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Salesforce, Okta, UBS, Chewy, Palantir, CrowdStrike and more stock market engines

Sales force

(CRM), the provider of cloud-based business software, reported second quarter earnings which beat analysts’ estimates and issued an outlook for the third quarter and fiscal year that also beat forecasts.

Sales force

It said it expects adjusted earnings for the fiscal year of $8.04 to $8.06 per share on revenue of $34.7 billion to $34.8 billion. Analysts had forecast a profit of $7.42 per share on revenue of $34.7 billion. The stock rose 5.5% in premarket trading.


(OKTA) shares rose 11% after the identity management software company reported better-than-expected adjusted earnings and revenue in the second quarter and said it saw signs of stabilization in information technology spending.


It raised its forecast for the fiscal year, saying it expects adjusted earnings to $1.17 to $1.20 per share on revenue of $2.21 billion to $2.22 billion. Analysts had expected earnings of 91 cents a share on revenue of $2.18 billion.

usb group

(UBS) gained 4.2% after the Swiss bank reported a second quarter net profit of $29 billion following the integration of Credit Suisse, the former rival acquired in June.

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(CHWY), the online seller of pet food and accessories, reported a second quarter surprise profit and higher-than-expected sales. The company ended the quarter with 20.4 million active customers, matching expectations but falling from a year earlier.


It said it expects third-quarter net sales of between $2.74 billion and $2.76 billion, below expectations of $2.79 billion. Chewy’s shares fell 5.8%.

Palantir Technologies

(PLTR) fell 4.3% to $15.63 after

Morgan Stanley

downgraded the data analytics software company’s stock to Underweight from Equal Weight. Analysts raised the price target to $9 from $8.

strike crowd

(CRWD) earned 74 cents per share on an adjusted basis in the second quarter, higher than analyst expectations of 56 cents. Revenue increased to $731.6 million from $535.2 million and was also above estimates. Annual recurring revenue was $2.93 billion, an increase of 37%. The cybersecurity company raised its outlook for the fiscal year and the stock rose 1.7%.

Arista Networks

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(ANET) was up 1.8% at $190.50 after Citi analysts upgraded the data center networking hardware provider to Buy from Neutral and raised the price target to $220 from $177.

victoria’s secret

(VSCO) was down 5.5% in premarket trading after reporting a surprise second-quarter loss and forecasting fiscal-year sales to decline in the single-digit range from a year earlier.

five down

(FIVE) fell 6% after the discount retailer adjusted guidance for the fiscal year to “reflect an anticipated increase in shrinkage stocks,” the industry term for merchandise theft and damage. The company said earnings for the fiscal year were expected to be in the range of $5.27 to $5.55 per share. Five Below’s sales outlook was unchanged.

costco wholesale

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(COST) said same-store sales rose 3.4% in August. The United States was the weakest market for the retailer, with comparable sales up just 2.8%. E-commerce sales fell 2.5%. Shares rose 0.3%.

Write Joe Woelfel at

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