A woman jogs past a Lululemon retail store. Bloomberg | Getty Images Lululemon on Thursday reported second quarter earnings that topped analysts’ expectations, sending the athletic apparel retailer’s shares up as much as 5% in after-hours trading. The company also hiked its full-year outlook. CEO Calvin McDonald said in a statement he sees “significant runway”
Earnings
DocuSign CEO Dan Springer. Source: DocuSign Shares of enterprise cloud company DocuSign shot up about 19% Friday morning after the company reported better-than-expected revenue and strong guidance. The rally added about $1.5 billion to the company’s market cap, bringing it to $9.6 billion. For its second quarter of 2020, DocuSign reported $236 million in revenue,
Three of Wall Street’s top-performing IPO stocks in 2019 tumbled late on Thursday after the companies’ quarterly results failed to satisfy investors and justify their high valuations. Zoom Video Communications dropped 2% in extended trade, even after the videoconferencing provider’s quarterly results and full-year outlook beat analysts’ expectations. Cybersecurity company Crowdstrike tumbled 8.7% after it
Stewart Butterfield, co-founder and CEO of Slack, at the 2018 WEF in Davos, Switzerland. Adam Galica | CNBC Slack, maker of the popular workplace chat app, will release its first earnings report as a public company after the market close on Wednesday. Here are the numbers to watch for the company’s fiscal second quarter: Earnings:
A JetBlue Airways Corp. Airbus A321 plane taxis outside of Terminal 5 at John F. Kennedy International Airport (JFK) in New York. Mark Kauzlarich | Bloomberg | Getty Images Shares of JetBlue were down more than 3% in premarket trading after the airline lowered its revenue forecast, citing weak demand for its flights to Puerto