U.S. stock markets were trading mixed on Thursday, with the Dow in positive territory by more than 60 points.Â
Shares of Cloudera (CLDR, Financial) jumped on Thursday morning after the company posted second-quarter loss per share of 8 cents on revenue of $110.34 million, reflecting 22.8% year-over-over growth. It beat earnings estimates by 7 cents and revenue estimates by $2.63 million.
Tom Reilly, the company´s CEO, said, "We continue to innovate in highly differentiating ways. With three new modern data warehouse offerings, we are well-positioned to disrupt the legacy data warehouse industry."
In the trimester, the negative operating cash flow was $23.6 million compared to negative operating cash flow of $22.8 million in the same quarter of the previous year.
Looking ahead to the third quarter, the company now expects total revenue between $113 million and $114 million, representing approximately 20% year-over-year growth. Subscription revenue is expected to be between $96 million and $97 million, representing approximately 24% year-over-year growth.Â
Gainers
• Royal Caribbean Cruises Ltd. (RCL, Financial)
• Tiffany & Co. (TIF, Financial)
• Michael Kors Holdings Ltd. (KORS, Financial)
• General Mills Inc. (GIS, Financial)
• General Electric Co. (GE, Financial)
Losers
• Micron Technology Inc. (MU, Financial)
• Advanced Micro Devices Inc. (AMD, Financial)
• Wynn Resorts Ltd. (WYNN, Financial)
• NVIDIA Corp. ”‹(NVDA)
• Applied Materials (AMAT, Financial)
Global markets
The main European stock markets traded mixed. The U.K.'s FTSE 100 lost 0.13%, France's CAC 40 gained 0.39%, Germany's Dax slid 0.01% and Spain's Ibex 35 declined 0.39%.
In Asia, Japan's Nikkei 225 slid 0.41%, India’s BSE Sensex gained 0.59%, Hong Kong's Hang Seng lost 0.99% and China's Shanghai Composite swelled 0.47%.
Disclosure: The author holds no positions in any stocks mentioned.
