Market-Moving News for August 31st
Portfolio Pulse from ryanfaloona@benzinga.com
Salesforce and Okta shares are trading higher after both companies reported better-than-expected Q2 financial results and issued Q3 and FY24 adjusted EPS and revenue guidance above estimates. Chewy shares are trading lower after the company reported Q2 financial results.
August 31, 2023 | 12:37 pm
News sentiment analysis
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NEGATIVE IMPACT
Chewy shares are trading lower after the company reported Q2 financial results.
Chewy's Q2 results seem to have disappointed investors, leading to a drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Salesforce shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 and FY24 adjusted EPS and revenue guidance above estimates.
Salesforce's better-than-expected Q2 results and positive future guidance are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Okta shares are trading higher after the company reported better-than-expected Q2 financial results, issued Q3 adjusted EPS and total revenue guidance above estimates and raised FY24 adjusted EPS and total revenue guidance above estimates.
Okta's better-than-expected Q2 results and positive future guidance are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100