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Why Lululemon (LULU) Stock Is Trading Up Today
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU) jumped 18.4% in the afternoon session after the company reported strong third-quarter results, which surpassed analysts' revenue expectations on a convincing same-store sales beat. The result revealed strong double-digit top-line growth in China and the rest of the World. The company also observed record engagement metrics at the top of the funnel during the Black Friday event mostly from its online channels. This signals a strong start to the holiday shopping season. Looking ahead, guidance was roughly in line, which is encouraging. Overall, this quarter had some key positives.
Asana (ASAN) Stock Trades Up, Here Is Why
Shares of work management software maker Asana (NYSE: ASAN) jumped 43.7% in the morning session after the company reported impressive third-quarter financial results. Revenue in the quarter beat by a comfortable amount, and operating profit beat convincingly. Other key growth indicators, including billings and RPO, came in ahead of Wall Street's expectations. Asana also provided optimistic EPS guidance for the next quarter and the full year, which beat analysts' expectations.
Why Is Victoria's Secret (VSCO) Stock Soaring Today
Shares of intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) jumped 9.3% in the morning session after the company reported a "beat and raise" quarter. Third-quarter results significantly blew past analysts' revenue and earnings expectations. Revenue reflected mid-single digit growth in North America and more than 20% growth from International markets. Given the strong result, the management raised full-year sales outlook, implying the momentum is expected to be sustained. Its EPS guidance for next quarter also outperformed Wall Street's estimates. Zooming out, we think this was a good quarter with some key areas of upside.
Why GitLab (GTLB) Stock Is Up Today
Shares of software development tools maker GitLab (NASDAQ:GTLB) jumped 12.7% in the pre-market session after the company reported strong financial results for the third quarter (FQ3 2025). Revenue and adjusted operating profit beat in the quarter, which is only the start of the good news. GitLab also provided optimistic adjusted operating profit guidance for the next quarter, which beat analysts' expectations despite an in-line revenue guide. Its full-year adjusted operating profit guidance also came in much higher than Wall Street's estimates. Overall, we think this was a decent quarter, with some key metrics above expectations.
Why Are Ulta (ULTA) Shares Soaring Today
Shares of beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQ:ULTA) jumped 12.6% in the morning session after the company reported strong third-quarter earnings. Ulta blew past analysts' EBITDA and EPS estimates while revenue was slightly ahead. It is also encouraging that management slightly lifted sales guidance for the full year on the back of the solid results posted in the quarter, suggesting the momentum is expected to continue amid improved shopping trends observed by some of the retailers that have reported this earnings season. Similarly, full-year EPS guidance beat Wall Street's expectations, indicating a healthy balance of growth and profitability. Overall, we think this was a decent quarter, with some key metrics above expectations.
Why Shopify (SHOP) Stock Is Trading Up Today
Shares of e-commerce software platform Shopify (NYSE:SHOP) jumped 5.4% in the morning session after Loop Capital analyst Anthony Chukumba upgraded the stock from Hold to Buy and assigned a price target of $140. The price target implied a potential 15% upside from where shares traded before the upgrade was announced. The analyst cited Shopify's AI potential, adding "We believe investors are underappreciating how Shopify is utilizing AI to not only better serve its merchants (most notably, under the Shopify Magic umbrella) but also internally (including in customer support, sales, human resources, and even accounting and finance)." The AI thesis informed the improved growth outlook for Shopify, with Chukumba expecting "20%+ growth over the next several years while its operating expenses increase at a much slower rate, which will result in additional operating and free cash flow margin expansion."
Why Smith & Wesson (SWBI) Shares Are Plunging Today
Shares of american firearms manufacturer Smith & Wesson (NASDAQ:SWBI) fell 20.5% in the afternoon session after the company reported disappointing third quarter results. Its revenue, EPS, and EBITDA fell short of Wall Street's estimates. Management attributed the shortfall to a normalization in firearm demand, largely driven by inflationary pressures. They also observed heightened consumer caution around discretionary spending, which was more pronounced in the second quarter than previously anticipated. Given the soft demand trends, the company lowered its sales outlook for the next quarter and the second half of the fiscal year. Overall, this quarter could have been better.
Why Domo (DOMO) Stock Is Trading Lower Today
Shares of data visualization and business intelligence company Domo (NASDAQ:DOMO) fell 19.5% in the afternoon session after the company reported underwhelming third-quarter results. Billings in the quarter missed meaningfully, although revenue beat. Looking ahead, the company lowered full-year adjusted EPS guidance despite slightly raising full-year revenue guidance. This is a signal of worse future profitability and expense efficiency. Overall, it was a challenging quarter.
Why DocuSign (DOCU) Stock Is Trading Up Today
Shares of e-signature company DocuSign (DOCU) jumped 26% in the afternoon session after the company reported a strong "beat and raise" quarter that exceeded analysts' estimates on billings, revenue, and operating profit. Next quarter's billings guidance came in ahead, and full-year guidance was lifted for billings, revenue, and operating profit. Overall, we think this was still a very solid quarter with some key areas of upside.
Genesco (NYSE:GCO) Reports Bullish Q3
Footwear, apparel, and accessories retailer Genesco (NYSE:GCO) announced better-than-expected revenue in Q3 CY2024, with sales up 2.9% year on year to $596.3 million. Its non-GAAP profit of $0.61 per share was significantly above analysts’ consensus estimates.