By Joe Woelfel and Elsa Ohlen
Stock futures were rising Friday ahead of the U.S. jobs report for August. A weak report could strengthen the belief on Wall Street that the Federal Reserve will cut interest rates when it meets in mid-September. It's also the first employment report since President Donald Trump fired the commissioner of the Bureau of Labor Statistics after he accused her of releasing inaccurate employment data.
These stocks were poised to make moves Friday:
Broadcom rose 8.9% after reporting fiscal third-quarter adjusted earnings and revenue that beat analysts' forecasts. Artificial-intelligence revenue jumped 63% in the quarter to $5.2 billion. The semiconductor and software company said it expects total fourth-quarter revenue of about $17.4 billion, higher than consensus of $17.02 billion, and anticipates growth in AI semiconductor revenue to "accelerate to $6.2 billion" in the fourth quarter, marking 11 consecutive quarters of growth. CEO Hock Tan revealed Broadcom had secured $10 billion in AI orders from a new customer, which he believes will "significantly" improve the AI revenue outlook for fiscal 2026.
Shares of Nvidia, a rival to Broadcom and the leading maker of AI chips, were down 0.5%. The stock ended Thursday's session with a gain of 0.6% and snapped a five-session losing streak. Coming into Friday, Nvidia has gained 28% this year.
Fiscal second-quarter earnings at Lululemon Athletica topped analysts' expectations but the athleisure company tumbled 18% after cutting fiscal-year guidance a second time. The company reduced its profit guidance to reflect both a slowdown in sales and bigger-than-expected tariff impacts. As for revenue, Lululemon now expects fiscal-year revenue to range between $10.85 billion and $11 billion, down from previous guidance of $11.15 billion to $11.30 billion. The new range's midpoint of $10.93 billion was below consensus of $11.2 billion.
Samsara, which provides software that helps manage vehicle fleets, reported second-quarter earnings and revenue, up 30% from a year earlier, that beat Wall Street estimates, and its revenue guidance for the current third quarter slightly topped expectations. Shares rose 10%.
Guidewire Software rallied 12% after the insurance-software provider said it sees fiscal 2026 revenue of $1.39 billion to $1.41 billion, higher than Wall Street forecasts of just below $1.36 billion. Guidewire reported fiscal fourth-quarter adjusted earnings of 84 cents a share on revenue of $356.6 million, topping expectations.
Docusign was up 8.6% after reporting second-quarter earnings, revenue, and billings that were better than expected, and after the e-signature company raised its fiscal-year outlook.
Automation-software company UiPath was up 5.4% after posting better-than expected second-quarter adjusted earnings and boosting its fiscal-year revenue outlook on momentum in its offerings of agentic AI. It sees revenue between $390 million and $395 million in the current third quarter.
Copart, the online auto auction platform, posted fiscal fourth-quarter earnings that rose from a year earlier as revenue gained 5.2% to $1.13 billion but missed forecasts of $1.14 billion. The stock fell 2%.
Software company ServiceTitan reported second-quarter earnings and revenue that easily topped analysts' estimates and issued a fiscal-year revenue forecast that also was better than expected. Shares rose 9.8%.
Phreesia, a provider of digital solutions for the healthcare industry, reported second-quarter earnings and revenue that beat Wall Street estimates and the company announced it reached an agreement to acquire healthcare financing company AccessOne for $160 million. Phreesia was a Barron's stock pick in early August. The stock fell 13% in after-hours trading Thursday.
Write to Joe Woelfel at joseph.woelfel@barrons.com and Elsa Ohlen at elsa.ohlen@barrons.com
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September 05, 2025 05:22 ET (09:22 GMT)
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