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- Stocks with the biggest price movements after the market close: AVGO, DOCU, PATH
Stocks with the biggest price movements after the market close: AVGO, DOCU, PATH
Check out the companies making headlines in after-hours trading: DocuSign – The e-signature software company rose nearly 1% after beating revenue and profit. DocuSign’s second-quarter adjusted earnings of 97 cents per share beat analysts’ expectations of 80 cents per share, according to LSEG. DocuSign’s revenue of $736 million also beat estimates of $727 million for the quarter. Broadcom – The semiconductor company fell about 6%. LSEG said Broadcom expects revenue of $14 billion for the fourth fiscal quarter, while analysts had expected $14.04 billion. In the third fiscal quarter, Broadcom reported adjusted earnings of $1.24 per share on revenue of $13.07 billion, while analysts surveyed by LSEG expected earnings of $1.20 per share on revenue of $12.97 billion. UiPath – Shares gained 7% after the software company’s second-quarter results came in better than expected. UiPath reported adjusted earnings of 4 cents per share on revenue of $316 million, while analysts surveyed by LSEG expected earnings of 3 cents per share on revenue of $304 million. The company also expanded its share buyback program. Bowlero – Shares of the bowling alley chain gained 11%. Bowlero’s fourth-quarter revenue beat estimates at $283.9 million, according to FactSet, while analysts had expected $273.4 million. The high end of its fiscal 2025 revenue forecast was also slightly above Wall Street estimates, ranging from $1.22 billion to $1.28 billion, while analysts had expected $1.24 billion. Samsara – The software company gained 5%. Samsara’s full-year guidance beat analysts’ expectations. The company forecast adjusted earnings of 16 cents to 18 cents per share on revenue of $1.224 billion to $1.228 billion. Analysts surveyed by LSEG expected earnings of 13 cents per share and revenue of $1.21 billion. Smartsheet – The work management software company rose 3%. Adjusted earnings for the fiscal second quarter were 44 cents per share on revenue of $276.4 million. Analysts surveyed by FactSet expected earnings of 29 cents per share and revenue of $274.2 million. Reuters also reported, citing people familiar with the company, that a consortium of private equity firms is in talks to acquire Smartsheet. – CNBC’s Darla Mercado contributed reporting.