After Automation Software Company lists first quarter operating income and revenue figures that exceed Factset’s estimate, check out the companies making headlines before Bell:Uipath. Stocks skyrocketed 12%. UIPATH also raises full-year revenue guidance and believes current four-quarter revenues will be between $345 million and $350 million, but analysts voted by FactSet were expecting $331.3 million. Ulta Beauty – Beauty retailer stocks won 9% after raising annual profit forecasts and crushed expectations with quarterly results. Ulta said lower inventory losses and new launches, particularly celebrities-owned brands, helped drive demand in stores. American Eagle – Shares fell 7% after clothing retailers reported first-quarter adjusted losses of 29 cents per share. American Eagle’s $1.09 billion revenues appeared as expected. Gap – Apparel retailers plummeted 13% after forecasting sales to flatten in the current quarter, while analysts were hoping for 0.2% growth. This inactive guidance overshadowed the first quarter revenue and revenue beats of the gap. The stocks met 10% after Elastic NV – American-Dutch Software Company led full-year revenues in the range of $1.655 billion to $1.67 billion. This missed the prospect of a $1.68 billion fact set consensus. Marvell Technology – Chipstock slipped by 4% after quarter results almost matched expectations. Marvell Technology shares rose 9% in May before the report. According to LSEG, earnings per share were 62 cents. NetApp – After forecasting adjusted revenue for the fiscal first quarter, data infrastructure stock fell 5% to the range of $1.48 to $1.58, with analysts voting $1.65 per share in fact set forecasts. However, NetApp posted revenue and revenue beats in the last quarter. Regeneron Pharmaceuticals, Sanofi – Biopharma Stocks Regeneron Pharmaceuticals and Sanofi reduced 10% and 4% respectively, after reporting mixed results in a late-stage trial of a respiratory drug called Itepekimab, which they are developing together. Airbnb – Shares slipped 3% after Truist Securities downgraded the short-term vacation home rental company from hold to selling valuation. Analyst Patrick Scholes said investors didn’t fully explain the tender summer leisure trends in both the US and Europe. PagerDuty – Cloud computing stock fell 5% after quarter guidance predicted to fall between 19 cents and 20 cents per share, excluding items. This was lower than the analyst’s profit guidance of 23 cents per share that Factset voted in pencil. Zscaler – Shares rose 6% after cloud security firms surpassed analysts’ expectations for the third quarter and increased full-year revenue and revenue guidance. Zscaler scored 84 cents on an adjusted basis in the third quarter. Revenue of $678 million exceeded the estimated $666.5 million. – CNBC’s Yunlee, Salamine and Jesse Pound contributed the report.
Stock localities making the biggest move: ulta, abnb, gap, aeo
