Lululemon Athletica — Shares sank 10% after the athleisure company lowered its full-year earnings and revenue guidance, citing headwinds. The company’s current-quarter earnings and revenue guidance also came below what analysts were expecting, per LSEG.
Docusign — The software stock slipped 4% after Docusign’s outlook failed to impress the Street. The company sees second-quarter revenue in a range of $865 million to $869 million, encompassing the LSEG consensus estimate of $866 million.
Rubrik — Shares were trading 2% lower after the cloud data and data security firm posted billings numbers in its first quarter that came below the StreetAccount consensus estimate.
Cooper Companies — Shares added 1% after the medical devices company posted second-quarter adjusted earnings of $1.21 per share, beating the $1.10 per share consensus estimate, per FactSet. Cooper Companies also posted revenue of $1.08 billion, which exceeded the $1.05 billion analysts had penciled in.
Guidewire Software — The software stock tumbled 16%. Guidewire posted adjusted gross margin of 66.4% in the third quarter, compared with the 67% analysts sought, per StreetAccount. The company beat expectations on the top and bottom lines for the latest period, however.
Argan — The construction engineering company’s stock gained 10%. First-quarter results surpassed expectations, with Argan earning $3.24 per share on revenue of $291 million. Analysts polled by FactSet were looking for $2.31 per share and revenue of $$256 million.
ServiceTitan — The software platform provider with a focus on contractors saw shares pop 12%. ServiceTitan raised its guidance for the full year and now sees adjusted income from operations in a range of $142 million to $147 million. That surpasses its earlier forecast for $128 million to $133 million and the FactSet consensus call for $131.6 million.
Frequently Asked Questions
Why did Lululemon shares fall sharply?
Lululemon dropped 10% after lowering its full-year earnings and revenue guidance due to business headwinds.
What disappointed investors about Docusign?
Docusign's revenue outlook failed to impress, causing the stock to fall 4%.
Why did Rubrik stock decline?
Rubrik shares slipped 2% after reporting first-quarter billings below analyst expectations.
Which company beat earnings and revenue expectations in the medical device sector?
Cooper Companies beat expectations with adjusted earnings of $1.21 per share and revenue of $1.08 billion.
Why did ServiceTitan shares jump 12%?
ServiceTitan raised its full-year profit guidance, forecasting stronger operating income than analysts expected.
