Stocks making the biggest moves after hours: LULU, ZS, GWRE
Here are some of the companies making headlines in extended trading. Lululemon Athletica — Shares of the sportswear manufacturer tanked almost 18% after the company posted a glum forecast for the current quarter. Lululemon called for earnings in a range of 93 cents to 98 cents per share on revenue of $2.29 billion to $2.32 billion. Analysts were looking for $2.40 per share and $2.53 billion. Docusign — The software company jumped more than 4% after it reported an earnings and revenue beat in its second-quarter financial report. Docusign also hiked the high end of its full-year revenue guidance, as well as its full-year forecast for its non-GAAP operating margin. Zscaler — Shares for the cloud security company jumped 2%. The company posted fourth-quarter adjusted earnings of $1.19 per share on revenue of $898 million, beating the LSEG consensus call for $1.09 per share on $877 million. Guidance for the current quarter also beat expectations. Adobe — The software company announced Anil Chakravarthy would be its next CEO . He succeeds Shantanu Narayen who said last March that he would step down from the role. Shares were last down 1%. Planet Labs — Shares of the satellite imagery company advanced 7% on the back of strong second-quarter results. Planet Labs posted adjusted earnings of 2 cents per share on revenue of $116.1 million. Analysts polled by FactSet were looking for a loss of 2 cents per share and $104.5 million in revenue. Asana — Shares of the work management software platform tumbled about 10% after current quarter guidance failed to impress the Street. Asana sees third-quarter revenues in a range of $217 million to $219 million and adjusted earnings of 8 cents per share. Analysts polled by LSEG sought 9 cents per share in earnings and $218 million in revenue. Guidewire Software — The platform for insurers tumbled 15% after revenue guidance for the current quarter fell short of expectations. Guidewire sees revenue ranging from $372 million to $378 million, versus the LSEG consensus estimate of $387 million. Samsara — The software company with a focus on Internet of Things surged 14% on rosy projections. Samsara sees full-year revenue ranging from $2.04 billion to $2.05 billion, topping the $2.01 billion LSEG consensus estimate. Guidance for adjusted earnings of 76 cents to 78 cents a share surpassed the expected 72 cents per share. UiPath — The software company lost 7%. UiPath sees current quarter adjusted operating income of roughly $100 million, versus the FactSet consensus call for $99.6 million. Revenue guidance for the period ranges from $440 million to $445 million, versus the estimated $441.5 million. CNBC’s Ananya Chetia and Davis Giangiulio contributed reporting.
