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DocuSign Stocks Drop 8.5%, Braze Surges 15% as 1Q Results Beat Expectations, and More in Earning

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June 07 2024 4:09AM

Braze (NASDAQ:BRZE) – Braze reported an adjusted loss of 5 cents per share in the first quarter, better than the expected loss of 10 cents per share projected by analysts, according to LSEG. Revenue reached $135 million, exceeding expectations of $132 million. The cloud-based software company forecasts an adjusted loss per share of $0.03 to $0.04 for the next quarter, compared to the consensus forecast of -$0.04. It also projects revenue of $140.5 million to $141.5 million for the second quarter, above the consensus estimate of $139.8 million. Shares rose 15.2% in pre-market trading.

DocuSign (NASDAQ:DOCU) – The electronic contracts company reported adjusted earnings of 82 cents per share in the first quarter, with revenue of $710 million. Analysts, according to LSEG, expected earnings of 79 cents per share and revenue of $707 million. For the current quarter, the company expects revenue between $725 million and $729 million. Analysts surveyed by FactSet expected $726.5 million. Additionally, DocuSign authorized a $1 billion increase in its share repurchase program. Shares fell 8.5% in pre-market trading.

GameStop (GME) – Despite being boosted by the enthusiasm surrounding Gill, GameStop reported a 29% drop in first-quarter sales, totaling $881.8 million. The company lost $32.3 million, an improvement from the $50.5 million loss in the previous year. GameStop also announced plans to sell an additional $30 million in shares. The stock reversed from a gain of over 30% to a 16.4% drop in pre-market trading shortly after the video game retailer announced its first-quarter results.

Samsara (NYSE:IOT) – The IoT company reported adjusted earnings of 3 cents per share and revenue of $281 million, beating analysts’ expectations of 1 cent per share and $272 million in revenue, according to LSEG. For fiscal year 2025, Samsara forecasts earnings per share between $0.13 and $0.15, above the consensus estimate of $0.12. The company also projects revenue between $1.205 billion and $1.213 billion, slightly above the consensus forecast of $1.2 billion. As a result, shares fell 6.2% in pre-market trading.

Vail Resorts (NYSE:MTN) – The mountain resort company reported third-quarter fiscal earnings of $381.4 million, or $9.54 per share, on revenue of $1.28 billion. These results were below analysts’ expectations of $9.97 per share in earnings and $1.3 billion in revenue, according to LSEG. The company expects net income of $224 million to $256 million for its fiscal year, below the forecast given in March. Shares fell 8.5% in pre-market trading.

Mission Produce (NASDAQ:AVO) – The producer and distributor of avocados, mangoes, and blueberries reported a profit of $7 million, or 10 cents per share, and revenue of $297.6 million in the second fiscal quarter. Revenue increased 35% compared to the same period last year, when the company reported a loss of $4.6 million, or 7 cents per share. The results also exceeded analysts’ estimates surveyed by FactSet, who projected an adjusted loss of 3 cents per share and sales of $215 million.

Planet Labs (NYSE:PL) – The satellite imaging services company exceeded expectations in the first quarter by reporting a smaller-than-expected adjusted loss of 5 cents per share and revenue of $60.4 million. Analysts expected a loss of 7 cents per share and revenue of $60 million, according to LSEG.

Rent the Runway (NASDAQ:RENT) – The e-commerce platform for designer clothing and accessories reported a quarterly loss of $6.03 per share in the first quarter, better than the estimated loss of $6.56 per share, according to Zacks consensus. Revenue was $75 million, slightly above the $74.2 million in revenue for the same period last year.

Tillys (NYSE:TLYS) – The California-based clothing retailer reported mixed results in the first quarter. The loss per share was 48 cents on revenue of $115.86 million. Analysts’ consensus was a loss per share of 47 cents and revenue of $115.16 million.

Zumiez (NASDAQ:ZUMZ) – The clothing retailer reported a loss per share of 86 cents and revenue of $177.39 million in the first quarter. This was above Wall Street’s estimates of a loss per share of $1.14 and expected revenue of $171.40 million.

NGL Energy Partners (NYSE:NGL) – The diversified energy logistics company reported a net loss of $236.8 million, or $2.05 per share, in the fourth quarter of 2024, a significant worsening from the loss of $33.5 million, or 51 cents per share, in the same period last year. Revenue fell 20% to $1.63 billion due to declines in its three units. The adjusted EBITDA for the quarter was $147.5 million.

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