Check out the companies making headlines before the bell: Lululemon — Shares popped 9% after the athletic apparel retailer topped Wall Street’s estimates for the fiscal third quarter and shared in-line holiday guidance. Samsara — The stock moved more than 9% lower after the software company reported lukewarm guidance for the fourth quarter. For the period, Samsara expects earnings of 7 cents to 8 cents per share and revenue to come in between $334 million and $336 million. Analysts surveyed by LSEG were expecting 6 cents per share on revenue of $336 million. The company did beat earnings and revenue estimates for the third quarter, however. DocuSign — Shares of the e-signature company added 1.3% after DocuSign said it sees fourth-quarter revenue between $758 million and $762 million. The consensus called for a forecast of $756 million, according to LSEG. Third-quarter adjusted earnings and revenue also topped the Street’s estimates. Ulta Beauty — Shares rose nearly 12% after the beauty retailer’s third-quarter earnings and revenue beat expectations. Ulta earned $5.14 per share on $2.53 billion in revenue, above the consensus estimate of $4.54 per share on $2.50 billion in revenue, according to LSEG. The company also raised its forecast for the full year . GitLab — The stock jumped nearly 11% following the developer tools software maker’s third-quarter earnings and revenue beat. GitLab reported adjusted earnings of 23 cents per share on $196 million in revenue, well above the LSEG consensus estimate of 16 cents per share on $188 million in revenue. GitLab also named Bill Staples as its new CEO , effective Thursday. Rubrik — The stock surged almost 24% on the heels of the data security firm reporting a smaller-than-expected third-quarter loss. Rubrik posted a loss of 21 cents per share in the quarter, while analysts polled by LSEG were expecting a loss of 40 cents per share. The company also beat revenue expectations, posting $236 million in revenue compared to the consensus estimate of $218 million. UiPath — Shares fell around 4% after the automations software company’s fourth-quarter revenue outlook underwhelmed investors. UiPath expects revenue to come in between $422 million and $427 million, but analysts surveyed by LSEG expected $424 million. The company’s third-quarter earnings and revenue results, however, beat analysts’ expectations. Asana — The stock advanced more than 26% after the work management software company posted a smaller-than-expected adjusted loss. Asana posted a loss of 2 cents per share on $184 million in revenue. Analysts expected a loss of 7 cents per share on $181 million in revenue, per LSEG. Petco Health and Wellness — The pet retailer popped more than 8% after reporting a smaller loss than the Street anticipated. Petco posted a third-quarter loss of 2 cents per share, while analysts surveyed by LSEG had expected a loss of 4 cents per share. The company’s revenue for the period beat expectations as well. Victoria’s Secret — Shares gained around 3% in the wake of the retailer’s better-than-expected third-quarter results. Victoria’s Secret posted a loss of 50 cents per share on $1.35 billion in revenue. Analysts surveyed by LSEG had expected a loss of 63 cents per share on $1.29 billion in revenue. The company also raised its full-year outlook . AMC Entertainment — The stock fell more than 8% after the movie theater chain has agreed to sell up to 50 million shares . This comes after a post on social media site X from meme stock personality “Roaring Kitty” sent shares of both the company and GameStop about 6% higher in the previous session. — CNBC’s Samantha Subin and Hakyung Kim contributed reporting.
Posted inFinance
Stocks making the biggest moves premarket: LULU, DOCU, WOOF, ULTA
Posted by
By
No Comments
By
No Comments
Post navigation
Previous Post
‘I am not a good actor’