Shares of Paychex Inc. (PAYX) dropped 2% in premarket trading on Thursday, despite the company surpassing profit expectations for the fiscal second quarter. While their net income increased to $392.7 million ($1.08 per share) compared to $360.3 million (99 cents per share) in the same period last year, the company's revenue fell slightly short due to cost and labor market … [Read more...] about Paychex Inc. Beats Profit Expectations in Q2
Q2 earnings
CarMax Reports Decline in Q2 Earnings
CarMax Inc.'s stock (KMX) experienced a 6.5% decline in premarket trade on Thursday following the release of its second-quarter earnings report. The Richmond, Va.-based used car retailer faced continued pressure within the sector, resulting in a decrease in net income compared to the same period last year. For the quarter ending on August 31, CarMax reported a net income of … [Read more...] about CarMax Reports Decline in Q2 Earnings
Okta Narrows Losses and Sees Revenue Jump in Q2
By Sabela Ojea In the fiscal second quarter ending on July 31, Okta, the digital identity verification provider, showed promising results with a significant reduction in losses and a surge in subscription revenue. The company reported a net loss of $111 million, or 68 cents per share, compared to a loss of $210 million, or $1.34 per share, in the same period the previous … [Read more...] about Okta Narrows Losses and Sees Revenue Jump in Q2
Meituan Reports Net Profit in Q2
Chinese tech company Meituan announced on Thursday that it had recorded a net profit in the second quarter, largely due to the increased demand for food delivery services. The company reported a net profit of 4.69 billion yuan ($644.4 million) for the period ending in June, a significant improvement from the net loss of CNY 1.12 billion it experienced during the same period … [Read more...] about Meituan Reports Net Profit in Q2
ArcelorMittal Reports Lower Q2 Earnings
By Pierre Bertrand ArcelorMittal, the Luxembourg-based steelmaker, announced a decrease in second-quarter earnings due to a decline in steel shipments and lower average steel selling prices. The company reported $1.86 billion in net profit for the quarter, a significant decrease from the prior year's $3.92 billion, with revenue falling by 16% to $18.61 billion. Earnings before … [Read more...] about ArcelorMittal Reports Lower Q2 Earnings
