scaling (ZM): The company cut its fourth-quarter and full-year revenue guidance, sending shares down more than 4% in extended trading. Zoom forecast fourth-quarter revenue of $1.10 billion to $1.11 billion, short of Wall Street’s estimate of $1.12 billion. Zoom forecast full-year revenue of $4.37 billion to $4.38 billion, down from a previous forecast of $4.39 billion to $4.40 billion. For the third quarter, Zoom reported adjusted earnings of $1.07 per share on revenue of $1.10 billion.
Urban Outfitters (URBN): To the retailer third quarter sales beat estimates, sending shares higher in after-hours trading. Sales for the quarter rose 3.9% from a year earlier to a record $1.18 billion. Comparable retail sales rose 4%, twin analysts’ estimates of 2% growth. CEO Richard Hein noted that demand looks strong for the current quarter, writing in the company’s earnings release, “As we head into the all-important Black Friday/Cyber Monday weekend, we are encouraged by quarter-to-date sales.”
Dell (DELL): The company published better-than-expected third-quarter earnings on both the top and bottom lines, but fourth-quarter guidance weighed on stocks in extended trade. Dell forecast fourth-quarter revenue of $23 billion to $24 billion, down from a forecast of $24.87 billion.
For the third quarter, adjusted earnings were $2.30 per share on revenue of $24.72 billion.