Let’s take a look at some of the companies that were making waves in after-hours trading. DocuSign — The e-signature software company rose about 1% after its sales and profits beat expectations. DocuSign’s second-quarter adjusted earnings were 97 cents per share, beating analysts’ expectations of 80 cents per share, according to LSEG. DocuSign’s revenue of $736 million also beat analysts’ expectations of $727 million for the quarter. Broadcom — The semiconductor company fell about 6%. Broadcom reported fourth-quarter revenue of $14 billion, while analysts were expecting $14.04 billion, according to LSEG. In the third quarter, Broadcom reported adjusted earnings per share of $1.24 on revenue of $13.07 billion, while analysts in LSEG’s survey were expecting earnings per share of $1.20 on revenue of $12.97 billion. UiPath — Shares rose 7% after the software company’s second-quarter results beat expectations. UiPath reported adjusted earnings of 4 cents a share on revenue of $316 million, while analysts surveyed by LSEG had expected 3 cents a share on revenue of $304 million. The company also expanded its share buyback program. Bowlero — Shares of the bowling alley chain rose 11%. Bowlero’s fourth-quarter revenue beat expectations at $283.9 million, while analysts had expected $273.4 million, according to FactSet. The high end of the company’s fiscal 2025 revenue guidance was also slightly above Wall Street expectations, in the range of $1.22 billion to $1.28 billion, while analysts had expected $1.24 billion. Samsara — The software company rose 5%. Samsara’s full-year guidance beat analyst expectations, with the company expecting adjusted earnings of 16 cents to 18 cents per share and revenue of $1.224 billion to $1.228 billion. Analysts surveyed by LSEG had expected earnings of 13 cents per share and revenue of $1.21 billion. Smartsheet — The work management software company rose 3%. Second-quarter adjusted earnings were 44 cents per share and revenue of $276.4 million. Analysts surveyed by FactSet had expected earnings of 29 cents per share and revenue of $274.2 million. Reuters also reported, citing sources, that a consortium of private equity firms is in talks to buy Smartsheet. — CNBC’s Darla Mercado contributed to the report.
Subscribe to Updates
Subscribe to our newsletter and stay updated with the latest news and exclusive offers.
Biggest movers in after-hours trading: AVGO, DOCU, PATH
Related Posts
Add A Comment
Services
Subscribe to Updates
Subscribe to our newsletter and stay updated with the latest news and exclusive offers.
© 2024 Business Investopedia. All Rights Reserved.