China Stocks Meandered and Industrial Profit Growth Slowed

Stocks in China and Hong Kong meandered following a three-day rally, and investors continued to favor high-priced technology stocks. 

The Hang Seng Index gained 0.3%, and the mainland-focused CSI 300 index edged up 0.4% as investors held out for supporting measures from policymakers. 

On the economic front, profit at large industrial firms declined 5.5% from a year ago in October, according to the National Bureau of Statistics. 

In the ten-month period to October, profit increased to 5.95 trillion yuan, a growth slowdown to 1.9% from a 3.2% rise in the previous 9-month period amid softening demand and persistent price pressures. 

Profit growth at private companies slowed to a 1.9% increase compared to a 5.1% rise, and at the state-owned companies, it was flat from a 0.3% fall in the previous period, respectively. 

China Indexes and Stocks 

The Hang Seng Index increased 0.3% to 26,014.98, and the CSI 300 index advanced 0.3% to 4,531.83. 

Alibaba Group decreased 2.3% to HK $151.20 and extended its decline for the second consecutive day after the company's quarterly results failed to inspire investors.

Quantgroup Holding soared 112% to HK $20.90 after the digital services provider listed its stock on the Hong Kong Stock Exchange. 

Quantgroup priced its public offering of 13.34 million shares at a price of HK $9.80 per share and raised gross proceeds of HK $130.81 million.  

U.S. Movers: Dell Technologies, HP, Urban Outfitters

Dell Technologies jumped 2.8% to $129.50 after the company's fourth-quarter sales outlook overwhelmed weaker-than-expected results in the third quarter. 

Revenue increased 11% to $27.0 billion from $24.4 billion, net income advanced 32% from $1.5 billion to $1.1 billion, and diluted earnings per share increased 39% to $2.28 from $1.64 a year ago. 

“AI momentum is accelerating in the second half of the year, leading to record AI server orders of $12.3 billion and an unprecedented $30 billion in orders year to date,” said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies.

Dell Technologies returned $1.6 billion to shareholders in the third quarter through share repurchases and dividends. Year to date, the company has returned $5.3 billion to shareholders and repurchased over 39 million shares. 

The company guided sales in the full-year fiscal 2026 ending in January 2026 to fall between $111.2 billion and $112.2 billion, an increase of 17% from a year ago. 

Dell Technologies estimated full-year fiscal 2026 diluted earnings per share of $8.38 at the midpoint, up 31% year over year, and adjusted earnings per share of $9.92 at the midpoint, an increase of 32%. 

Urban Outfitters jumped 19% to $81.34, and the specialty apparel retailer reported stronger-than-expected third-quarter results. 

Revenue increased 12.3% to $1.5 billion from $1.4 billion, net income advanced to $116.4 million from $102.9 million, and diluted earnings per share rose to $1.28 from $1.10 a year ago. 

Total retail segment net sales jumped 9.6%, with comparable retail segment net sales advancing 8.0%. 

The increase in comparable net sales was driven by "high single-digit positive growth" in both online and store sales. 

Comparable retail segment net sales increased 12.5% at Urban Outfitters, 7.6% at Anthropologie, and 4.1% at Free People. 

Subscription segment net sales increased by 48.7%, primarily driven by a 42.2% increase in average active subscribers from a year ago. 

Of the company's 20 million stock repurchase plan, 14.7 million remained under the program.

HP Inc. decreased 6% to $22.97 after the company's outlook fell short of expectations and reported weaker-than-expected fiscal fourth-quarter results ending in October. 

Revenue increased 3.2% to $14.6 billion from $14.1 billion, net income decreased $795 million from $906 million, and diluted earnings per share declined to 84 cents from 93 cents a year ago. 

HP estimated fiscal 2026 first-quarter diluted earnings per share to be in the range of 58 cents to 66 cents, and for the full year between $2.47 and $2.77.  

HP stock faced selling pressure after the company announced a broad restructuring plan with gross cost savings of $1 billion by the end of fiscal 2028 and cut its workforce by 10%. The company said it will take a one-time charge of $650 million for restructuring and other charges. 

U.S. Movers: Dell Technologies, HP, Urban Outfitters

Dell Technologies jumped 2.8% to $129.50 after the company's fourth-quarter sales outlook overwhelmed weaker-than-expected results in the third quarter. 

Revenue increased 11% to $27.0 billion from $24.4 billion, net income advanced 32% from $1.5 billion to $1.1 billion, and diluted earnings per share increased 39% to $2.28 from $1.64 a year ago. 

“AI momentum is accelerating in the second half of the year, leading to record AI server orders of $12.3 billion and an unprecedented $30 billion in orders year to date,” said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies.

Dell Technologies returned $1.6 billion to shareholders in the third quarter through share repurchases and dividends. Year to date, the company has returned $5.3 billion to shareholders and repurchased over 39 million shares. 

The company guided sales in the full-year fiscal 2026 ending in January 2026 to fall between $111.2 billion and $112.2 billion, an increase of 17% from a year ago. 

Dell Technologies estimated full-year fiscal 2026 diluted earnings per share of $8.38 at the midpoint, up 31% year over year, and adjusted earnings per share of $9.92 at the midpoint, an increase of 32%. 

Urban Outfitters jumped 19% to $81.34, and the specialty apparel retailer reported stronger-than-expected third-quarter results. 

Revenue increased 12.3% to $1.5 billion from $1.4 billion, net income advanced to $116.4 million from $102.9 million, and diluted earnings per share rose to $1.28 from $1.10 a year ago. 

Total retail segment net sales jumped 9.6%, with comparable retail segment net sales advancing 8.0%. 

The increase in comparable net sales was driven by "high single-digit positive growth" in both online and store sales. 

Comparable retail segment net sales increased 12.5% at Urban Outfitters, 7.6% at Anthropologie, and 4.1% at Free People. 

Subscription segment net sales increased by 48.7%, primarily driven by a 42.2% increase in average active subscribers from a year ago. 

Of the company's 20 million stock repurchase plan, 14.7 million remained under the program.

HP Inc. decreased 6% to $22.97 after the company's outlook fell short of expectations and reported weaker-than-expected fiscal fourth-quarter results ending in October. 

Revenue increased 3.2% to $14.6 billion from $14.1 billion, net income decreased $795 million from $906 million, and diluted earnings per share declined to 84 cents from 93 cents a year ago. 

HP estimated fiscal 2026 first-quarter diluted earnings per share to be in the range of 58 cents to 66 cents, and for the full year between $2.47 and $2.77.  

HP stock faced selling pressure after the company announced a broad restructuring plan with gross cost savings of $1 billion by the end of fiscal 2028 and cut its workforce by 10%. The company said it will take a one-time charge of $650 million for restructuring and other charges. 

U.S. Stocks Flatlined After 2-Day Surge In AI Stocks

In early trading, Wall Street indexes showed little movement after advancing back-to-back sessions.

The S&P 500 index and the Nasdaq Composite flatlined, gold edged higher, and crude oil retained its downward bias.

Investors returned to increase exposure to high-flying stocks after setting aside concerns about the AI stock's lofty valuations. 

Google parent Alphabet Inc. soared as much as 5% on a report that Meta Platforms is considering implementing the search company's TPU chip in 2027.

Sharp advances in tech stocks lifted broader averages, and Alphabet extended its string of new record highs this month to 13. 

Wall Street indexes are likely to trade sideways over the next five weeks amid a lack of meaningful catalysts. The Fed's possible rate cut in December is already factored into the current market valuation, providing a limited upside to benchmark indexes.

U.S. Stock Movers 

Dell Technologies jumped 2.8% to $129.50 after the company's fourth-quarter sales outlook overwhelmed weaker-than-expected results in the third quarter. 

Revenue increased 11% to $27.0 billion from $24.4 billion, net income advanced 32% from $1.5 billion to $1.1 billion, and diluted earnings per share increased 39% to $2.28 from $1.64 a year ago. 

“AI momentum is accelerating in the second half of the year, leading to record AI server orders of $12.3 billion and an unprecedented $30 billion in orders year to date,” said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies.

Dell Technologies returned $1.6 billion to shareholders in the third quarter through share repurchases and dividends. Year to date, the company has returned $5.3 billion to shareholders and repurchased over 39 million shares. 

The company guided sales in the full-year fiscal 2026 ending in January 2026 to fall between $111.2 billion and $112.2 billion, an increase of 17% from a year ago. 

Dell Technologies estimated full-year fiscal 2026 diluted earnings per share of $8.38 at the midpoint, up 31% year over year, and adjusted earnings per share of $9.92 at the midpoint, an increase of 32%. 

Urban Outfitters jumped 19% to $81.34, and the specialty apparel retailer reported stronger-than-expected third-quarter results. 

Revenue increased 12.3% to $1.5 billion from $1.4 billion, net income advanced to $116.4 million from $102.9 million, and diluted earnings per share rose to $1.28 from $1.10 a year ago. 

Total retail segment net sales jumped 9.6%, with comparable retail segment net sales advancing 8.0%. 

The increase in comparable net sales was driven by "high single-digit positive growth" in both online and store sales. 

Comparable retail segment net sales increased 12.5% at Urban Outfitters, 7.6% at Anthropologie, and 4.1% at Free People. 

Subscription segment net sales increased by 48.7%, primarily driven by a 42.2% increase in average active subscribers from a year ago. 

Of the company's 20 million stock repurchase plan, 14.7 million remained under the program.

HP Inc. decreased 6% to $22.97 after the company's outlook fell short of expectations and reported weaker-than-expected fiscal fourth-quarter results ending in October. 

Revenue increased 3.2% to $14.6 billion from $14.1 billion, net income decreased $795 million from $906 million, and diluted earnings per share declined to 84 cents from 93 cents a year ago. 

HP estimated fiscal 2026 first-quarter diluted earnings per share to be in the range of 58 cents to 66 cents, and for the full year between $2.47 and $2.77.  

HP stock faced selling pressure after the company announced a broad restructuring plan with gross cost savings of $1 billion by the end of fiscal 2028 and cut its workforce by 10%. The company said it will take a one-time charge of $650 million for restructuring and other charges. 

U.S. Stocks Flatlined After 2-Day Surge In AI Stocks

In early trading, Wall Street indexes showed little movement after advancing back-to-back sessions.

The S&P 500 index and the Nasdaq Composite flatlined, gold edged higher, and crude oil retained its downward bias.

Investors returned to increase exposure to high-flying stocks after setting aside concerns about the AI stock's lofty valuations. 

Google parent Alphabet Inc. soared as much as 5% on a report that Meta Platforms is considering implementing the search company's TPU chip in 2027.

Sharp advances in tech stocks lifted broader averages, and Alphabet extended its string of new record highs this month to 13. 

Wall Street indexes are likely to trade sideways over the next five weeks amid a lack of meaningful catalysts. The Fed's possible rate cut in December is already factored into the current market valuation, providing a limited upside to benchmark indexes.

U.S. Stock Movers 

Dell Technologies jumped 2.8% to $129.50 after the company's fourth-quarter sales outlook overwhelmed weaker-than-expected results in the third quarter. 

Revenue increased 11% to $27.0 billion from $24.4 billion, net income advanced 32% from $1.5 billion to $1.1 billion, and diluted earnings per share increased 39% to $2.28 from $1.64 a year ago. 

“AI momentum is accelerating in the second half of the year, leading to record AI server orders of $12.3 billion and an unprecedented $30 billion in orders year to date,” said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies.

Dell Technologies returned $1.6 billion to shareholders in the third quarter through share repurchases and dividends. Year to date, the company has returned $5.3 billion to shareholders and repurchased over 39 million shares. 

The company guided sales in the full-year fiscal 2026 ending in January 2026 to fall between $111.2 billion and $112.2 billion, an increase of 17% from a year ago. 

Dell Technologies estimated full-year fiscal 2026 diluted earnings per share of $8.38 at the midpoint, up 31% year over year, and adjusted earnings per share of $9.92 at the midpoint, an increase of 32%. 

Urban Outfitters jumped 19% to $81.34, and the specialty apparel retailer reported stronger-than-expected third-quarter results. 

Revenue increased 12.3% to $1.5 billion from $1.4 billion, net income advanced to $116.4 million from $102.9 million, and diluted earnings per share rose to $1.28 from $1.10 a year ago. 

Total retail segment net sales jumped 9.6%, with comparable retail segment net sales advancing 8.0%. 

The increase in comparable net sales was driven by "high single-digit positive growth" in both online and store sales. 

Comparable retail segment net sales increased 12.5% at Urban Outfitters, 7.6% at Anthropologie, and 4.1% at Free People. 

Subscription segment net sales increased by 48.7%, primarily driven by a 42.2% increase in average active subscribers from a year ago. 

Of the company's 20 million stock repurchase plan, 14.7 million remained under the program.

HP Inc. decreased 6% to $22.97 after the company's outlook fell short of expectations and reported weaker-than-expected fiscal fourth-quarter results ending in October. 

Revenue increased 3.2% to $14.6 billion from $14.1 billion, net income decreased $795 million from $906 million, and diluted earnings per share declined to 84 cents from 93 cents a year ago. 

HP estimated fiscal 2026 first-quarter diluted earnings per share to be in the range of 58 cents to 66 cents, and for the full year between $2.47 and $2.77.  

HP stock faced selling pressure after the company announced a broad restructuring plan with gross cost savings of $1 billion by the end of fiscal 2028 and cut its workforce by 10%. The company said it will take a one-time charge of $650 million for restructuring and other charges. 

U.S. Movers: Interpublic Group, SanDisk, Zoom Communication

SanDisk Corp. jumped 1.9% to $231.16 after the S&P Dow Jones Indices said it will include the electronic storage company in the S&P 500 index, replacing Interpublic Group. 

Zoom Communication Inc. advanced 4% to $82.25 after the video application company reported stronger-than-expected fiscal third-quarter results. 

Revenue in the quarter rose 4.4% to $1.23 billion from $1.18 billion, net income soared to $612.8 million from $207.1 million, and diluted earnings per share advanced to $2.01 from 66 cents a year ago. 

Zoom estimated fiscal fourth quarter revenue to range between $1.230 billion and $1.235 billion, and adjusted diluted earnings per share between $1.48 and $1.49. 

The company also expanded its stock repurchase program by $1.0 billion, incremental to the remaining $314 million remaining authorization at the end of October. 

U.S. Movers: Interpublic Group, SanDisk, Zoom Communication

SanDisk Corp. jumped 1.9% to $231.16 after the S&P Dow Jones Indices said it will include the electronic storage company in the S&P 500 index, replacing Interpublic Group. 

Zoom Communication Inc. advanced 4% to $82.25 after the video application company reported stronger-than-expected fiscal third-quarter results. 

Revenue in the quarter rose 4.4% to $1.23 billion from $1.18 billion, net income soared to $612.8 million from $207.1 million, and diluted earnings per share advanced to $2.01 from 66 cents a year ago. 

Zoom estimated fiscal fourth quarter revenue to range between $1.230 billion and $1.235 billion, and adjusted diluted earnings per share between $1.48 and $1.49. 

The company also expanded its stock repurchase program by $1.0 billion, incremental to the remaining $314 million remaining authorization at the end of October. 

Japan's Indexes Surged 2% and Yen Remained Under Pressure

Japan's stocks advanced and extended gains over the last seven months amid a recovering market sentiment mirroring Wall Street gains in overnight trading. 

The Nikkei 225 Stock Average jumped 1.7%, and the broader Topix advanced nearly 2% after a broad rally swept stocks higher across all market caps. 

Expectations for a U.S. rate cut rose after the December policy meeting following sluggish retail sales and producer price inflation data. 

U.S. retail and food services sales advanced 4.3% in September, and producer price inflation held steady at 2.7% from a year ago, respectively. 

The government agencies resumed the release of statistical data after the federal government reopened after a 43-day shutdown.  

Closer to home, investors speculated that the Bank of Japan is more likely to raise rates in December to shore up the faltering yen and stable macroeconomic backdrop.  

The Japanese yen hovered at 156.12 and traded near a nine-month low amid worries about rising government debt. 

Japan Indexes and Stocks 

The Nikkei 225 Stock Average advanced 1.7% to 49,507.55, and the broader Topix inched up 1.9% to 3,352.28. 

Semiconductor equipment makers extended this week's and this year's gains, reflecting a sharp rise in AI stocks in overnight trading in New York. 

Tokyo Electron, Advantest Corp., Disco Corp., Lasertec, and SoftBank advanced between 0.3% and 3.0% in Tokyo on Wednesday.

Nippon Yusen KK decreased 0.9% to ¥4,895.0, Mitsui O.S.K. Lines fell 0.4% to ¥4,395.0, and Kawasaki Kisen Kaisha rose 0.2% to ¥2,074.0. 

Fast Retailing Ltd. increased 1.7% to ¥56,950.0, Aeon Co. Ltd. advanced 2.2% to ¥2,857.0, and Seven & I Holdings added 1.9% to ¥2,168.50. 

Japan's Indexes Surged 2% and Yen Remained Under Pressure

Japan's stocks advanced and extended gains over the last seven months amid a recovering market sentiment mirroring Wall Street gains in overnight trading. 

The Nikkei 225 Stock Average jumped 1.7%, and the broader Topix advanced nearly 2% after a broad rally swept stocks higher across all market caps. 

Expectations for a U.S. rate cut rose after the December policy meeting following sluggish retail sales and producer price inflation data. 

U.S. retail and food services sales advanced 4.3% in September, and producer price inflation held steady at 2.7% from a year ago, respectively. 

The government agencies resumed the release of statistical data after the federal government reopened after a 43-day shutdown.  

Closer to home, investors speculated that the Bank of Japan is more likely to raise rates in December to shore up the faltering yen and stable macroeconomic backdrop.  

The Japanese yen hovered at 156.12 and traded near a nine-month low amid worries about rising government debt. 

Japan Indexes and Stocks 

The Nikkei 225 Stock Average advanced 1.7% to 49,507.55, and the broader Topix inched up 1.9% to 3,352.28. 

Semiconductor equipment makers extended this week's and this year's gains, reflecting a sharp rise in AI stocks in overnight trading in New York. 

Tokyo Electron, Advantest Corp., Disco Corp., Lasertec, and SoftBank advanced between 0.3% and 3.0% in Tokyo on Wednesday.

Nippon Yusen KK decreased 0.9% to ¥4,895.0, Mitsui O.S.K. Lines fell 0.4% to ¥4,395.0, and Kawasaki Kisen Kaisha rose 0.2% to ¥2,074.0. 

Fast Retailing Ltd. increased 1.7% to ¥56,950.0, Aeon Co. Ltd. advanced 2.2% to ¥2,857.0, and Seven & I Holdings added 1.9% to ¥2,168.50. 

China Markets Extended 3-Day Rally Amid Recovering Market Sentiment

Stocks in China and Hong Kong advanced for the third consecutive session amid recovering market sentiment and resurgent AI trade.

The Hang Seng Index increased 0.4%, and the mainland-focused CSI 300 index advanced 0.8% as investors awaited the release of domestic macroeconomic data. 

Market indexes in China and Hong Kong extended this week's gains in the hopes that the U.S. Federal Reserve is more likely to lower its benchmark interest rate after a two-day meeting on December 10. 

Expectations were heightened by the latest sluggish macroeconomic data, suggesting that policymakers might opt for prompt action. 

U.S. nominal retail sales, not adjusted for inflation, in September increased 4.3% from a year ago, and producer price inflation held steady at an annual pace of 2.7%. 

Artificial intelligence stocks extended this year's rally, and Alphabet Inc. jumped after a report suggested that Meta Platforms is reviewing the company's advanced chips for its data centers. 

China Indexes and Stocks 

The Hang Seng Index added 0.4% to 26,004.17, and the mainland-focused CSI 300 index edged up 0.8% to 4,527.22. 

Alibaba Group Holding decreased 1.5% to HK $156.0, and the e-commerce platform operator reported a smaller-than-expected 52% decline in profit in its latest quarter. 

Property developers in Hong Kong edged higher amid speculation that the U.S. rate cut would spur the HKMA to lower its reference rate to maintain its currency peg.

Wharf Holdings edged up 0.3% to HK $23.34, Henderson Land Development gained 0.7% to HK $29.94, Sun Hung Kai Properties increased 1.9% to HK $99.45, and Swire Properties inched up 0.6% to HK $22.04. 

China Markets Extended 3-Day Rally Amid Recovering Market Sentiment

Stocks in China and Hong Kong advanced for the third consecutive session amid recovering market sentiment and resurgent AI trade.

The Hang Seng Index increased 0.4%, and the mainland-focused CSI 300 index advanced 0.8% as investors awaited the release of domestic macroeconomic data. 

Market indexes in China and Hong Kong extended this week's gains in the hopes that the U.S. Federal Reserve is more likely to lower its benchmark interest rate after a two-day meeting on December 10. 

Expectations were heightened by the latest sluggish macroeconomic data, suggesting that policymakers might opt for prompt action. 

U.S. nominal retail sales, not adjusted for inflation, in September increased 4.3% from a year ago, and producer price inflation held steady at an annual pace of 2.7%. 

Artificial intelligence stocks extended this year's rally, and Alphabet Inc. jumped after a report suggested that Meta Platforms is reviewing the company's advanced chips for its data centers. 

China Indexes and Stocks 

The Hang Seng Index added 0.4% to 26,004.17, and the mainland-focused CSI 300 index edged up 0.8% to 4,527.22. 

Alibaba Group Holding decreased 1.5% to HK $156.0, and the e-commerce platform operator reported a smaller-than-expected 52% decline in profit in its latest quarter. 

Property developers in Hong Kong edged higher amid speculation that the U.S. rate cut would spur the HKMA to lower its reference rate to maintain its currency peg.

Wharf Holdings edged up 0.3% to HK $23.34, Henderson Land Development gained 0.7% to HK $29.94, Sun Hung Kai Properties increased 1.9% to HK $99.45, and Swire Properties inched up 0.6% to HK $22.04. 

AI Enthusiasm and Rate-Cut Hope Extend Monday's Gains

Stocks on Wall Street attempted to extend the previous session's large gains, and investors increased exposure to high-flying artificial intelligence stocks. 

The S&P 500 index edged up 0.1%, and the Nasdaq Composite inched higher 0.2% following a day when they soared 1.6% and 2.7%, respectively. 

Stocks soared on Monday after three Fed policymakers suggested a rate cut is still likely at the end of 2025's last policy meeting on December 10, renewing hopes of a possible third rate cut this year.

AI-linked stocks soared amid optimism that leading tech companies will continue to invest in technology infrastructure at a breakneck pace. 

Alphabet jumped 4% and extended this year to 70% after Meta Platforms is considering to purchase its AI chips. The news was first reported by The Information. 

U.S. Stock Movers 

SanDisk Corp. jumped 1.9% to $231.16 after the S&P Dow Jones Indices said it will include the electronic storage company in the S&P 500 index, replacing Interpublic Group. 

Zoom Communication Inc. advanced 4% to $82.25 after the video application company reported stronger-than-expected fiscal third-quarter results. 

Revenue in the quarter rose 4.4% to $1.23 billion from $1.18 billion, net income soared to $612.8 million from $207.1 million, and diluted earnings per share advanced to $2.01 from 66 cents a year ago. 

Zoom estimated fiscal fourth quarter revenue to range between $1.230 billion and $1.235 billion, and adjusted diluted earnings per share between $1.48 and $1.49. 

The company also expanded its stock repurchase program by $1.0 billion, incremental to the remaining $314 million remaining authorization at the end of October. 

AI Trade and Rate-Cut Hope Extends Monday's Gains

Stocks on Wall Street attempted to extend the previous session's large gains, and investors increased exposure to high-flying artificial intelligence stocks. 

The S&P 500 index edged up 0.1%, and the Nasdaq Composite inched higher 0.2% following a day when they soared 1.6% and 2.7%, respectively. 

Stocks soared on Monday after three Fed policymakers suggested a rate cut is still likely at the end of 2025's last policy meeting on December 10, renewing hopes of a possible third rate cut this year.

AI-linked stocks soared amid optimism that leading tech companies will continue to invest in technology infrastructure at a breakneck pace. 

Alphabet jumped 4% and extended this year to 70% after Meta Platforms is considering to purchase its AI chips. The news was first reported by The Information. 

U.S. Stock Movers 

SanDisk Corp. jumped 1.9% to $231.16 after the S&P Dow Jones Indices said it will include the electronic storage company in the S&P 500 index, replacing Interpublic Group. 

Zoom Communication Inc. advanced 4% to $82.25 after the video application company reported stronger-than-expected fiscal third-quarter results. 

Revenue in the quarter rose 4.4% to $1.23 billion from $1.18 billion, net income soared to $612.8 million from $207.1 million, and diluted earnings per share advanced to $2.01 from 66 cents a year ago. 

Zoom estimated fiscal fourth quarter revenue to range between $1.230 billion and $1.235 billion, and adjusted diluted earnings per share between $1.48 and $1.49. 

The company also expanded its stock repurchase program by $1.0 billion, incremental to the remaining $314 million remaining authorization at the end of October. 

Sell Japan Trend Persisted After Investors Returned from 3-Day Holiday

Japan's benchmark indexes rebounded on Tuesday, recouping some of the losses on Friday after investors returned from a three-day holiday.

The Nikkei 225 Stock Average struggled to stay above the flatline, and the broader Topix lacked momentum as investors debated Japan's monetary policy and the yen's future. 

The yen edged higher to 156.54 against the U.S. dollar after verbal interventions by officials arrested the decline in the currency.

The yield on 10-year Japanese government bonds hovered at a 17-year high of 1.78%, and last week the cabinet approved a 21.3 trillion yen stimulus plan supporting economic growth and extending energy subsidies to ease inflation pain on households.  

"Sell Japan" trade gathered pace after the extra budget amplified concerns about Japan's fiscal health, pressuring both bonds and the yen.  

Japan Indexes and Stocks 

The Nikkei 225 Stock Average edged up 0.1% to 48,664.69, and the broader Topix index decreased 0.1% to 3,295.28. 

AI-linked stocks rebounded on Tuesday, reflecting a tech-powered market advance in overnight trading in New York. 

Tokyo Electron advanced 3.3% to ¥31,220.0, Advantest Corp. gained 3.5% to ¥18,995.0, and Lasertec Corp. increased 1% to ¥26,720.0. 

Sumitomo Mitsui Financial Group edged up 0.2% to ¥4,458.0, Mizuho Financial Group increased 1.2% to ¥5,235.0, and Mitsubishi UFJ Financial Group decreased 0.1% to ¥2,382.50. 

Sell Japan Trend Persisted After Investors Returned from 3-Day Holiday

Japan's benchmark indexes rebounded on Tuesday, recouping some of the losses on Friday after investors returned from a three-day holiday.

The Nikkei 225 Stock Average struggled to stay above the flatline, and the broader Topix lacked momentum as investors debated Japan's monetary policy and the yen's future. 

The yen edged higher to 156.54 against the U.S. dollar after verbal interventions by officials arrested the decline in the currency.

The yield on 10-year Japanese government bonds hovered at a 17-year high of 1.78%, and last week the cabinet approved a 21.3 trillion yen stimulus plan supporting economic growth and extending energy subsidies to ease inflation pain on households.  

"Sell Japan" trade gathered pace after the extra budget amplified concerns about Japan's fiscal health, pressuring both bonds and the yen.  

Japan Indexes and Stocks 

The Nikkei 225 Stock Average edged up 0.1% to 48,664.69, and the broader Topix index decreased 0.1% to 3,295.28. 

AI-linked stocks rebounded on Tuesday, reflecting a tech-powered market advance in overnight trading in New York. 

Tokyo Electron advanced 3.3% to ¥31,220.0, Advantest Corp. gained 3.5% to ¥18,995.0, and Lasertec Corp. increased 1% to ¥26,720.0. 

Sumitomo Mitsui Financial Group edged up 0.2% to ¥4,458.0, Mizuho Financial Group increased 1.2% to ¥5,235.0, and Mitsubishi UFJ Financial Group decreased 0.1% to ¥2,382.50.