DocuSign CEO Daniel Springer.
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Shares of DocuSign rose as much as 22% after the company reported better-than-expected sales in the second quarter and provided strong third-quarter revenue guidance quarter and all year. This news outweighed DocuSign's earnings per share in the second quarter, which fell 3 cents less than the consensus estimate from Refinitive. Dan Springer, CEO of DocuSign, cites the company's growing number of customers.
Crowdstrike fell 8% despite reporting a smaller loss than expected in the second quarter. The cybersecurity company reported an adjusted loss per share in the second quarter of 1
Shares of Zoom Video slipped despite better earnings than expected for the second quarter. The conference services company reported adjusted earnings per share of 8 cents on revenue of $ 146 million. Analysts had projected earnings per share of 1 percent on revenue of $ 130 million, according to consensus estimates from Refinitive. Eric Yuan, founder and CEO of Zoom, said the company has seen "increased profitability and free cash flow." The Zoom stock has risen since its release in April, closing at $ 92.69 on Thursday.
Lululemon rose as much as 5% after beating analysts' expectations for the second quarter driven by 35% growth in men's sales. The athletic clothing retailer reported a profit of $ 96 a share on revenue of $ 883 million. Analysts had projected revenue of 89 cents per $ 846 million in revenue, according to Consinitive Consensus Estimates. Lululemon's comparable store sales also increased by 15% and the company expected promising earnings per share in the third quarter and stock.