VMware: The cloud services company experienced a 2.8% decline following its mixed second-quarter report. While VMware exceeded earnings per share expectations, it fell short on revenue.
Lululemon Athletica: Athletic apparel retailer Lululemon Athletica saw a 6% increase in its stock on Friday after reporting solid earnings for the fiscal second quarter. Earnings per share came in at $2.68, surpassing analysts’ expectations of $2.54, with revenue also beating estimates at $2.21 billion. Lululemon also raised its annual guidance.
Broadcom: Despite reporting better-than-expected earnings and revenue for the latest quarter, chip manufacturer Broadcom faced a 5.5% stock drop. This decline followed the company’s issuance of slightly below-expected fiscal fourth-quarter revenue guidance, attributed to concerns about competition in the networking chip sector.
Papa John’s: The pizza chain saw a 1.9% increase in its stock after receiving an upgrade from Wedbush to “outperform” from “neutral,” with the firm asserting that shares were undervalued.
PagerDuty: PagerDuty experienced a 7.7% decrease in its stock price after issuing third-quarter earnings guidance that failed to meet analyst expectations. The company’s projected earnings per share of 13 to 14 cents fell short of the Street Account consensus of 15 cents per share. Additionally, Baird downgraded PagerDuty to “neutral” from “outperform.”
A-Mark Precious Metals: The precious metals trading company’s stock soared by 10.9% following its latest quarterly results and announced a $1 per share special dividend. While revenue exceeded expectations at $3.16 billion, earnings per share came in at $1.71, slightly lower than the anticipated $1.76.
Dell Technologies: Dell Technologies experienced an impressive 21.3% surge in its stock on Friday, surpassing analysts’ second-quarter expectations. The computer company reported adjusted earnings per share of $1.74 and revenue of $22.93 billion, exceeding Refinitiv’s expectations of $1.14 per share and $20.85 billion in revenue. Morgan Stanley also named Dell a top pick in IT hardware.
Walgreens Boots Alliance: The drugstore chain’s stock declined by 7.4% following the announcement of Roz Brewer’s departure as the company’s chief executive and her resignation from the board.
Tesla: Tesla’s stock experienced a 5.1% decline following the electric vehicle manufacturer’s decision to lower prices on specific Model S and Model X vehicles in the Chinese market.
MongoDB: MongoDB’s database software company witnessed a modest 3% rise in its stock on Friday, outperforming Wall Street’s projections in its second-quarter financial results. The company reported adjusted earnings of 93 cents per share and revenue totaling $423.8 million, significantly exceeding Refinitiv’s consensus estimate of 46 cents per share and $393 million in revenue.