- Scott Peters
- 27 Aug, 2025
- New York City
Snowflake Inc. increased 13.2% to $226.83 after the cloud-based data storage company reported a 32% increase in revenue and the net loss shrank in the latest quarter ending on July 31.
Consolidated revenue increased to $1.14 billion from $868 million, net loss declined to $298 million from $316.9 million, and diluted losses per share decreased to 89 cents from 95 cents a year ago.
The company guided product revenue for the current quarter to range between $1.125 billion and $1.130 billion, and the company estimated full-year product revenue to reach $4.395 billion, representing 27% year-over-year growth.
The company reported a net revenue retention rate of 125% in the current quarter.
Veeva Systems Inc. fell 4.3% to $281.03 despite the provider of cloud-based software solutions for the life sciences industry reporting a 17% increase in net income in the fiscal second quarter ending on July 31.
Consolidated revenue inched higher to $789 million from $676.2 million, net income climbed to $200 million from $171 million, and diluted earnings per share soared to $1.19 from $1.04 a year ago.
The company guided third-quarter revenue to be between $790 million and $793 million, adjusted operating income between $348 million and $350 million, and adjusted diluted earnings per share between $1.94 and $1.95.
Veeva’s full-year guidance is total revenue between $3.13 billion and $3.14 billion, non-GAAP operating income expected to be $1.388 billion, and non-GAAP diluted earnings per share expected to be $7.78.
Veeva is rapidly progressing with industry-specific AI, with initial AI agents launching in December and broader rollouts through 2027.
Williams Sonoma Inc. decreased 0.08% to $192.01 despite the specialty retailer of products for the home reporting a 14% rise in its earnings in the latest quarter ending on August 3.
Consolidated revenue edged higher to $1.84 billion from $1.79 billion, net income advanced to $247.6 million from $216.9 million, and diluted earnings per share rose to $2.00 from $1.67 a year ago.
During the second quarter, Williams-Sonoma returned $280 million to shareholders, including $199 million in share repurchases and $81 million in dividends, with $903 million remaining under the current repurchase program.
Merchandise inventories rose 17.7% to $1.4 billion, reflecting early receipts to offset expected 2025 tariffs.
Comparable brand revenue increased by 3.7% from a year ago.
The retailer estimated a fiscal 2025 net revenue increase between 0.5% and 3.5%, including the impact of the 53rd week in fiscal 2024, with comparable sales up 2.0% to 5.0%.
However, higher revenue may not translate into higher earnings because of the sharp escalation in import duties imposed by the Trump administration.
The company reiterated its fiscal 2025 operating margin guidance of 17.4% to 17.8% and added that it will revisit it if tariff conditions materially change.
- Akira Ito
- 28 Aug, 2025
- Tokyo
Japan's stock market indexes rebounded from the losses in the previous two sessions.
The Nikkei 225 Stock Average and the Topix advanced 0.7%, following a rebound in semiconductor equipment makers.
Nvidia, the AI leader, reported stronger-than-expected earnings and revenue, but the company said it lost $4 billion in revenue because of the U.S. and China trade restrictions.
Investors overlooked the ongoing trade uncertainty with the U.S., and Japan's chief trade negotiator, Ryosei Akazawa, canceled a planned trip to Washington, D.C.
Japan and the U.S. have yet to finalize details of the trade agreement and the operational details of Japan's investment of $500 billion in the U.S.
Investors are looking forward to economic updates on retail sales, industrial production, consumer confidence,
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 0.7% to 42,817.61, and the broader Topix advanced 0.7% to 3,089.63.
Tokyo Electron advanced 2% to ¥20,750.0, Advantest Corp. rose 1.4% to ¥11,560.0, and Disco Corp. increased 1% to ¥41,350.0.
SoftBank Group Corp. gained 3.2% to ¥15,910.0, and Nintendo Co. Ltd. advanced 0.4% to ¥13,430.0.
Sanrio Co. Ltd advanced 3.6% to ¥7,717.0, and Fujikura Ltd. jumped 5.5% to ¥12,320.0.
- Akira Ito
- 28 Aug, 2025
- Tokyo
Japan's stock market indexes rebounded from the losses in the previous two sessions.
The Nikkei 225 Stock Average and the Topix advanced 0.7%, following a rebound in semiconductor equipment makers.
Nvidia, the AI leader, reported stronger-than-expected earnings and revenue, but the company said it lost $4 billion in revenue because of the U.S. and China trade restrictions.
Investors overlooked the ongoing trade uncertainty with the U.S., and Japan's chief trade negotiator, Ryosei Akazawa, canceled a planned trip to Washington, D.C.
Japan and the U.S. have yet to finalize details of the trade agreement and the operational details of Japan's investment of $500 billion in the U.S.
Investors are looking forward to economic updates on retail sales, industrial production, consumer confidence,
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 0.7% to 42,817.61, and the broader Topix advanced 0.7% to 3,089.63.
Tokyo Electron advanced 2% to ¥20,750.0, Advantest Corp. rose 1.4% to ¥11,560.0, and Disco Corp. increased 1% to ¥41,350.0.
SoftBank Group Corp. gained 3.2% to ¥15,910.0, and Nintendo Co. Ltd. advanced 0.4% to ¥13,430.0.
Sanrio Co. Ltd advanced 3.6% to ¥7,717.0, and Fujikura Ltd. jumped 5.5% to ¥12,320.0.
- Akira Ito
- 28 Aug, 2025
- Tokyo
Japan's stock market indexes rebounded from the losses in the previous two sessions.
The Nikkei 225 Stock Average and the Topix advanced 0.7%, following a rebound in semiconductor equipment makers.
Nvidia, the AI leader, reported stronger-than-expected earnings and revenue, but the company said it lost $4 billion in revenue because of the U.S. and China trade restrictions.
Investors overlooked the ongoing trade uncertainty with the U.S., and Japan's chief trade negotiator, Ryosei Akazawa, canceled a planned trip to Washington, D.C.
Japan and the U.S. have yet to finalize details of the trade agreement and the operational details of Japan's investment of $500 billion in the U.S.
Investors are looking forward to economic updates on retail sales, industrial production, consumer confidence,
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 0.7% to 42,817.61, and the broader Topix advanced 0.7% to 3,089.63.
Tokyo Electron advanced 2% to ¥20,750.0, Advantest Corp. rose 1.4% to ¥11,560.0, and Disco Corp. increased 1% to ¥41,350.0.
SoftBank Group Corp. gained 3.2% to ¥15,910.0, and Nintendo Co. Ltd. advanced 0.4% to ¥13,430.0.
Sanrio Co. Ltd advanced 3.6% to ¥7,717.0, and Fujikura Ltd. jumped 5.5% to ¥12,320.0.
- Akira Ito
- 28 Aug, 2025
- Tokyo
Japan's stock market indexes rebounded from the losses in the previous two sessions.
The Nikkei 225 Stock Average and the Topix advanced 0.7%, following a rebound in semiconductor equipment makers.
Nvidia, the AI leader, reported stronger-than-expected earnings and revenue, but the company said it lost $4 billion in revenue because of the U.S. and China trade restrictions.
Investors overlooked the ongoing trade uncertainty with the U.S., and Japan's chief trade negotiator, Ryosei Akazawa, canceled a planned trip to Washington, D.C.
Japan and the U.S. have yet to finalize details of the trade agreement and the operational details of Japan's investment of $500 billion in the U.S.
Investors are looking forward to economic updates on retail sales, industrial production, consumer confidence,
Japan Indexes and Stocks
The Nikkei 225 Stock Average rose 0.7% to 42,817.61, and the broader Topix advanced 0.7% to 3,089.63.
Tokyo Electron advanced 2% to ¥20,750.0, Advantest Corp. rose 1.4% to ¥11,560.0, and Disco Corp. increased 1% to ¥41,350.0.
SoftBank Group Corp. gained 3.2% to ¥15,910.0, and Nintendo Co. Ltd. advanced 0.4% to ¥13,430.0.
Sanrio Co. Ltd advanced 3.6% to ¥7,717.0, and Fujikura Ltd. jumped 5.5% to ¥12,320.0.
- Li Chen
- 28 Aug, 2025
- Hong Kong
Hong Kong stocks fell on Thursday amid a cloudy earnings outlook and looming trade uncertainty.
The Hang Seng index decreased 0.7%, but the mainland-focused CSI 300 index gained 0.6% amid sustained buying by domestic state-controlled investment arms.
The food delivery company, Meituan, reported sharply weaker quarterly results after the company was caught up in a price war.
The ongoing price war in delivery services and solar panel, electric vehicle, and storage battery markets has put financial pressures on several Chinese companies.
Moreover, the sharp rise in the U.S. import duties has added to uncertainty and volatility in sales, leading to widespread disruptions in operations.
China Indexes and Stocks
The Hang Seng Index decreased 0.7% to 25,035.78, and the mainland-focused CSI 300 index advanced 0.6% to 4,416.20.
Meituan dropped 11% to HK $103.10, and the food delivery company reported a plunge in earnings in the second quarter.
Revenue in the quarter increased 12% to 91.8 billion yuan from 82.3 billion yuan, and net income dropped 97% to 356.3 billion yuan (about $51 million) from 11.4 billion yuan a year ago.
The fierce competition in the delivery services has forced the company to lower its prices, matching the price cuts by the rivals JD.com and Alibaba Group.
Delivery services revenue advanced 2.8%, commissions increased 16%, and online marketing services rose 10.4%, driving the overall revenue higher by 11.7%.
Electric vehicle markets traded down ahead of earnings on the worry that the ongoing price war could crimp the margins for the leading players.
Li Auto Inc. decreased 3.8% to HK $87.90, BYD fell 3.3% to HK $111.30, and Xpeng Inc. fell 8.7% to HK $84.45.
Trip.com Group Ltd. advanced 7.4% to HK $550.50, and the online travel booking platform operator reported a 26% increase in net income in the second quarter to 4.8 billion yuan.
Cambricon Technologies Corp. edged up 6.1% to ¥1,457.0 and extended gains for the second day following a surge in revenue.
Overnight, the AI leader Nvidia reported a sharp jump in revenue and earnings, but the advanced chipmaker said it lost about $4 billion in revenue because of the U.S. and China trade restrictions.
Jiaxin International Resources Investment soared more than 130% to HK $25.440, and the tungsten mining company completed its initial public offering.
The mining company priced its offering at HK $10.92 per share and raised gross proceeds of HK $1.2 billion through the sale of 109.8 million shares.
The company, with exclusive tungsten mining interests in the Almaty region of Kazakhstan, started trading on the Astana International Exchange on Thursday.