In after-hours trading, Lululemon Athletica experienced a significant decline of 18% after the company issued a bleak forecast for the upcoming quarter, projecting earnings between 93 cents and 98 cents per share on revenues of $2.29 billion to $2.32 billion. This forecast fell short of analysts' expectations, which were for earnings of $2.40 per share and revenues of $2.53 billion.
Conversely, Docusign saw its shares increase by more than 4% after reporting better-than-expected earnings and revenue for its second quarter. The company also raised the high end of its full-year revenue guidance and its forecast for non-GAAP operating margin, indicating strong performance and positive outlook