Voya Financial (VOYA) Q3 Earnings and Revenues Top Estimates


Technology stocks continue to lead Thursday’s market rally, with the SPDR Technology Select Sector ETF (XLK) rising 7.6% and the Philadelphia Semiconductor Index pushing out to an 9.8% gain this afternoon.

In company news, ASML Holding (ASML) rose over 14% after the Dutch chipmaking equipment manufacturer said it plans to repurchase up to 12.0 billion euros of its shares.

RingCentral (RNG) climbed more than 30% after late Wednesday reporting higher Q3 results compared with year-ago levels that beat Wall Street expectations and the cloud communications company also boosted its forecast for adjusted 2022 profit to a new range of $1.97 to $1.98 per share. Analysts polled by Capital IQ, on average, are expecting RingCentral to earn $1.93 per share this year, excluding one-time items.

Unity Software (U) rose over 28% after the 3-D software firm reported a smaller non-GAAP Q3 net loss than analysts were expecting and also guided revenue for the current quarter exceeding Wall Street estimates. Unity now sees Q4 revenue in a range of $425 million to $445 million compared with the Capital IQ consensus looking for $389 million.

Wix.com (WIX) gained nearly 20% after paring its Q3 results exceeded analyst estimates.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


Image and article originally from www.nasdaq.com. Read the original article here.