As the trading day draws to a close, here are the key events to watch tomorrow, May 15, on Yahoo Finance tomorrow: The highly anticipated Consumer Price Index (CPI) print will be released, providing markets with a comprehensive look into the ongoing battle against inflation. Minneapolis Federal Reserve President Neel Kashkari and Fed Governor Michelle Bowman are scheduled to deliver remarks, shedding light on the central bank's outlook on inflation and the potential for rate cuts. A slew of companies are set to report their quarterly earnings, including tech giant Cisco (CSCO), ride-hailing and delivery platform Grab Holdings (GRAB), and canned goods company Dole (DOLE). For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Monday.com stock popped after the software maker reported first-quarter earnings and revenue that topped estimates and guidance edged by views.
Project management software maker Monday.com (NASDAQ:MNDY) reported results ahead of analysts' expectations in Q1 CY2024, with revenue up 33.7% year on year to $216.9 million. Guidance for next quarter's revenue was also better than expected at $228 million at the midpoint, 1.2% above analysts' estimates. It made a non-GAAP profit of $0.61 per share, improving from its profit of $0.14 per share in the same quarter last year.