Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) shares fell more than 6% after the company's fiscal fourth-quarter revenue guidance fell short of Wall Street expectations, overshadowing a third-quarter earnings beat driven by surging demand for its custom AI chips.
The company guided to fourth-quarter revenue of approximately $34.8 billion, below the $35.03 billion analysts had projected, sending shares lower despite otherwise strong results.
Palo Alto Networks Inc (NYSE:PANW, XETRA:5AP) shares fell 10% Wednesday even after the cybersecurity company beat expectations across key fourth-quarter metrics and issued fiscal 2027 guidance above Street estimates.
The company reported next-generation security (NGS) annual recurring revenue of $9.1 billion, up 63% year-over-year, topping the Street's $8.86 billion estimate and including nearly $1 billion in net new ARR.
Shares of Dell Technologies Inc (NASDAQ:DELL) climbed more than 10% Wednesday after the company posted broad-based earnings strength and raised its full-year guidance well above expectations, driven by surging demand for AI servers.
Fiscal second-quarter revenue was $47 billion, up 58% year over year, beating the $46 billion consensus estimate. The company guided full-year revenue to $192 billion, up from a prior outlook of $167 billion.
Ollie's Bargain Outlet (NASDAQ:OLLI) shares jumped 7.5% after the discount retailer posted second-quarter adjusted earnings that topped Wall Street estimates, even as revenue fell short of expectations.
The company reported adjusted earnings per share of $1.42, beating the average analyst estimate of $1.14 and up 43.43% from $0.99 a year earlier.
FuelCell Energy (NASDAQ:FCEL) reported a steeper third-quarter loss on Wednesday, as inventory and purchase-commitment charges tied to a new data center power agreement pushed costs above what the deal currently pays.
Revenue fell 29% year-over-year to $33 million, missing analyst estimates of $41.3 million, while adjusted loss per share came in at $0.64, wider than the $0.41 loss expected.
GitLab Inc (NASDAQ:GTLB) reported second-quarter revenue and profit that beat analyst estimates, as the company's shift toward consumption-based artificial intelligence revenue gained momentum, sending its shares up more than 14% on Wednesday morning.
The DevSecOps platform provider posted revenue of $286.3 million for the quarter, above the $273 million analysts had expected and up 21% year-over-year. Adjusted earnings per share came in at $0.24, topping estimates of $0.18.
MongoDB Inc (NASDAQ:MDB) reported stronger-than-expected second-quarter fiscal 2027 results on Tuesday, with revenue and adjusted earnings exceeding analyst estimates as the database software company continued to expand its cloud business.
Revenue for the quarter ended July 31 was $771.8 million, up 30% from $591.0 million a year earlier and above estimates ranging from $733.6 million to $735 million.
Prediction market Polymarket now puts a 57% chance on West Texas Intermediate (WTI) crude touching $95 a barrel before the end of September.
That probability has risen seven percentage points in recent trading, reflecting mounting fears over a widening confrontation between the United States and Iran.
Shares in Corero Network Security PLC (AIM:CNS, OTCQB:DDOSF) rose 10% to 8p after itech vendor secured a combined $3.9 million in new agreements to deploy its sovereign cybersecurity defences across the UK telecommunications sector and the global NeoCloud sector.
At the heart of the operational update is a pivotal five-year contract worth $3.4 million with a leading UK-based tier 1 fixed and mobile telecommunications provider.
Motorpoint Group PLC (LSE:MOTR, OTC:MTPTF, FRA:1X4), the UK's leading independent vehicle retailer, saw its shares climb 8% to 141.00p on Wednesday after issuing an unexpected trading update.
The shares were up 11.00p from Tuesday's close of 130.00p, having opened at 135.00p and reached an early high of 142.00p.