ServiceNow (NYSE:NOW) recently announced their first quarter results that outpaced all market expectations. But despite the strong performance, the stock took a beating and was down 15% in the after-hours trading. The continuing concern about the agentic AI market disrupting ServiceNow’s business model coupled with the Iran war was a big reason for worry.
>>>Earlier last month, Veeva (NYSE: VEEV) reported its quarterly earnings that outpaced market expectations. The company continues to add to its portfolio through acquisitions.
>>>Last month, Apple (Nasdaq: AAPL) reported its quarterly earnings that outpaced market expectations. A better than expected outlook for the current quarter sent their stock climbing 3% in the after-hours trading session.
>>>Last month, Intuit (Nasdaq: INTU) announced its third quarter results that failed to impress the market. The company saw revenues grow at the slowest rate since 2024. Intuit also announced a 17% reduction in its workforce as it reorganizes itself. Analysts believe that Intuit’s products will be cannibalized with the growth of AI use-cases. In reaction, Intuit’s stock has fallen nearly 40% this year.
>>>Last month, Cisco (Nasdaq: CSCO) announced its third quarter results that delivered record revenues. The company is benefiting from AI-related orders. Besides announcing a record quarter, it also announced significant layoffs.
>>>Salesforce’s (NYSE: CRM) recently announced first quarter results that soared past market expectations. The company recently made a few acquisitions to continue its growth trajectory.
>>>Alphabet (Nasdaq: GOOG) recently announced its first quarter results that soared past market expectations. The performance helped the stock climb 10% in the after-hours session. The stock has already climbed nearly 25% so far this year.
>>>Enterprise collaboration solutions provider Atlassian (Nasdaq: TEAM) recently announced its third quarter results that continue to outpace market expectations. The stock soared 29% in the after-hours trading session post the result announcement.
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