agreed to be acquired by IBM reported earnings after the close Monday, beating on earnings but missing on revenue. $RHT new products OpenShift and OpenStack have been ramping up revenue from hybrid cloud computing.

Machine data specialist Splunk reported better than expected hird quarter earnings despite higher costs and expenses. $SPLK raised revenue guidance for 2019 and 202 and guided fourth-quarter revenue higher, the stock rose 8% after the release.

Cloud storage company Box Inc reported better than expected third quarter earnings with record revenue on Wednesday after the close. $BOX guided higher for the following quarters. 

Cloud enterprise software firm Salesforce.com reported better than expected third quarter earnings after the market Tuesday. Technology stocks have been sold off heavily recently and $CRM was up around 3% after the release. Salesforce saw growth from it's $6.5 billion acquisition of MuleSoft.

Jinko Solar, the world's largest solar panel manufacturer, reported better than expected earnings before the open Monday. $JKS, headquartered in Shanghai, China sees for the full year 2018 total solar module shipments to be in the range of 11.5 GW to 11.8 GW. 

Iconic farming, forestry and construction equipment maker Deere missed fourth quarter earnings reported before the open Wednesday. $DE cited global risks, higher US dollar and higher raw materials and freight costs fueling higher expenses and uncertainty.

Retail giant Target Corporation on Tuesday reported worse than expected third-quarter earnings missing on major metrics. $TGT shares fell over 12% before the open, Competitor Walmart reported last week. E-commerce sales were higher with $WMT and $AMZN's ahead.

Retailer Urban Outfitters reported better than expected third quarter 2018 earnings after the close Monday. Comparable sales of Free People, Anthropologie & $URBN brands all grew strongly.

Sonos released better than expected fourth quarter earnings after the close Thursday with the momentum of Sonos One and smarter speaker Beam leading.  $SONO guided higher and the stock jumped 23%  after the release.

Chip equipment supplier Applied Materials reported better than expected fourth quarter earnings after the market close Thursday BUT guided lower. $AMAT fell 9% iniitally but rebounded to be up 1% by the end of the session.

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