The question for Splunk (SPLK) as it nears its Thursday earnings release is not whether the security database software maker can make its numbers — it’s whether a positive report will actually help. Like the rest of the market, Splunk stock has taken a beating with the widespread sell-off that started late last week and continued into a volatile Monday. Some on Wall Street worry that Splunk is too volatile itself to ride out the market’s current
Expectations are low for Best Buy’s (BBY) fiscal second-quarter earnings report due out Tuesday morning. The consumer electronics retailer is seen posting its first year-over-year decline in adjusted earnings per share in five quarters. Best Buy’s revenue is forecast to decline for the third straight quarter. Analysts polled by Thomson Reuters expect Best Buy to earn 34 cents a share excluding items on sales of $8.29 billion in the July quarter.
AlibabaGroup (BABA), Baidu (BIDU) and a host of other once high-flying China-based stocks took significant hits early Monday as the Shanghai and Shenzhen stock exchanges plummeted once again overnight, triggered by fears of an economic slowdown. The latest stock market decline signaled financial industry fear after China’s government did not announce policy support over the weekend as expected, after the Shanghai Composite index suffered an 11%