DocuSign, Tesla, RH and others

Check out companies that make headlines before the call.

DocuSign – Shares of the digital signature company rose 16.4% after DocuSign’s quarterly performance beat Wall Street’s expectations. DocuSign also shared an above-expected third-quarter earnings forecast and a full-year forecast that was in line with estimates.

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Sell ​​Virgin Galactic as space flights are delayed, Bernstein says in downgrade

Sell ​​Virgin Galactic as space flights are delayed, Bernstein says in downgrade

Zscaler – Zscaler is up 14.1% after posting strong results for the latest quarter. The cloud security company reported adjusted earnings of 25 cents per share on revenue of $318 million. Analysts polled by Refinitiv expected earnings of 20 cents per share on $305 million in revenue.

RH – Shares of the luxury home goods retailer plunged 1% on disappointing revenue guidance. RH expects third-quarter revenue to decline 15-18%, more than StreetAccount’s forecast of 10.7%.

Virgin Galactic. The space tourism company’s shares fell 1.9% after Bernstein downgraded them to underperforming, citing declining confidence in Virgin Galactic’s business as the company burns money and delays flights.

Tesla — Tesla shares rose 1.3% in premarket trading after news that the electric vehicle maker is considering building a lithium recycling plant to make electric vehicle batteries in Texas this year, according to a filing with the Office of the Comptroller of Texas.

Navient – Shares fell 2.1% after Barclays downgraded the student loan company’s stock to equal weight. The firm said President Joe Biden’s debt relief plan could hurt Navient’s earnings going forward.

Regeneron – Shares of Regeneron rose about 1% in premarket trading after Morgan Stanley upgraded the stock to overweight following positive results from an eye drug trial. It came a day after the stock soared almost 19% on the back of those results.

Zumiez – Shares in the apparel company fell 13% in premarket trading after disappointing quarterly results. Zumiez earned 16 cents per share, below StreetAccount’s estimate of 47 cents per share. The company’s gross profit also came in below expectations.

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