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Revenue and profit reports affect the stock market movement

There are a few stocks which have been affected a little more in the latest trading due to the latest ongoing struggle with the Coronavirus. The shares of Ulta Beauty had seen a rise of close to 3% as it pared the gains with the market globally. The stocks had seen a surge of 15% at the session high after better than anticipated numbers had been posted by the company. The report for the fourth quarter showed a profit of $3.89 a share and this was 16 cents above the estimates which had been made. The revenue was a little below consensus though. The shares of Slack have seen a plunge of over 18% post the tech company releasing weaker numbers for the first quarter on this Thursday evening. The company had been viewed as a good bet by the analysts in the coronavirus outbreak period because of their rise in the telecommuting has said that the revenue was expected to be somewhere in the range of $185 million and $188 million in the first quarter. The analysts had expected that $188.4 million was going to be its revenue. Oracle had also seen a rise of over 13% in the trading midday post the company reporting the fiscal earnings of third quarter and the quarterly guidance of earnings which had topped the expectations of analysts. The CEO Safra Catz had said on a conference call this Thursday that she is expecting $1.20-$1.28 in the adjusted profit numbers for the fourth quarter. H&R block had seen a rise of over 10% on this Friday post the upgradation of its stock from sell level to neutral level.

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