Wallets in several colors

A handful of income is expected today

Today the Federal Reserve’s latest rate decision will be the highlight of the day. Federal Reserve Chairman Jerome Powell will be holding a press conference at 2:30 p.m. ET. Housing starts, building permits and crude oil stocks are also on the agenda.

The following companies are expected to release quarterly earnings reports today March 17th:

Cintas Corp. (NASDAQ: CTAS – $ 347.95) offers corporate identity uniforms and related business services. Cintas will announce its fourth quarter 2020 results today before the bell.

Kingsoft Cloud Holdings Ltd. (NASDAQ: KC – $ 50.42) offers cloud services for companies and organizations in China. Kingsoft Cloud will announce its fourth quarter 2020 results today before the bell.

Pinduoduo Inc. (NASDAQ: PDD – $ 160.89) operates an e-commerce platform in the People’s Republic of China. Pinduoduo will announce its fourth quarter 2020 results today before the bell.

American Outdoor Brands Inc. (NASDAQ: AOUT – $ 22.54) offers outdoor products and accessories for rugged outdoor enthusiasts. American Outdoor Brands will report its results for the third quarter of 2021 after today’s market close.

Five Below Inc. (NASDAQ: FIVE – $ 193.46) works as a specialist dealer in the USA. Five Below will publish fourth quarter 2020 results after today’s market close.

Herman Miller Inc. (NASDAQ: MLHR – $ 41.58) deals with the research, design, manufacture and sale of office furniture systems, seating products, other freestanding furniture elements, textiles, furnishings and related services. Herman Miller will report its results for the third quarter of 2021 after today’s market close.

PagerDuty Inc. (NYSE: PD – $ 40.97) operates a platform for real-time operations. PagerDuty will announce its fourth quarter 2020 results after the market closes today.

S.emtech Corp. (NASDAQ: SMTC – $ 72.27) designs, develops, manufactures and markets analog semiconductor products and mixed-signal semiconductor products and advanced algorithms. Semtech will announce its results for the fourth quarter of 2020 after the market closed today.

Williams-Sonoma Inc. (NYSE: WSM – $ 138.50) works as an omni-channel specialist retailer for various products for the home. Williams-Sonoma will announce its fourth quarter 2020 results after the market closes today.

ZTO Express (Cayman) Inc. (NYSE: ZTO – $ 32.83) provides express shipping and other value-added logistics services in the People’s Republic of China. ZTO Express will announce its fourth quarter 2020 results after the market closes today.

Here’s a quick look back at how Tuesday’s earnings reports performed compared to Wall Street expectations:

Designer Brands Inc. (NYSE: DBI – $ 15.90) designs, manufactures and sells shoes and accessories for women, men and children. Earnings per share declined 960.00% year over year to ($ 0.53), beating the estimate of ($ 0.68). Revenue of $ 609,352,000 was down 26.55% year over year, missing the $ 623,770,000 estimate.

Jabil Inc. (NYSE: JBL – $ 48.84) offers manufacturing services and solutions. Earnings per share rose 154.00% year over year to $ 1.27, beating the estimate of $ 0.95. Revenue of $ 6,829,000,000 was up 11.49% year over year, beating the estimate of $ 6,570,000,000.

Caleres Inc. (NYSE: CAL – $ 18.98) is active in the retail and wholesale trade of shoes. Earnings per share declined 91.18% to $ 0.03 last year, beating the estimate of ($ 0.10). Revenue of $ 570,959,000 was down 18.31% year over year, beating the estimate of $ 555,500,000.

Coupa Software Inc. (NASDAQ: COUP – $ 281.76) provides a cloud-based platform for managing business expenses. Earnings per share declined 19.05% year over year to $ 0.17, beating the estimate of ($ 0.11). Revenue of $ 163,544,000 increased 46.74% year over year, beating the estimate of $ 145,660,000.

Lennar Corp. (NYSE: LEN – $ 90.05) works as a homebuilder mainly under the Lennar brand. Earnings per share rose 60.63% last year to $ 2.04, beating the estimate of $ 1.71. Revenue of $ 5,325,000,000 increased 18.20% over the same period last year, beating the estimate of $ 5,130,000,000.

Smartsheet Inc. (NYSE: SMAR – $ 67.79) provides a cloud-based platform for performing work. Earnings per share rose 69.23% to ($ 0.04) last year, beating the estimate of ($ 0.13). Revenue of $ 109,871,000 increased 39.93% from the same period last year, beating the estimate of $ 102,720,000.

Looking ahead to tomorrow The Philadelphia Fed Manufacturing Index and initial and ongoing jobless claims are due. All economic data listed here are preliminary and subject to change.

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