LULU, HPE, RBRK, AMC and more
Check out the companies making headlines in midday trading. Lululemon – The athleisure retailer soared more than 18% after topping Wall Street’s estimates for the fiscal third quarter and issuing in-line guidance for the holiday season. Petco – Shares jumped more than 16.7% after the pet retailer reported a smaller-than-expected loss for the third quarter. Petco recorded lost 2 cents per share. Analysts had anticipated a loss of 4 cents per share, according to LSEG. Revenue also beat analysts’ estimates. DocuSign — Shares of the e-signature company jumped more than 27% after Docusign forecasted fourth-quarter revenue between $758 million and $762 million, exceeding the consensus forecast of $756 million, according to LSEG. The company’s third-quarter adjusted earnings and revenue also topped the Street’s estimates. AMC Entertainment –The movie theatre stock fell more than 10% after AMC agreed to sell up to 50 million shares after a post on X from meme stock personality “Roaring Kitty” sent shares of both the company and Victoria’s Secret – The lingerie company jumped 9.4% following its better-than-expected third-quarter results. Victoria’s Secret posted a loss of 50 cents per share on $1.35 billion in revenue. Analysts surveyed by LSEG had expected a loss of 63 cents per share on $1.29 billion in revenue. The company also raised its full-year outlook . Asana – Shares rallied 44% after the work management software company posted a smaller-than-expected adjusted loss. Asana reported a loss of 2 cents per share on $184 million in revenue in the third quarter. Analysts surveyed by LSEG had expected a loss of 7 cents per share on $181 million in revenue. Rubrik – The data security stock surged 24.8% after the company posted a smaller-than-expected loss in the third quarter. Rubrik reported losses of 21 cents per share, while analysts’ estimates had called for a loss of 40 cents per share, according to LSEG. The company also beat revenue expectations, posting $236 million in revenue compared to the consensus estimate of $218 million. Samsara – Shares of the software company fell 5% lower after issuing lukewarm guidance for the fourth quarter. For the period, Samsara expects earnings of 7 to 8 cents per share and revenues to come in between $334 million and $336 million. Analysts surveyed by LSEG were expecting 6 cents per share on revenue of $336 million. To be sure, the company managed to exceed earnings and revenue estimates for the third quarter. Hewlett Packard Enterprise — Shares advanced around 10% after the company reported a top- and bottom-line beat in the fiscal fourth quarter. HP Enterprise reported adjusted earnings of 58 cents per share, versus forecasts of 56 cents per share, according to LSEG. Revenues of $8.46 billion also topped consensus estimates calling for $8.26 billion. Energy stocks — Oil stocks declined as analysts continued to forecast an crude supply surplus in 2025, despite the OPEC+ decision to postpone planned supply increases. Diamondback Energy and Halliburton dropped 3.8% and 2.7%, respectivley. APA fell 2.6%. DraftKings — Shares of the sportsbetting giant dipped after Sen. Mike Lee, R-Utah, tweeted that “we can’t allow online gambling companies like @FanDuel & @DraftKings to violate anti-trust laws,” in support of Federal Trade Commission Chair Lina Khan’s inquiry into both companies alleging possible anticompetitive conduct by both companies. DraftKings shared dipped about 0.9%. — CNBC’s Yun Li, Sean Conlon and Pia Singh contributed reporting
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