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Ross Stores ROST Q1 2026 Earnings Transcript
Motley Fool102d agoneutral
Ross Stores ROST Q1 2026 Earnings Transcript

Joining me on our call today are Michael J. Hartshorn, Group President and Chief Operating Officer William Sheehan, Executive Vice President and Chief Financial Officer and Connie Kao, Senior Vice President, Investor Relations. First quarter 26 operating margin expanded 120 basis points to 13.4% compared to last year's 12.2% significantly exceeded our expectations.

Zoom raises annual forecasts, banks on AI features to drive demand
Reuters102d agoneutral
Zoom raises annual forecasts, banks on AI features to drive demand

Zoom Communications raised its annual revenue and profit forecasts on Thursday, ‌betting on strong demand for its ‌AI features as the video conferencing platform looks to shore ​up enterprise and consumer spending. Shares of the company were up more than 7% in extended trading. Zoom has been extensively integrating AI tools, including ‌agents and companions, ⁠into its video meeting and communication services, to boost its appeal and ⁠attract more enterprise customers.

Canadian regulator triples US streamers' financial contributions to Canadian content
Associated Press102d agoneutral
Canadian regulator triples US streamers' financial contributions to Canadian content

Large online streaming services must contribute 15% of their Canadian revenues to Canadian content, the country's federal broadcast regulator said Thursday. The CRTC made the decision as part of its implementation of the Online Streaming Act, which the U.S. has identified as a trade irritant ahead of trade negotiations with Canada. “The total contributions are expected to stabilize the funding at more than $2 billion in support of Canadian and Indigenous content, such as French-language content and news,” the regulator said in a press release.

Snowflake (SNOW) Price Targets Adjusted Ahead of Earnings
Insider Monkey102d agoneutral
Snowflake (SNOW) Price Targets Adjusted Ahead of Earnings

Snowflake Inc. (NYSE:SNOW) is one of the 10 AI Stocks That Are About to Explode. On May 19, Benchmark increased its price target on Snowflake Inc. (NYSE:SNOW) from $190 to $200 and kept its Buy rating. The research firm expects the company to report product revenue and operating income above market expectations. Benchmark noted that […]

Trading Day: IPO, IPO, it's off to work we go
Reuters102d agoneutral
Trading Day: IPO, IPO, it's off to work we go

By Jamie McGeever ORLANDO, Florida, May 21 (Reuters) - U.S. stocks ended a choppy session on Thursday in the green, lifted by optimism that a U.S.-Iran peace deal is close at hand, while investors

NVIDIA confirms AI boom, but Iran fears are clouding market
TheStreet102d agoneutral
NVIDIA confirms AI boom, but Iran fears are clouding market

I think NVIDIA (NVDA) is a good buy today. The company posted solid beats on the top and bottom line and maintained strong profit margins. Their forecast for growth exceeded estimates. They raised their dividend and announced an $80 billion share buyback program. As we've seen in the ...

Heard on the Street Recap: Peace Signs
The Wall Street Journal102d agoneutral
Heard on the Street Recap: Peace Signs

Nvidia closed 1.8% lower. The chip giant reported record sales and income that beat analyst expectations, driven by demand for data-center computing and the rise of AI agents. Nvidia’s stock is up 67% over the past 12 months, making it the largest publicly listed company in the world, with a market value of nearly $5.4 trillion.

Spaceships, Quantum Chips Woo Investors Away From Consumer Concerns
The Wall Street Journal102d agoneutral
Spaceships, Quantum Chips Woo Investors Away From Consumer Concerns

Spaceships and quantum chips are becoming the latest objects of investors’ fascination—and the latest opportunity to exist in a world away from warning signs about U.S. consumers and fickle peace talks between the U.S. and Iran. Taken together, there is a sharpening contrast in markets between the wartime inflation surge and the promise of AI, aerospace, and emerging tech—which benefited Thursday from Nvidia strong earnings, federal investment in quantum computing and SpaceX’s leap toward the biggest IPO in history. “It’s really a dichotomy when you look at the consumer,” said Ken Mahoney, chief executive of Mahoney Asset Management.

Take-Two sticks with 'GTA VI' launch timeline, forecasts annual bookings below estimates
Reuters102d agoneutral
Take-Two sticks with 'GTA VI' launch timeline, forecasts annual bookings below estimates

Take-Two Interactive forecast annual bookings below Wall Street expectations on Thursday, but reiterated the November ‌19 launch date for the highly awaited "Grand Theft ‌Auto VI," sending its shares up around 8% in extended trading. Investors and analysts ​are keeping a close watch on the launch of "GTA VI", as the title is expected to be a cash cow for Take-Two, potentially selling millions of copies and bringing in billions ‌in revenue within days ⁠of launch. Even as the ​firm faces ​strong competition from rival publishers ​Electronic Arts and Microsoft's ‌Activision Blizzard, "GTA VI" is expected to stand out due to the immense popularity of the franchise and the track record of Rockstar Games, a unit of Take-Two and the game's developer.