Companies making headlines before the bell include:
– Bowlero: Shares rose more than 12% after the bowling alley chain reported revenue for the fiscal fourth quarter that exceeded Wall Street’s expectations.
– UiPath: Stock increased over 8% after the software company announced better-than-expected second-quarter results, with adjusted earnings of 4 cents per share on $316 million in revenue.
– Broadcom: Shares dropped 7% as the chipmaker’s revenue guidance for the current quarter fell below expectations.
– Smartsheet: Stock moved over 4% higher after the work management software company’s second-quarter earnings beat estimates.
– Super Micro Computer: Stock slipped 2.5% after a downgrade by JPMorgan to neutral from overweight.
– Guidewire Software: Shares jumped more than 7% as the company surpassed the Street’s expectations with earnings of 62 cents per share and revenue of $291.5 million.
– Samsara: Stock rose more than 5% after the software company’s full-year forecast exceeded expectations, with estimated adjusted earnings of between 16 cents and 18 cents per share and revenue of $1.224 billion to $1.228 billion.
Several companies are making headlines before the bell, with Bowlero seeing a 12% increase in shares after beating revenue expectations for the fiscal fourth quarter. UiPath also experienced an 8% rise in stock value following better-than-expected second-quarter results, including increased revenue and adjusted earnings. However, Broadcom’s shares fell by 7% after the chipmaker’s revenue guidance for the current quarter came in lower than expected. Smartsheet saw a 4% increase in shares after beating estimates for second-quarter earnings, and rumors of a potential acquisition by Vista and Blackstone have emerged. Super Micro Computer’s stock slipped after a downgrade by JPMorgan, while Guidewire Software’s shares rose more than 7% after surpassing Street expectations for earnings and revenue. Additionally, Samsara’s stock jumped over 5% after the software company’s full-year forecast exceeded expectations.
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