Business

Lululemon, RH, Okta and more


People line up to enter the store during Black Friday shopping at the Chicago Fashion Store in Rosemont in the Greater Chicago Area, Illinois, U.S., on November 26, 2021.

Joel Lerner | Xinhua News Agency | beautiful pictures

Check out the companies that hit the headlines in the extended trading.

Lululemon Athletica – Shares of sports apparel company rose about 1% after its quarterly financial results. Earnings and sales topped Wall Street analysts’ estimates, boosted by growth online and in the retailer’s men’s division. The company also gave its outlook for fiscal year 2022.

RH The high-end home furniture company saw its stock drop 2.2% after a spike shortly after it posted strong earnings and revenue for its most recent quarter. The stock weighting is a weak forecast for the full year. According to Refinitiv, it expects second-quarter revenue to fall 1% to 3%, compared with estimates for a 5% increase.

Okta The authentication and authorization services maker saw its stock jump 16% after it reported $415 million in revenue for its most recent quarter, compared with analysts’ estimates of $389 million. . Its loss of 27 cents/share was lower than expected. According to Refinitiv, analysts estimate a loss of 34 cents per share.

Asana – Shares of task management platform Asana fell about 3.6% after the company said it expected a broader-than-expected adjusted loss of 38 cents to 39 cents per share in the second quarter. . A loss of 32 cents per share was predicted. The company posted strong first-quarter revenue and a lower-than-expected adjusted loss of 30 cents per share. It also gives an upbeat revenue forecast.

CrowdStrike – Shares of the cloud computing company fell 3.7% despite CrowdStrike posting a beat in both earnings and revenue in its most recent quarter.



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