DocuSign – Shares of the electronic signature company surged 19.7% after beating on the top and bottom lines of its quarterly earnings. DocuSign earned 44 cents per share on revenue of $469 million. Analysts expected earnings of 28 cents per share on revenue of $438 million. DocuSign also gave second-quarter and full-year revenue guidance above estimates.
Nvidia — Nvidia shares gained 3.6% and hit a new 52-week high of $704.43 at one point Friday. Evercore ISI reiterated Nvidia as a top pick on Thursday and said it sees shares increasing. “Despite rising crypto concerns and current supply constraints, we believe investor fears for NVDA’s Gaming business are largely overdone based on our view that true gaming demand remains greatly underappreciated,” Evercore said in a note.
Square – Shares of the payments company jumped more than 1% Friday after CEO Jack Dorsey announced on Twitter that Square is considering creating a bitcoin wallet, which would allow holders and buyers of bitcoin to custody their own funds rather than leave it in the hands of the exchange where they bought it. The tease included the possibility for integration with its consumer digital wallet CashApp down the line.
Lululemon Athletica — Lululemon shares jumped nearly 3.8% after the athletic apparel maker reported better-than-expected first-quarter financial results. The company posted quarterly adjusted earnings of $1.16 per share on revenue of $1.23 billion, topping analysts’ expectations of 91 cents earnings per share on $1.13 billion in revenue. Lululemon also issued a strong forecast for its fiscal second quarter and raised full-year estimates.
Tesla – The electric vehicle company saw shares rise 4.6% on reports that it’s looking to build headquarters and showrooms in India, and considering using a franchise model for aftersales workshops. The rebound comes after Tesla suffered a drop Thursday due to a decline in May sales.
MongoDB – The database platform provider lost 15 cents per share for its latest quarter, less than half of the 37 cents a share loss expected by analysts. Revenue also exceeded estimates as subscription sales jumped 40%, and the company forecast a lower-than-expected full-year loss. The stock surged 6.2% in premarket action.
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