Julie Wainwright, CEO, The RealReal
Scott Mlyn | CNBC
Check out the companies making headlines after the bell on Monday:
Palo Alto Networks – Shares of the cybersecurity company fell nearly 1% after Palo Alto Networks reported better-than-expected results for the second quarter. The company reported earnings per share of $ 1.55, compared to a Refinitiv forecast of $ 1.43. Palo Alto’s sales were $ 1.02 billion, more than Refinitiv’s estimate of $ 986 million. “Momentum in the business remains strong, with second quarter revenue growth of 25% year-on-year to more than USD 1 billion,” CEO Nikesh Arora said in a statement.
Carnival – Carnival shares fell 2.2% after the company said it sold $ 1 billion worth of common stock. Goldman Sachs will lead the public offering.
The RealReal – Shares of the luxury marketplace company fell 7.4% due to disappointing quarterly figures. The RealReal lost 49 cents per share. Analysts expected a loss of 41 cents per share, according to Refinitiv. The company’s revenue also fell short of analyst expectations at about $ 9 million to $ 84.6 million.
Trex Company – Trex shares were down 4.2% even after the composite decking manufacturer reported better-than-expected results in their fourth quarter. The company reported earnings of 37 cents a share, surpassing a FactSet estimate by 1 cent. The company’s sales were also stronger than expected at $ 228 million. “We expect growth in the second and third quarters to increase as our capacity increases and we replenish inventory in the channel,” the company said.
Diamondback Energy – Shares of the energy company fell 2.4% after Diamondback’s quarterly earnings and revenues beat analyst expectations. Diamondback Energy earned 40 cents a share, compared to a FactSet forecast of 84 cents a share. Revenues were $ 769 million, about $ 3.3 million lower than expected.
Cadence Design Systems – Cadence shares fell 6.3% after the software company reported better-than-expected fourth-quarter results. The company posted earnings per share of 83 cents per share, surpassing a FactSet estimate by 9 cents. Cadence also reported revenue of $ 760 million, which is better than a forecast of $ 732 million.
ZoomInfo Technologies – ZoomInfo shares were up more than 11% after the company released its latest quarterly results. ZoomInfo earned 12 cents per share in the previous quarter. Analysts expected a profit of 10 cents per share, according to Refinitiv. The company also gave better-than-expected full-year earnings expectations. In addition, the company noted that 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 stock fell 2.1% after news that the company will sell 1.18 million Class A shares. Citigroup, Credit Suisse and Goldman Sachs will lead the offering.