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Stocks making the biggest moves after hours: Broadcom, DocuSign & more

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Angel Navarrete | Bloomberg | Getty Photographs

Try the firms making headlines after hours on Thursday:

Broadcom — Shares of the semiconductor builder rose 1% in after-hours trading on the again of better-than-expected outcomes for the earlier quarter. Broadcom posted a revenue of $5.40 per share on income of $5.82 billion. Analysts polled by Refinitiv anticipated earnings of $5.24 per share on gross sales of $5.76 billion. Revenues for the firm’s semiconductor options division topped a FactSet estimate whereas gross sales from infrastructure software program had been in keeping with expectations.

DocuSign — DocuSign shares climbed more than 1% after-hours as the firm reported second-quarter outcomes that beat analyst expectations. The cloud-based doc supervisor posted earnings per share of 17 cents on income of $342.2 million. Wall Road analysts anticipated a revenue of eight cents per share on income of $318.6 million, in keeping with Refinitiv. The lion’s share of the firm’s income got here from subscriptions, DocuSign stated. “In an accelerating digital world the place enterprise might be carried out from wherever, the must agree electronically and remotely has by no means been stronger,” CEO Dan Springer stated in an announcement.

Domo — Shares of the cloud software program firm jumped more than 5% after the launch of second-quarter outcomes that beat analyst expectations. Domo reported a lack of 37 cents per share. Analysts polled by FactSet anticipated a lack of 50 cents per share. The corporate’s income for the quarter additionally topped a FactSet forecast. “Domo was constructed for this new world of labor the place enterprise agility is crucial to surviving and thriving,” stated Josh James in a launch.

Tesla — Tesla shares fell more than 1% in after-hours trading, constructing on its sharp losses from the common session. The electrical automobile maker’s inventory dropped 9% throughout common trading hours as merchants offered unwound positions in firms that had just lately outperformed. Month up to now, Tesla is down more than 18% by Thursday’s shut.

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