Julie Wainwright, CEO, The RealReal
Scott Mlyn | CNBC
Check out the firms making headlines after the bell on Monday:
Palo Alto Networks – Shares of the cybersecurity firm fell almost 1% after Palo Alto Networks reported better-than-expected outcomes for its second quarter. The firm reported earnings per share of $1.55, in comparison with a Refinitiv forecast of $1.43. Palo Alto’s income got here in at $1.02 billion, above a Refinitiv estimate of $986 million. “The momentum in the business continues to be strong, with second quarter revenue growth of 25% year over year to over 1 billion USD,” CEO Nikesh Arora stated in a press release.
The RealReal – Shares of the luxurious market firm dropped 7.4% on the again of disappointing quarterly numbers. The RealReal misplaced 49 cents per share. Analysts anticipated a lack of 41 cents per share, in response to Refinitiv. The firm’s income additionally fell wanting analyst expectations by about $9 million at $84.6 million.
Trex Company — Trex shares fell 4.2% even after the composite decking producer reported better-than-expected leads to their fourth quarter. The firm reported earnings of 37 cents per share, beating a FactSet estimate by 1 cent. The firm’s income was additionally stronger than anticipated at $228 million. “We expect growth to expand in the second and third quarters as our capacity increases and as we backfill inventory in the channel,” the firm stated.
Diamondback Energy – Shares of the vitality firm slid 2.4% after Diamondback’s quarterly earnings and income missed analyst expectations. Diamondback Energy earned 40 cents per share, in comparison with a FactSet forecast of 84 cents per share. Revenue got here in at $769 million, about $3.Three million under expectations.
Cadence Design Systems — Cadence shares popped 6.3% after the software program firm reported better-than-expected fourth-quarter outcomes. The firm posted earnings per share of 83 cents per share, topping a FactSet estimate by 9 cents. Cadence additionally reported income of $760 million, beating a forecast of $732 million.
ZoomInfo Technologies — ZoomInfo shares rallied more than 11% after the firm launched its newest quarterly earnings. ZoomInfo earned 12 cents per share in the earlier quarter. Analysts anticipated a revenue of 10 cents per share, in response to Refinitiv. The firm additionally issued better-than-expected earnings steerage for the full yr. Additionally, the firm famous that it closed the yr with more than 20,000 prospects, together with more than 850 prospects with $100,000 or higher in annual contract worth.
Shopify – Shopify shares dipped 2.1% on the information the firm will promote 1.18 million Class A shares. Citigroup, Credit Suisse and Goldman Sachs will lead the providing.