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    • Breaking News
    Sep 8, 2023
    • DocuSign Inc jumped 1% to $52.65 after the company reported better-than-expected revenue in its latest quarter. 

      Revenue in the second quarter ending in July increased 11% to $687.7 million from $622.2 million and the company swung to a profit of $7.4 million from a loss of $45 million and diluted earnings per share was 4 cents compared to (22 cents) a year ago. 

      Free cash flow increased to $183.6 million from $105.5 million in the same period last year.

       
      • RH dropped 9.1% to $335 after the home goods retailer forecasted weak third quarter outlook citing weakness in the luxury residence market on elevated mortgage rates. 

        Revenue in the second quarter ending in July decreased to $800 million from $991.6 million and net income declined to $76.4 million from $122 million and diluted earnings per share fell to $3.36 from $4.54 a year ago. 

        The company forecasted third quarter revenue between $740 and $760 million and adjusted operating margin in the range of 8% to 10%.  

        The retailer raised to the low end of revenue guidance for the year to a range of $3.04 billion to $3.1 billion and reiterated its outlook for adjusted operating margin in the range of 14.5% to 15.5%. 

        RH estimate the 53rd week will result in revenues of approximately $60 million.

        The company repurchased 3.7 million shares in the second quarter at an average price of $325.65, representing approximately 17% of the total shares outstanding at the beginning of the second quarter. 
        • Sep 7, 2023
        • Dutch Bros Inc declined 6.9% to $26.12 after the company announced its plan to raise $300 million through the public offering of Class A common stock. 
          • ChargePoint Holdings Inc plunged 27.5% to $5.08 after the company reported second quarter revenue jumped 39% to $150.5 million from $108.3 million and gross margin plunged to 1% from 17% a year ago. 

            Net loss in the quarter increased to $125.3 million from $92.7 million and diluted loss per share rose to 35 cents from 28 cents a year ago. 
            • Dave & Buster's Inc dropped 3.9% to $36.0 after the restaurant and entertainment company reported quarterly results that missed some investors expectations. 

              Second quarter revenue increased 15.7% to $542.1 million and net income declined to $25.9 million from $29.1 million and diluted earnings per share was 60 cents compared to 59 cents a year ago.  

              Comparable same store sales from a year ago declined 6.3% but rose 5.8% from the same period in 2019. 

              The Company purchased 2.1 million shares at a total cost of $74.5 million in the second quarter. 

              Total share repurchases to date in fiscal 2023 are 5.7 million shares totaling $200 million and representing 11.8% of the outstanding shares as of the end of fiscal 2022.    

              The company Board also expanded share repurchase authorization by $100 million to a total of $200 million.  
              • Sep 6, 2023
              • Asana Inc declined 12.4% to $18.94 despite the work management reporting strong quarterly results and revised higher its full-year outlook. 

                Revenue in the second quarter increased 20% to $162.5 million from $134.9 million and net loss shrank to $71.4 million from $113 million and diluted loss per share declined to 33 cents from 55 cents a year earlier. 

                The company revised higher its third quarter revenue to between $163.5 million and $164.5 million, an increase of 16% and full-year 2024 revenue between $642 million to $648 million, an increase of 17% from a year ago. 
                • Southwest Airlines Co declined 3.2% to $29.82 after the regional airline estimated August bookings were near the "lower-end" of the company's expectations. 

                  The airline also added third quarter revenue per seat mile is likely to be near the low end of its previous estimate.  
                  • Roku Inc soared 6.8% to $88.86 after the company lifted its third quarter revenue to a new range between $835 million and $875 million from the previous estimate of $815 million. 

                    The company also announced its plan to lay off 10% of its staff and review its aggregated content to trim costs and consolidate its office space. 
                    • Gitlab Inc increased 0.7% to $50.10 after the database platform developer reported better-than-expected second quarter results.

                      Second quarter revenue increased 38% to $139.6 million from $101 million and net loss shrank to $51.2 million from $61.5 million and diluted loss per share decreased to 33 cents from 40 cents.

                      The company guided third quarter revenue between $140 million and $141 million and fiscal year 2024 revenue between $555 million and  $557 million. 

                       
                      • Sep 5, 2023
                      • Airbnb Inc jumped 6.3% to $140.81 after the S&P Dow Jones Indices announced Friday that the short term rental platform operator will be included in the S&P 500 index from Sep 18. 

                        Blackstone and Airbnb will replace Newell Brands and Deere & Company.