Julie Wainwright, CEO, The RealReal
Scott Mlyn | CNBC
Check out the companies that make headlines after the bell on Monday:
Palo Alto Networks – The shares of the cybersecurity company fell by almost 1% after Palo Alto Networks reported better results than expected for the second quarter. The company reported earnings per share of $ 1.55, compared to a Refinitive forecast of $ 1.43. Palo Alto’s revenue amounted to $ 1.02 billion, above a final estimate of $ 986 million. “The boom in business continues to be strong, with second-quarter revenue growth of 25% over last year to over $ 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 common stock. Goldman Sachs will lead the public offering.
RealReal – The company’s shares on the luxury market fell by 7.4% following disappointing quarterly numbers. RealReal lost 49 cents a share. Analysts had expected a loss of 41 cents per share, according to Refinitiv. The company’s revenue also fell below analysts’ expectations by about $ 9 million to $ 84.6 million.
Trex – Trex shares fell 4.2% even after the composite flooring manufacturer reported better-than-expected results in the fourth quarter. The company reported earnings of 37 cents per share, exceeding 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 our capacity grows and as we complete inventory in the canal,” the company said.
Diamondback Energy – Energy company shares fell 2.4% after Diamondback’s quarterly revenue and earnings missed analysts’ expectations. Diamondback Energy gained 40 cents a share compared to a FactSet forecast of 84 cents a share. Revenue amounted to $ 769 million, with approximately $ 3.3 million below expectations.
Cadence Design Systems – Cadence shares fell 6.3% after the software company reported better-than-expected results in the fourth quarter. The company posted earnings per share of 83 cents per share, exceeding a FactSet estimate by 9 cents. Cadence also reported revenue of $ 760 million, exceeding a forecast of $ 732 million.
ZoomInfo Technologies – ZoomInfo shares rallied more than 11% after the company released its latest quarterly earnings. ZoomInfo earned 12 cents a share in the previous quarter. Analysts expected a profit of 10 cents per share, according to Refinitiv. The company also posted better-than-expected earnings guidance for the full year. In addition, the company said it closed 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 offering.