On average, software companies beat Q2 revenue estimates by 2% and profitability expectations by 5%, RBC analyst Matthew Hedberg said.
Q3 was guided lower for both revenue and profitability while stocks moved on average 2.1% higher the day following earnings.
Second-quarter earnings season was mostly bad news for North American precious metal miners. Several producers lowered their guidance for the second half of the year, and Bank of America analyst Lawson Winder lowered his price target for a handful of gold and silver miners on Monday.
SNDL Inc (NASDAQ: SNDL) shares are trading higher by 5.36% to $3.16, though off the session high of $3.59, during Monday's trading session after the company reported better-than-expected second-quarter sales results.
What Happened?
Earlier today, IDEAYA Biosciences Inc (NASDAQ:IDYA) reported Q2 results, and shares have plunged 30% after the update. Investors are probably reacting…