A number of companies across the retail and tech landscape reported quarterly earnings this week. Yahoo Finance spoke to experts across the industry to discuss Dollar Tree (DLTR), Foot Locker (FL), Salesforce (CRM), Snowflake (SNOW), and Workday (WDAY). Here is everything investors need to know, including the winners and losers from this week's results. Dollar Tree (00:00:03) Brad Thomas, KeyBanc Capital Markets Managing Director, remains positive on Dollar Tree's outlook after the company's quarterly results. Thomas said, "That fourth quarter guidance from an earnings standpoint was certainly encouraging, driven primarily by ongoing strength that the Dollar Tree banner continues to show some nice share gains." Foot Locker (00:00:35) Janine Stichter, BTIG Consumer Retail and Lifestyle Brands Analyst and Managing Director, discussed the possible growth opportunities for Foot Locker, despite concerns over consumer spending and inventory levels. Stichter explained, "Whereas for most companies who've reported through the Q3 reporting cycle saw a deceleration from August into September into October, Foot Locker saw the opposite." Salesforce (00:01:09) Essex Investment Management Co-CEO Nancy Prial thinks that Salesforce is showing progress, backed by its development of AI technology. Prial said, "We've got the very beginnings of their entry into really using AI technology and using generative AI to allow their customers to really monetize and get a lot more value out of all of the data that's embedded in their CRM systems." Snowflake (00:01:36) Yahoo Finance's Julie Hyman broke down Snowflake's quarterly earnings, highlighted by product revenue growing 34 percent year-over-year. Hyman said, "We're still seeing from these big companies, pretty impressive growth." Workday (00:01:54) Mizuho Managing Director Siti Panigrahi had a positive outlook after Workday's Q3 earnings. Panigrahi said, "They're exhibiting well with new management, new CEO, new CFO. I think the company is executing really well." Video highlights: 00:00:03 - Brad Thomas, KeyBanc Capital Markets Managing Director 00:00:35 - Janine Stichter, BTIG Consumer Retail and Lifestyle Brands Analyst and Managing Director 00:01:09 - Essex Investment Management Co-CEO Nancy Prial 00:01:36 - Yahoo Finance's Julie Hyman 00:01:54 - Mizuho Managing Director Siti Panigrah
After easily surpassing their quarterly earnings expectations on Wednesday a few top-rated Zacks stocks are rising in today's trading session.
Business software specialist Snowflake (NYSE: SNOW) easily beat quarterly earnings expectations and provided an upbeat outlook for the quarters to come. Is Snowflake stock a buy after the company's strong quarter?