Stock futures were largely unchanged ahead of Thursday’s open, following record highs for the S&P 500 and Nasdaq the previous session, when Nvidia’s market capitalization soared to more than $3 trillion.
Here are some of Thursday’s biggest stock moves:
Top gainers
- Lululemon Sports (NASDAQ: Lulu) share Soared 9% The company beat expectations in the first quarter and raised its fiscal 2025 earnings per share forecast to above market expectations. On a constant currency basis, comparable sales increased 7%, with international sales up 25% due to strong growth in China. For the second quarter, Lululemon expects earnings per share of $2.92 to $2.97, below consensus estimates of $3.03, and revenue in the range of $2.4B to $2.42B, also below consensus estimates of $2.45B. However, fiscal 2024 profit and revenue expectations are higher than Wall Street forecasts, with earnings per share in a range of $14.27 to $14.47, better than the $14.17 consensus estimate. Revenue was restated at $10.7B to $10.8B, in line with the consensus of $14.76B. Additionally, the company authorized an increase of $1 billion to its stock repurchase program.
Top losers
- The following five shares (Nasdaq: Five)’s stock price plummeted more than 15% after the company reported first-quarter results that were worse than market expectations. Second-quarter net sales are expected to be between $830 million and $850 million, below consensus expectations of $881.47 million, and adjusted earnings per share are expected to be between $0.57 and $0.69, well below consensus expectations of $0.97 . The company expects fiscal 2024 revenue to be in the range of $3.79B to $3.87B, well below the $4.03B consensus, and adjusted earnings per share in the range of $5.00 to $4.540, versus the consensus of $6.00.
- Despite first-quarter performance beating expectations and fiscal 2024 outlook beating consensus, Sprinklr (NYSE:CXM) Lost 20% As its immediate second-quarter outlook fell short of analysts’ expectations. Second-quarter revenue is expected to be between $194 million and $195 million, compared with market expectations of $196.88 million, and earnings per share of $0.06 to $0.07, compared with market expectations of $0.09. For fiscal 2024, revenue is expected to drop to a range of $779 million to $781 million, compared with consensus expectations of $805.07 million, and earnings per share are expected to fall to a range of $0.40 to $0.41, compared with consensus expectations of $0.38. The company also announced the appointment of Trac Pham as co-chief executive officer, effective immediately. Pham most recently served as the company’s interim operating officer from January to June 2024 and has served as a member of the company’s board of directors since June 2023.
- Dorian Liquefied Petroleum Gas (NYSE: Liquefied Petroleum Gas) share Dropped more than 7% Announced plans to sell 2 million shares of common stock in a public offering, with the underwriters having the option to purchase up to an additional 300,000 shares. The company plans to use proceeds from the offering for general corporate purposes.