Stock futures traded higher Thursday even as the Federal Reserve’s preferred inflation gauge rose slightly on an annual basis in July.
These stocks were poised to make moves Thursday:
Salesforce (CRM), the cloud-based enterprise software provider, reported second-quarter earnings that beat analysts’ estimates and issued an outlook for the third quarter and fiscal year that also topped forecasts. Salesforce said it expects fiscal-year adjusted earnings of $8.04 to $8.06 a share on revenue of $34.7 billion to $34.8 billion. Analysts had been predicting profit of $7.42 a share on revenue of $34.7 billion. The stock rose 6.4%.
Okta (OKTA) shares rose 12% 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 spending on information technology. Okta raised its fiscal-year forecast, saying it expects adjusted profit of $1.17 to $1.20 a 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.
Source: MarketWatch
