Julie Wainwright, CEO, The RealReal
Scott Mlyn | CNBC
Take a look at the companies that make headlines on Monday after the clock:
Palo Alto Networks – Shares of the cybersecurity company fell almost 1% after Palo Alto Networks achieved better results than expected for the second quarter. The company earned earnings per share of $ 1.55, compared to a $ 1.43 Refinitiv forecast. Palo Alto’s revenue is $ 1.02 billion, above Refinitiv’s estimate of $ 986 million. “The momentum in the business is still strong, with revenue growth in the second quarter from 25% year-on-year to more than $ 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 ordinary shares. Goldman Sachs will lead the public offering.
The RealReal shares of the luxury market company fell by 7.4% due to disappointing quarterly figures. The RealReal lost 49 cents a share. According to Refinitiv, analysts expected a loss of 41 cents per share. The company’s revenue also fell by about $ 9 million against analysts’ expectations by $ 84.6 million.
Trex Company – Trex shares fell 4.2%, even after the composite deck maker reported better-than-expected results in their fourth quarter. The company earned earnings of 37 cents per 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 we increase capacity and as we replenish inventory in the channel,” the company said.
Diamondback Energy – The energy company’s shares slipped 2.4% to Diamondback’s quarterly earnings and earnings fell short of analysts’ expectations. Diamondback Energy earned 40 cents a share, compared to a FactSet forecast of 84 cents a share. Revenue is $ 769 million, about $ 3.3 million below expectations.
Cadence Design Systems – Cadence shares rose 6.3% after the software company reported better-than-expected fourth-quarter results. The company earned earnings per share of 83 cents per share, with an estimate of FactSet at 9 cents. Cadence also reported revenue of $ 760 million, reaching a forecast of $ 732 million.
ZoomInfo Technologies – ZoomInfo shares rose more than 11% after the company announced its latest quarterly earnings. ZoomInfo earned 12 cents per share in the previous quarter. According to Refinitiv, analysts expected earnings of 10 cents per share. The company also issued better than expected earnings list for the full year. In addition, the company noted that it ended 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 offer.