ADVFN Logo
Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

Sprinklr Stock Plummets 22% Pre-market, Five Below Slides 16% on Weak Results and Projections, and More on Earnings

Fernanda T
Latest News
June 06 2024 7:31AM

Sprinklr (NYSE:CXM) – In the first quarter, Sprinklr exceeded expectations, reporting earnings per share of 9 cents, while revenue reached $195.96 million, slightly above analysts’ forecast of 7 cents per share and revenue of $194.37 million. However, the company revised its annual revenue projections downward to between $779 million and $781 million, below previous expectations and FactSet consensus. Projections for the second quarter also fell short of expectations. The stock fell 21.6% in pre-market trading.

Five Below (NASDAQ:FIVE) – The discount specialty store chain reported first-quarter earnings of 60 cents per share, below analysts’ expectations of 64 cents. Its revenue totaled $811.86 million, about 3% below analysts’ estimate of $836.97 million. For the second quarter, the company projects revenue between $830 million and $850 million, below the LSEG consensus estimate of $883 million. The company lowered its annual sales forecasts after demand for Squishmallows decreased, stating that consumers are now prioritizing spending on essential items, affecting the company’s sales. The stock fell 15.7% in pre-market trading.

Lululemon Athletica (NASDAQ:LULU) – The athletic apparel retailer reported first-quarter net income of $321 million, or $2.54 per share, above the $2.38 expected by analysts polled by LSEG. Sales reached $2.21 billion, marking approximately 10% growth and above the $2.19 billion estimate. However, Lululemon issued a cautious outlook for the next quarter, forecasting revenue between $2.40 billion and $2.42 billion, below LSEG estimates of $2.45 billion. For the full year, Lululemon expects earnings per share between $14.27 and $14.47, above the expected $14.11. The stock rose 7.7% in pre-market trading.

Victoria’s Secret (NYSE:VSCO) – The lingerie and beauty products retailer reported first-quarter earnings of $0.12 per share, surpassing the average analyst forecast of $0.09 per share. Although sales declined 3.5% year-over-year, totaling $1.36 billion, this was in line with analysts’ expectations. Looking ahead, management projects fiscal 2024 revenue of $6 billion and adjusted operating income between $250 million and $275 million. Analysts also projected revenues of $6 billion. The stock fell 0.1% in pre-market trading.

ChargePoint Holdings (NYSE:CHPT) – The electric vehicle infrastructure company exceeded expectations, reporting a loss per share of -11 cents, while revenue reached $107.04 million, slightly above analysts’ forecast of a -13 cent loss and revenue of $105.76 million. For the second quarter of 2024, the company projects revenue between $108 million and $118 million, below the analyst consensus of $122.74 million, aiming to achieve positive adjusted EBITDA by the end of the fiscal year. The stock fell 4% in pre-market trading.

Smartsheet (NYSE:SMAR) – The collaborative work management software company reported first-quarter adjusted earnings of 32 cents per share and revenue of $263 million, above the LSEG consensus estimate of 27 cents per share and $258 million in revenue. The company saw subscription revenue increase by 21% year-over-year. For the second fiscal quarter of 2025, Smartsheet expects adjusted earnings per share of 28 to 29 cents on revenues of $273 million to $275 million. Analysts expected 25 cents and $274.42 million. The company also announced a share repurchase program authorizing the buyback of up to $150 million of its Class A common stock. The stock rose 13% in pre-market trading.

Semtech Corp (NASDAQ:SMTC) – The semiconductor and IoT solutions company reported sales of $206.1 million and a loss of 36 cents per share, diverging from analysts’ expectations of $206.1 million in revenue and earnings of 6 cents per share. For the second quarter, Semtech forecasts earnings per share of 9 cents, with a margin of error of 3 cents, and sales between $212 million, with a margin of error of $5 million. FactSet analysts estimate earnings per share of 12 cents and sales of $210.2 million. The stock rose 8.8% in pre-market trading.

Couchbase (NASDAQ:BASE) – In the first quarter, the database platform exceeded expectations, reporting a loss of -10 cents per share, compared to the analysts’ consensus estimate of -15 cents per share. Revenue for the period increased by 25% year-over-year, reaching $51.3 million, surpassing Wall Street’s estimate of $48.5 million. For the second quarter, revenue is expected to be between $50.6 million and $51.4 million, above the consensus estimate of $50.7 million. The stock rose 1% in pre-market trading.

ReNew Energy Global (NASDAQ:RNW) – The Indian decarbonization solutions company reported quarterly earnings of $0.02 per share, surpassing the consensus estimate of a -$0.06 per share loss. Revenue was $297 million, down from $315 million in the same period last year. The stock remains stable in pre-market trading.