Workday (WDAY) stock slipped more than 3% in after-hours trading following the company’s announcement that it would acquire Paradox for an undisclosed amount. Paradox is an AI company that uses AI chatbots to simplify the job application process.

Workday also reported second quarter results that beat expectations. Subscription revenue increased 14%, lifting overall revenue to $2.35 billion in the second quarter. Wall Street was looking for revenue of $2.34 billion.

Diluted earnings per share of $2.21 beat estimates of $2.12 per share.

“Our second quarter results reflect the strength of our platform and our continued progress across several of our growth initiatives,” CFO Zane Rowe said. “Following our first half momentum — and also incorporating the acquisition of Paradox — we are increasing our fiscal 2026 subscription revenue guidance to $8.815 billion, representing growth of 14%, and increasing our fiscal 2026 non-GAAP operating margin guidance to approximately 29%.”

Shares of Intuit (INTU), the company behind tax-preparation and finance software TurboTax, Credit Karma, and QuickBooks, fell 5% after hours after the company forecast fiscal first quarter revenue growth below analyst estimates.

Reuters reports:

Intuit’s board also approved a new $3.2 billion share buyback plan, raising its total repurchase authorization to $5.3 billion.

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Walmart (WMT) and Target (TGT) often get compared, especially when they report earnings back-to-back. But the most recent results from the big box stores highlight how the two couldn’t be more different.

Yahoo Finance’s Brian Sozzi dived into the two retailers’ quarters:

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Walmart (WMT) reassured investors that it’s continuing to gain market share and generate healthy sales growth.

But even though executives said the company didn’t see any “dramatic shifts” with consumer behavior last quarter, they did communicate that keeping costs low could become a greater challenge in the second half of the year as tariff-related price increases work their way through inventory.

“With regards to our US pricing decisions, given tariff-related cost pressures, we’re doing what we said we would do: We’re keeping our prices as low as we can for as long as we can,” Walmart CEO Doug McMillon said on Walmart’s earnings call.

“The way things have played out so far, the impact of tariffs has been gradual enough that any behavioral adjustments by the customer have been somewhat muted,” McMillon continued. “But as we replenish inventory at post-tariff price levels, we’ve continued to see our costs increase each week, which we expect will continue into the third and fourth quarters.”

Listen to a replay of the earnings call here.

Walmart (WMT) will report quarterly results Thursday morning before the bell, following on the heels of Target (TGT) earnings Wednesday, which sent shares of the retailer 6% lower.

But Walmart is expected to highlight another robust quarter, Yahoo Finance’s Brooke DiPalma writes, as consumers search for value amid tariff-related uncertainty.

Brooke previews what to look for in Walmart’s earnings:

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TJ Maxx parent TJX Companies (TJX) beat sales and profit estimates for the second quarter and raised its annual profit forecast, boosting shares in premarket trading.

Reuters reports:

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Lowe’s (LOW) stock popped in premarket trading on Wednesday after the home improvement retailer reported a return to same-store sales growth, earnings beat, and raised its guidance.

Yahoo Finance’s Brooke DiPalma reports:

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Toll Brothers (TOL) reported another double beat in its fiscal third quarter, but a slowdown in new orders weighed on the stock, which drifted 1.6% lower after hours.

The homebuilder posted diluted earnings per share of $3.73 on home sale revenue of $2.88 billion. Wall Street analysts were expecting earnings per share of $3.64 on revenue of $2.85 billion.

After a sluggish spring season in the housing market, there have been signs of a resurgence, with housing starts jumping in July. But mortgage rates that have barely budged, ongoing economic uncertainty, and affordability challenges for buyers continue to weigh on the sector.

For the quarter, Toll Brothers noted it had 2,388 units under signed contract, a 4% decline from a year ago. Analysts had expected orders growth.

“The average sales price of new contracts was $1.0 million, up 4.5% year-over-year,” CEO Douglas Yearley said in the earnings release. “Contract dollars were flat despite a 4% decline in units. While affordability pressures and uncertain economic conditions persist, we are pleased with the resilience of our luxury business and more affluent customer base.”

La-Z-Boy stock (LZB) dropped 16% in after-hours trading after the company missed earnings estimates and navigated “soft industry demand.”

Overall, comparable sales dropped 1% to $492 million from a year ago. Sales in the furniture retailer’s wholesale segment increased 1%, and retail sales rose 5%, but they were offset by weakness in the Joybird brand, which saw sales decline 14%.

La-Z-Boy reported diluted earnings per share of $0.44, compared to $0.61 per share a year ago. The Street was looking for earnings of $0.52 per share.

La-Z-Boy’s guidance also came in lighter than expected. It expects sales in the range of $510 million to $530 million in the fiscal second quarter. Wall Street was looking for $532 million, according to S&P Global Market Intelligence.

Palo Alto Networks (PANW) stock shot up 6% after hours after the company reported solid earnings and margin growth in its fiscal fourth quarter.

The cybersecurity firm reported $2.54 billion in revenue in its fiscal fourth quarter (a 16% increase) and earnings per share of $0.95. Wall Street analysts expected revenue of $2.50 billion and earnings of $0.89 per share, according to S&P Global Market Intelligence.

Shares of Palo Alto Networks are off by 10% over the past month due to a drawdown following the company’s $25 billion acquisition of identity security solutions provider CyberArk. But guidance for full-year adjusted EPS of $3.75 to $3.85 also came in above expectations amid the deal.

“Cybersecurity is a clear 2nd/3rd derivative play on the AI Revolution with PANW in the driver’s seat to gain market/mind share in the cybersecurity landscape,” Wedbush analyst Dan Ives wrote in a note ahead of earnings. Ives added, “the continued shift to the cloud [is] putting the company in a strong position to accelerate deal flow as more strategic enterprise AI projects take hold over the coming year.”

Bloomberg reports:

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