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Let’s check out the companies that are becoming a hot topic for after-hours trading. Adobe — The software stock fell 10% on the back of a weaker earnings outlook for the current quarter. Nevertheless, Adobe beat analyst expectations in both areas in its fiscal first quarter, announcing $25 billion in stock buybacks. Ulta — The beauty retailer fell 5% after its full-year profit forecast fell below the low end of Wall Street estimates. Ulta said he expects earnings per share to be between $26 and $27 for the year. Most of this range is below the $27 expected by analysts compiled by LSEG (formerly Refinitiv). This overshadowed a strong revenue outlook and a better-than-expected fourth quarter. Cardlytics — The advertising platform soared 37% after the company reported its first adjusted profit before interest, taxes, depreciation, and amortization since 2019. Cardlytics also expects to have provided stronger guidance than Wall Street regarding its financials for the current quarter. PagerDuty — Shares of the incident response platform fell about 9% after the company reported lower-than-expected revenue and earnings guidance for the current quarter and full year. However, the company was able to beat analysts’ expectations in both areas in the fourth quarter. Zumiez — The specialty retailer fell 5% after giving a weak outlook for the current quarter. Mr. Zumiez had expected a loss of $1.09 to $1.19 per share, while analysts surveyed by FactSet expected a loss of just 34 cents. The company forecast quarterly revenue in the range of $167 million to $172 million, below analysts’ expectations of $186.3 million. Smartsheet — The business software provider retreated his 7% as its earnings outlook overwhelmed Wall Street. Smartsheet told investors that revenue for the quarter will range from $257 million to $259 million, and for the full year, revenue will range from $1.113 billion to $1.118 billion. I advised him that he expected it to happen. Analysts surveyed by FactSet expected sales of $262.3 million for the quarter and $1.14 billion for the year.
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