Julie Wainwright, CEO of The RealReal
Scott Mlyn | CNBC
Check out the companies that make news after Monday’s bell:
Palo Alto Networks: Shares of cybersecurity company fell about 1% after Palo Alto Networks reported 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 reached $ 1.02 million, above a Refinitiv estimate of $ 986 million. “The momentum of the business remains strong, with second-quarter revenue growth of 25% year-on-year to more than US $ 1 billion,” CEO Nikesh Arora said in a statement.
Carnival: Carnival shares fell 2.2% after the company said it was selling $ 1 billion in common stock. Goldman Sachs will lead the public offering.
The RealReal: The company’s shares of the luxury market fell 7.4% as a result of disappointing quarterly figures. RealReal lost 49 cents per share. Analysts had expected a loss of 41 cents per share, according to Refinitiv. The company’s revenue also fell below analysts ’expectations by about $ 9 million ($ 84.6 million).
Trex Company: Trex shares fell 4.2%, even after the composite decking manufacturer reported better-than-expected results in its fourth quarter. The company reported earnings of 37 cents per share, exceeding by one hundredth the estimate of FactSet. 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 as we fill inventory in the channel,” the company said.
Diamondback Energy: Energy company shares fell 2.4% after Diamondback’s quarterly revenue and earnings missed analysts ’expectations. Diamondback Energy gained 40 cents per share, compared to a FactSet forecast of 84 cents per share. Revenue reached $ 769 million, about $ 3.3 million below expectations.
Cadence Design Systems: Cadence shares appeared 6.3% after the software company reported better-than-expected fourth-quarter results. The company recorded a profit per share of 83 cents per share, exceeding the FactSet estimate by 9 cents. Cadence also reported revenue of $ 760 million, exceeding forecasts of $ 732 million.
ZoomInfo Technologies: ZoomInfo shares rose more than 11% after the company posted its latest quarterly earnings. ZoomInfo earned 12 cents per share the previous quarter. Analysts expected a profit of 10 cents per share, according to Refinitiv. The company also issued better-than-expected profit guides for the full year. In addition, the company noted that it closed the year with more than 20,000 customers, including more than 850 customers with an annual contract value of $ 100,000 or more.
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 bid.