Carnival, Palo Alto Networks, RealReal and more

Julie Wainwright, CEO of The RealReal

Scott Mlyn | CNBC

Take a look at the companies making the headlines after the bell on Monday:

Palo Alto Networks: Shares of the cybersecurity company fell nearly 1% after Palo Alto Networks posted better-than-expected results for its second quarter. The company reported earnings per share of $ 1.55, compared to a Refinitiv forecast of $ 1.43. Palo Alto’s revenue was $ 1.02 billion, above Refinitiv’s estimate of $ 986 million. “Momentum in the business remains strong, with second quarter revenue growth of 25% year-over-year to more than $ 1 billion,” Chief Executive Officer Nikesh Arora said in a statement.

Carnival – Carnival shares fell 2.2% after the company said it was selling $ 1 billion worth of common stock. Goldman Sachs will lead the public offering.

The RealReal – Shares of the luxury market company fell 7.4% due to disappointing quarterly figures. The RealReal lost 49 cents a share. Analysts had expected a loss of 41 cents a share, according to Refinitiv. The company’s revenue also fell short of analyst expectations by about $ 9 million to $ 84.6 million.

Trex Company – Trex shares fell 4.2% even after the composite decking maker reported better-than-expected results in its fourth quarter. The company reported earnings of 37 cents a share, beating a FactSet estimate by 1 cent. The company’s revenue was also stronger than expected at $ 228 million. “We expect growth to expand in the second and third quarters as our capacity increases and we replenish inventory in the channel,” the company said.

Diamondback Energy: Energy company shares fell 2.4% after Diamondback’s quarterly earnings and revenue fell short of analyst expectations. Diamondback Energy earned 40 cents a share, compared to a FactSet forecast of 84 cents a share. Revenues reached $ 769 million, approximately $ 3.3 million below expectations.

Cadence Design Systems: Cadence stock rose 6.3% after the software company reported better-than-expected fourth-quarter results. The company posted earnings per share of 83 cents a share, beating a FactSet estimate by 9 cents. Cadence also reported revenue of $ 760 million, beating a forecast of $ 732 million.

ZoomInfo Technologies: ZoomInfo shares rose more than 11% after the company posted its latest quarterly earnings. ZoomInfo earned 12 cents a share in the prior quarter. Analysts had expected a profit of 10 cents a share, according to Refinitiv. The company also issued better-than-expected earnings guidance for the full year. Additionally, the company noted that it ended the year with more than 20,000 clients, including more than 850 clients with $ 100,000 or more in annual contract value.

Shopify: Shopify shares fell 2.1% on news that the company will sell 1.18 million Class A shares. Citigroup, Credit Suisse and Goldman Sachs will lead the offering.


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