The after-hours trading market can be volatile, and investors are always on the lookout for companies making headlines. Let’s take a look at some of the recent movers and shakers in the market.
Adobe, a software stock, saw a 10% drop in its stock price after weak guidance for current-quarter revenue. Despite this setback, Adobe beat analysts’ predictions in its fiscal first quarter and announced a $25 billion share buyback.
Ulta, a beauty retailer, slipped 5% as full-year earnings expectations fell on the low end of Wall Street’s forecast. While Ulta’s outlook for revenue and fourth-quarter results were strong, the lower earnings projections overshadowed these positives.
Cardlytics, an advertising platform, soared 37% after reporting positive adjusted earnings before interest, taxes, depreciation, and amortization for the first time since 2019. The company also provided stronger guidance for current-quarter financials than Wall Street had anticipated.
PagerDuty, an incident response platform, saw its shares drop about 9% after weaker-than-expected earnings and revenue guidance for both the current quarter and full year. However, PagerDuty managed to beat analysts’ estimates in the fourth quarter.
Zumiez, a specialty retailer, shed 5% after issuing a weak outlook for the current quarter. The company expects a loss per share higher than analysts’ estimates and lower quarterly revenue than expected.
Smartsheet, a business software provider, saw its stock retreat by 7% as revenue guidance fell short of Wall Street’s expectations. The company advised investors to expect lower revenue for both the current quarter and full year compared to analysts’ forecasts.
Overall, these companies have experienced varying degrees of success and challenges in after-hours trading, highlighting the importance of staying informed and proactive in the market.
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