- Lulu’s Athletica — Following the release of its quarterly financial results, shares of the athleisure apparel manufacturer increased by around 1%.
- RH After an early jump on the reporting of good results and revenue for the most recent quarter, shares of the premium home furnishings company fell 2.2 percent.
Lululemon Athletica — Following the release of its quarterly financial results, shares of the athleisure apparel manufacturer increased by around 1%. Earnings and revenue surpassed Wall Street analysts’ expectations, bolstered by growth online and in the retailer’s men’s business. The corporation also boosted its fiscal 2022 projection.
— RH After an early jump on the reporting of good results and revenue for the most recent quarter, shares of the premium home furnishings company fell 2.2 percent. A dismal full-year projection weighed on the stock. According to Refinitiv, it anticipates second-quarter sales to fall by 1% to 3%, contrary to projections of a 5% gain.
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Okta — The manufacturer of identification and authorization services had its stock rise 16% after reporting revenue of $415 million for the most recent quarter, compared to analysts’ expectations of $389 million. Its loss of 27 cents per share was less than anticipated. According to Refinitiv, analysts predicted a loss of 34 cents per share.
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Asana — Shares of work management platform Asana slid around 3.6 percent after the company said it expects an adjusted loss of 38 cents to 39 cents per share in the second quarter, which is more than expected. A loss of 32 cents per share was forecast. The company reported solid first-quarter revenue and a lower-than-expected adjusted loss per share of 30 cents. It also provided an optimistic revenue forecast.
CrowdStrike – The cloud company’s stock dropped.
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