Welcome to Extreme Investor Network, where we provide you with the latest updates on companies making headlines in after-hours trading. Today, we’ll be discussing some key players in the market and their recent movements.
Ulta Beauty, a popular beauty products retailer, saw its shares drop nearly 7% after missing top and bottom line expectations in the second quarter. Despite earnings coming out at $5.30 per share, falling short of analysts’ expectations, Ulta also trimmed its full-year outlook. On the other hand, MongoDB, a database company, experienced a 13% rise in shares after issuing strong fiscal third-quarter guidance, surpassing analyst predictions.
Dell Technologies also exceeded expectations, with shares jumping 3.6% thanks to fiscal second-quarter adjusted earnings of $1.89 per share and revenue of $25.03 billion. Marvell Technology, a semiconductor company, saw a nearly 9% jump after issuing fiscal third-quarter guidance ahead of expectations.
Similarly, Lululemon Athletica, an athletic apparel retailer, added 6% following better-than-expected earnings in the second quarter. However, Elastic NV, an artificial intelligence search company, faced a 23% drop in shares after issuing a weak outlook for fiscal second quarter revenue.
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