Stocks making the biggest moves after hours: LULU, FIVE, CXM
Check out the companies making headlines after the bell : Lululemon Athletica â The athleisure maker popped 12% on strong first-quarter results that surpassed Wall Street’s estimates on the top and bottom lines. Lululemon posted earnings of $2.54 per share on $2.21 billion in revenue. It also raised its outlook for full-year earnings per share. Five Below â Shares of the discount retailer sank more than 13% on disappointing guidance. Five Below said it expects second-quarter revenue to range between $830 million and $850 million, behind an LSEG consensus estimate of $883 million. Revenue also came in behind expectations. Victoria’s Secret â The intimate apparel maker added less than 1%. Victoria’s Secret topped earnings expectations in the first quarter and posted revenues that were in line with Wall Street’s estimates. The company said it expects a low single-digit decline in revenues in the current period and reaffirmed its full-year outlook. Smartsheet â The enterprise platform stock leapt 12%. In its first quarter, Smartsheet posted adjusted earnings of 32 cents per share and $263 million in revenue. That surpassed an LSEG consensus estimate for earnings of 27 cents per share and $258 million in revenue. Sprinklr â The enterprise software stock tanked nearly 18% on a weak outlook. Sprinklr said it expects revenues to range between $779 million and $781 million for the full year, versus a prior outlook of $804.5 million to $805.5 million and a FactSet consensus estimate of $805.4 million. Second-quarter guidance also fell short of estimates.
