Sandisk guidance, Evolv Technologies earnings, Flowers Foods outlook

Published 2 months ago Positive
Sandisk guidance, Evolv Technologies earnings, Flowers Foods outlook
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Here are some of the stories Wall Street is watching on Friday, Aug. 15.

Sandisk (SNDK) shares are slipping after issuing what some analysts are calling conservative fiscal Q1 guidance.

Evolv Technologies (EVLV) is seeing its shares rise on Q2 results.

Flowers Foods (FLO) cut its full-year outlook, with Chairman and CEO Ryals McMullian saying, "Macroeconomic uncertainty and shifting consumer demand have continued to pressure the bread category."

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

Video Transcript

00:00 Speaker A

It's time for your Yahoo! Finance's market minute stocks trading mixed, but on track for weekly gains as investors increasingly price in a September rate cut. Computer hardware and storage company SanDisk's falling as analysts dubbed the firm's guidance conservative. Firm sees first quarter EPS of 70 cents to 90 cents versus the 91 cents estimated. Gross margins forecast also coming in below estimates. Shares of security company Evolv Technologies rising after reporting better than expected results and raising its full-year revenue forecast. Lake Street Capital upgrading that stock to buy from hold, citing the firm growing new accounts and expanding relationships. Baked foods producer Flower Foods is falling after cutting its full-year outlook and reporting second quarter revenue that did miss estimates. Management citing softness and bread sales and an intensifying competitive environment. That's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code below. Related Videos

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