Zoom (ZM): The company lowered its fourth-quarter and full-year revenue guidance, sending shares down more than 4% in extended trading. Zoom sees fourth-quarter revenue of $1.10 billion to $1.11 billion, lower than Wall Street’s estimate of $1.12 billion. Zoom sees annual revenue of $4.37 billion to $4.38 billion, lower than previous guidance of $4.39 billion to $4.40 billion. For the third quarter, Zoom reported adjusted earnings of $1.07 per share on $1.10 billion in revenue.
Urban Outfitters (URBN): The retailer’s third-quarter sales beat estimates, pushing shares higher in after-hours trading. Sales for the three-month period were up 3.9% from a year ago to a record $1.18 billion. Comparable store sales in the retail segment were up 4%, with double analysts estimating 2% growth. CEO Richard Hayne noted that demand looks strong for the current quarter, writing in the company’s earnings release: “As we approach the all-important Black Friday/Cyber Monday weekend, we are encouraged by the sales to date. “
Dell (DELL): The company posted better-than-expected third-quarter earnings, both on the top and bottom lines, but fourth-quarter expectations weighed on stocks in extended trading. Dell expects fourth-quarter revenue of $23 billion to $24 billion, below the street estimate of $24.87 billion.
For the third quarter, adjusted earnings were $2.30 per share on revenue of $24.72 billion.
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