Several companies made headlines in after-hours trading, with DocuSign, the e-signature software company, ticking up nearly 1% after beating both top- and bottom-line expectations. The company reported adjusted earnings of 97 cents per share for the second quarter, exceeding analysts’ expectations of 80 cents per share, and revenue of $736 million, which beat estimates of $727 million. On the other hand, Broadcom slipped about 6% after announcing revenue expectations of $14 billion for the fiscal fourth quarter, slightly below analysts’ predictions of $14.04 billion. In the fiscal third quarter, Broadcom reported adjusted earnings of $1.24 per share on revenue of $13.07 billion, beating analysts’ expectations of $1.20 per share on revenue of $12.97 billion.
UiPath, a software company, saw its shares gain 7% after reporting better-than-expected fiscal second-quarter results. The company reported adjusted earnings of 4 cents per share on revenue of $316 million, surpassing analysts’ expectations of 3 cents per share on revenue of $304 million. Additionally, UiPath announced an expansion of its stock repurchase program. Bowlero, a bowling alley chain, saw an 11% increase in its shares after reporting fiscal fourth-quarter revenue of $283.9 million, exceeding analysts’ estimates of $273.4 million. The upper end of Bowlero’s fiscal 2025 revenue guidance was also slightly ahead of expectations, ranging from $1.22 billion to $1.28 billion, while analysts were expecting $1.24 billion.
Samsara, a software company, experienced a 5% jump in after-hours trading after releasing full-year guidance that topped analysts’ expectations. The company expects adjusted earnings of 16 cents to 18 cents per share on revenue of $1.224 billion to $1.228 billion, surpassing analysts’ predictions of 13 cents per share in earnings and revenue of $1.21 billion. Smartsheet, a work management software company, also saw its shares rise 3% after reporting adjusted earnings of 44 cents per share for the fiscal second quarter, with revenue of $276.4 million. Analysts had predicted earnings of 29 cents per share and revenue of $274.2 million. Additionally, Reuters reported that a consortium of private equity firms is in talks to acquire Smartsheet.
Overall, the companies making headlines in after-hours trading showcased a mix of positive and negative outcomes. DocuSign and UiPath exceeded expectations, leading to a rise in their share prices, while Broadcom slipped after falling slightly short of revenue predictions. Bowlero and Samsara both reported revenue and guidance that surpassed analysts’ estimates, leading to a boost in their stock prices. Smartsheet also saw a rise in its share price after reporting strong earnings and revenue for the fiscal second quarter, along with potential acquisition talks with private equity firms. The results of these companies in after-hours trading reflect both the positive performance of certain companies as well as the challenges faced by others in meeting market expectations.
