Business

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.

related investment news

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

CNNBC Pro
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.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button