Lululemon Athletica's shares fell 10% after the company revised its full-year earnings and revenue guidance downward, citing various headwinds. Additionally, its current-quarter earnings and revenue projections were below analyst expectations, according to LSEG.
Docusign's stock dropped 4% as its second-quarter revenue outlook of $865 million to $869 million was only in line with the consensus estimate of $866 million, failing to impress investors. Rubrik's shares decreased by 2% after reporting first-quarter billings that fell short of StreetAccount consensus estimates.
In contrast, Cooper Companies' shares rose 1% following its second-quarter adjusted earnings of $1.21 per share, surpassing the $1.10 consensus estimate, and revenue of $1.08 billion, which exceeded the $1.05 billion forecast.
Guidewire Software's stock plummeted 16% despite beating expectations on both earnings and revenue, as its adjusted gross margin of 66.4% was below the 67% anticipated by analysts. Argan's shares surged 10% after reporting first-quarter earnings of $3.24 per share on revenue of $291 million, significantly above the expected $2.31 per share and $256 million in revenue.
ServiceTitan's stock jumped 12% after it raised its full-year guidance, now projecting adjusted income from operations between $142 million and $147 million, exceeding both its previous forecast and the FactSet consensus of $131.6 million