Ulta Beauty, Big Lots, Autodesk, Workday and more
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Ulta Beauty Store
Scott Mlyn | CNBC
See which companies are making the headlines Friday morning trading.
Ulta Beauty — The beauty retailer surged 10% following better-than-expected quarterly earnings and revenue. Ulta Beauty shared an even better outlook for the entire year.
American Eagle — The stock dropped 4.2% after the retailer posted weaker-than-expected quarterly revenue. American Eagle’s revenue was $1.055 Billion, compared to the Refinitiv consensus estimate at $1.142B.
Autodesk — Shares surged nearly 9% after the software company reported earnings and revenue that beat analyst expectations. Autodesk posted total net revenues of $1.170 billion, which was higher than Refinitiv’s consensus estimate of $1.145 million. Autodesk’s earnings were $1.43 per share which beats expectations by 9 cents.
Big Lots — Shares dropped 10% after the discounter reported an earnings miss. Big Lots blamed inflationary pressures, while issuing weaker guidance for the full year. Also, the company saw a drop in comparable store sales than was expected.
Pinduoduo — Shares soared 10% after the Chinese e-commerce company reported quarterly results that surpassed expectations. Pinduoduo reported an increase of 7% in active customers over the previous year.
Dell — Shares of the IT company surged 12.5% following better-than-expected profit and revenue for the previous quarter. According to the computer hardware manufacturer, it was able to benefit from an increase in laptop and desktop sales by businesses customers.
Red Robin — Shares of Red Robin Gourmet Burgers soared 19.6% after the restaurant chain beat on revenue estimates and shared a smaller-than-expected loss in the recent quarter. Comparable store sales rose 19.7% over the previous year. This beats a StreetAccount forecast that was 17%.
Marvell Technology — Shares jumped nearly 5% after the company reported earnings that beat expectations. Marvell Technology posted earnings of 52c per share for revenues of $1.447 million. Refinitiv polled analysts and found that they expected earnings to be 51 cents per share for revenues of $1.427 trillion.
Workday — Shares dropped more than 6% after the human capital management company reported earnings that came in below expectations. Earnings from Workday came in at 83 cents per sen, which is less than what Refinitiv estimates to be 86 cents.
— CNBC’s Tanaya Macheel, Hannah Miao and Samantha Subin contributed reporting.
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