Stocks with the biggest gains after hours: ULTA, DELL, LULU, MDB | Wilnesh News
Check out the companies making headlines in after-hours trading. Ulta Beauty — Shares of Ulta Beauty fell nearly 7% after the beauty products retailer missed second-quarter revenue and profit estimates. Ulta earned $5.30 per share, while analysts polled by LSEG expected earnings of $5.46 per share. Revenue of $2.55 billion was also below analysts’ forecasts of $2.61 billion. The company also lowered its full-year forecast. MongoDB – Shares of the database company rose nearly 13%. MongoDB issued strong fiscal third-quarter guidance, predicting adjusted earnings of 65 cents to 68 cents per share and revenue of $493 million to $497 million. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of 60 cents per share on revenue of $479 million. Dell Technologies — Shares of Dell Technologies rose 3.6% after the technology company handily topped quarterly estimates. Dell reported fiscal second-quarter adjusted earnings of $1.89 per share, beating analysts’ expectations of $1.71 per share, according to LSEG. Its revenue of $25.03 billion also exceeded analysts’ forecasts of $24.53 billion. Marvell Technology — Shares of the semiconductor company rose nearly 9%. Marvell’s fiscal third-quarter guidance exceeded analysts’ expectations, with adjusted earnings of 40 cents per share on revenue of $1.45 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of 38 cents per share on revenue of $1.4 billion. Lululemon Athletica — Shares of Lululemon Athletica rose 6% after the athletic apparel retailer reported better-than-expected second-quarter profit but sluggish revenue. Lululemon reported earnings of $3.15 per share on revenue of $2.37 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $2.93 per share on revenue of $2.41 billion. Elastic NV – Shares of the artificial intelligence search company fell 23%. Elastic has a weak forecast for fiscal second-quarter revenue of $353 million to $355 million, compared with analysts’ expectations of $361 million for LSEG. Full-year revenue guidance is also weak. However, first-quarter earnings beat Wall Street expectations. —CNBC’s Darla Mercado contributed reporting.