Snowflake said first-quarter revenue increased 33% year-over-year to $828.7 million, beating the consensus estimate of $785.87 million, according to Benzinga Pro.
Urban Outfitters reports quarterly earnings of 69 cents per share, beating the analyst consensus estimate of 52 cents by 32.69%. Quarterly sales clocked in at $1.2 billion, beating the analyst consensus estimate of $1.175 billion by 2.12% and representing a 7.75% increase over sales of $1.114 billion from the same period last year.
The prices of cryptocurrencies surged on Monday evening as new details emerged about the Securities and Exchange Commission advancing the process for the first U.S. exchange-traded funds holding Ethereum (CRYPTO: ETH).
Peloton said it intends to offer $275 million worth of convertible senior notes due 2029 in a private offering to institutional investors. The company said it will grant the initial purchasers of the notes a 13-day option to purchase up to an additional $41.3 million aggregate principal amount of the notes.
Palo Alto Networks reported quarterly earnings of $1.32 per share which beat the analyst consensus estimate of $1.25 by 5.6%. Quarterly sales clocked in at $1.985 billion which beat the analyst consensus estimate of $1.967 billion and represents a 15.33% increase over sales of $1.721 billion from the same period last year.
Reddit and OpenAI announced a partnership that will give OpenAI's ChatGPT access to Reddit threads and enable Reddit users to use new AI-powered features. The two companies will also collaborate on advertising.