Finance

Pedestrians pass in front of an Ulta Beauty store in New York.

Gabby Jones | Bloomberg | Getty Images

Check out the companies making headlines after the bell:

Shares of Ulta spiked more than 9% during extended trading after the beauty retailer posted mixed third-quarter earnings and matched same store-sales estimates. The company earned $2.25 per share, exceeding the earnings of $2.13 per share analysts forecast. Revenue fell short, coming in at $1.68 billion, versus the $1.69 billion expected. Ulta matched same-store sales growth forecasts at 3.2%.

Shares of Zoom Video Communications tanked as much as 11% despite the company’s third-quarter earnings beat and strong fourth-quarter guidance, suggesting slower growth ahead. The company reported earnings of 9 cents per share excluding certain items on revenue of $166.6 million, while Wall Street expected earnings of 3 cents per share and revenue of $154.9 million.

For the fourth quarter, Zoom expects earnings of roughly 7 cents per share, excluding certain items, and revenue between $175 million and $176 million. For the 2020 fiscal year, the company projected annual earnings of approximately 27 cents per share excluding certain items and a revenue range of $609 million to $610 million.

Crowdstrike shares popped nearly 5% after the cloud-based cybersecurity company reported better-than-expected earnings in its third quarter. The company lost 7 cents per share on revenue of $125.1 million, while Wall Street expected an 11 cent loss per share and revenue of $118.8 million, according to Refinitiv.

Crowdstrike also increased its fiscal 2020 outlook, anticipating a loss between 9 and 8 cents per share and revenue between $465.2 million and $468 million.

Docusign shares jumped nearly 10% after the online-signature platform posted third-quarter earnings that topped analysts’ expectations. The company posted earnings of 11 cents per share excluding certain items on revenue $250 million, compared to the earnings of 3 cents per share and revenue of $240 million analysts forecast.

Domo shares soared more than 25% after the company reported third-quarter earnings and fourth-quarter guidance that topped expectations. Domo, which makes executive management software, lost 85 cents per share excluding certain items on revenue of $44.8 million, while analysts expected a loss of $1.01 per share and revenue of $41.8 million.

Next quarter, Domo sees an adjusted loss of 94 cents to 98 cents per share on revenue between $45 million and $46 million. Analysts had projected a loss of 98 cents per share on revenue of $43.9 million, according to Refinitiv.

Shares of cloud-computing company PagerDuty tanked 17% after the bell following its mixed third-quarter earnings and fourth-quarter guidance, plus a new leadership change. The company lost 10 cents per share excluding certain items, slightly more than the 9 cent loss per share analysts expected, according to Refinitiv. Revenue came in better than expected, at $42.8 million versus the $42.1 million projected.

For the fourth quarter, the company expects an adjusted loss of 6 cents to 7 cents per share and revenue between $44.5 million and $45.5 million. Analysts had forecast a loss of 5 cents per share on revenue of $43.8 million.

Separately, PagerDuty announced that former Salesforce executive Dave Justice will join the company as Chief Revenue Officer.

Yext shares plummeted more than 22% after the online brand management company posted disappointing third-quarter earnings and fourth-quarter guidance. Yext posted a loss of 19 cents per share, slightly higher than the 18 cent loss per share analysts expected, according to Refinitiv. The company’s revenue of $76.4 million was in-line with expectations.

For the fourth quarter, Yext anticipates a loss of 13 cents to 15 cents per share and revenue between $79 million and $81 million. Analysts had forecast a lower loss of 8 cents per share and higher revenue at $93.9 million.

Shares of Tesla briefly climbed more than 1% before settling just above its closing price after Morgan Stanley analyst Adam Jonas raised the company’s bull case from $440 to $500 per share, citing the unveiling of the new Tesla Cybertruck and more potential sales penetration in China. Morgan Stanley’s base case remains the same at a price target of $250 per share, and Tesla shares are down nearly 1% year to date.

Products You May Like

Articles You May Like

Chinese airlines, hotels could be hit hardest if coronavirus outbreak drags on
Trump will be the first sitting president to attend March for Life anti-abortion rally
Johnson & Johnson beats Wall Street expectations on profit, misses on revenue
Here’s when your tax return could spark interest from the IRS
Southwest Airlines profits tumble after Boeing 737 Max grounding drove up costs

Leave a Reply

Your email address will not be published. Required fields are marked *