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☆ Canada Goose to cut 17% of its corporate workforce, following string of retail layoffs
▼ + stars: | 2024-03-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Canada Goose said Tuesday that it will cut about 17% of its corporate workforce, following a string of other retailers that have laid off employees this year as consumers continue to pull back on discretionary spending. The cuts will affect staff at Canada Goose's corporate headquarters, which had about 915 employees as of April 2023, according to a securities filing. Between April 2021 and April 2023, Canada Goose nearly doubled the number of employees at its corporate head offices from 544 to 915 to support its "continued growth," the filing says. When releasing its holiday-quarter results, Canada Goose noted that its wholesale revenues were particularly weak, an ongoing dynamic for the company that many other retailers have felt. The layoffs at Canada Goose come after Nike, Macy's , Wayfair , Hasbro and Etsy all announced widespread layoffs over the past few months.

Persons: Goose, Dani Reiss, Reiss, Canada Goose Organizations: Canada, Armour, Nike, Hasbro, Etsy Locations: Canada

☆ General Electric is among the most overbought names on Wall Street. Here are the others
▼ + stars: | 2024-03-22 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

After significantly outperforming the broader market this year, shares of General Electric could see a pullback, at least according to one popular chart metric. Using the CNBC Pro Stock Screener tool, we searched for the most overbought and oversold names in the S & P 500 based on their 14-day relative strength index, or RSI. Here are some of the most overbought names: General Electric 's 14-day RSI of nearly 83 indicates that shares could be overbought. Several oil and gas names are also overbought, according to their RSI. However, Wall Street anticipates nearly 17% upside for Marathon Oil, according to LSEG.

Persons: LSEG, Wells, Roger Read Organizations: General, Federal Reserve, Dow Jones, Nasdaq, CNBC, Stock, GE, GE Vernova, New York Stock Exchange, Valero Energy, Marathon Petroleum, Marathon, NRG Energy, LSEG, NRG, Valero, Oil, Pfizer Locations: U.S, LSEG, Wells Fargo

☆ Here are the stocks Wall Street believes will push the Dow over 40,000
▼ + stars: | 2024-03-22 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

.DJI YTD mountain The Dow Jones Industrial Average is nearing the 40,000 level. Against this backdrop, CNBC Pro set out to find which stocks could lead the Dow to 40,000 and beyond. Click here to add this screener to your Pro stock screener. But 69% of analysts polled by FactSet are sticking by a buy or overweight rating on Boeing stock. Other potential Dow leaders that could drive the benchmark to 40,000 include recent addition Amazon as well as oil giant Chevron .

Persons: Dow Jones, Jerome Powell, Apple, Morgan Stanley's Erik Woodring, Max, Gavin Parsons Organizations: Dow, Dow Jones Industrial, Federal, Dow Jones, CNBC Pro, CNBC, Stock, U.S . Department of Justice, Apple, FactSet, DOJ, Boeing, UBS Locations: Chevron

☆ Nike shares slide on lackluster outlook, slowing China sales
▼ + stars: | 2024-03-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

The Nike logo is displayed at a Nike Well Collective store on February 16, 2024 in Glendale, California. In North America, where demand has been unsteady, sales rose about 3% to $5.07 billion, compared with estimates of $4.75 billion, according to StreetAccount. In China, sales reached $2.08 billion, just below the $2.09 billion analysts had expected. In China, sales grew 5% to $2.08 billion, just below the $2.09 billion analysts had expected. Sales in Asia Pacific and Latin America rose 3% to $1.65 billion, below the $1.69 billion analysts had expected, according to StreetAccount.

Persons: Matthew Friend, Friend, Nike, Jordan, Brooks, Devin Booker, Jane Hali, Jessica Ramirez, She's, it's, They've, Ramirez Organizations: Nike, LSEG, Asia, StreetAccount, Associates, CNBC Locations: Glendale , California, China, North America, Europe, East, Africa, Asia Pacific, Latin America

☆ Lululemon shares plunge 16% on weak guidance, slowing North America growth
▼ + stars: | 2024-03-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

The retailer reported holiday earnings on Thursday evening that topped expectations, but showed that its growth in North America is stagnating. During the quarter, sales rose 9% in the Americas, compared to 29% growth in the year-ago period. For the current quarter, Lululemon expects net revenue to be between $2.18 billion and $2.20 billion, representing growth of 9% to 10%. For the full year, it expects sales to be between $10.7 billion and $10.8 billion, compared with estimates of $10.9 billion, according to LSEG. During the quarter, it opened its first men's store in Beijing — a key growth market for the company.

Persons: Lululemon, you've, Calvin McDonald, McDonald, Alo Yoga, it's, Meghan Frank Organizations: LSEG, U.S Locations: U.S, North America, Americas, China, Vancouver, Beijing

☆ Shares of Micron pop 14% on earnings beat driven by AI boom
▼ + stars: | 2024-03-20 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

The company, which makes memory and storage for computers, said it has benefitted from the artificial intelligence boom. Here's how the company did:Earnings per share: 42 cents adjusted vs. 25 cent loss expected by LSEG, formerly known as Refinitiv. Revenue: $5.82 billion vs. 5.35 billion expected by LSEG. For its fiscal third quarter, Micron expects to report revenue of $6.6 billion, above the $6.02 billion expected by analysts. "We believe Micron is one of the biggest beneficiaries in the semiconductor industry of the multi-year opportunity enabled by AI," Micron CEO Sanjay Mehrotra said in a release.

Persons: Sanjay Mehrotra Organizations: Micron, LSEG, Nvidia

☆ Tesla is the biggest S&P 500 loser this year, down even more than Boeing
▼ + stars: | 2024-03-18 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Close to three months later, the electric carmaker holds a much less enviable title — it's the S&P 500's biggest loser year-to-date. Tesla shares have plummeted about 30% year-to-date, wiping about $230 billion off the company's value. AdvertisementThe gap was even wider at the end of last week, but Tesla shares were up almost 6% on Monday. AdvertisementNelson also believes Tesla could become the world's biggest auto manufacturer — but others don't share his optimism.

Persons: —, Tesla, Elon, BYD, That's, Seth Goldstein, Goldstein, Refinitiv, Garrett Nelson, Nelson, Wells, Ross Gerber, who's Organizations: Elon, Service, Boeing, Alaska Airlines, MAX, Elon Musk's, North, Fox Business Locations: Elon Musk's, North America, Europe

☆ Stocks making the biggest moves midday: Adobe, Ulta, Micron Technology, Rivian Automotive and more
▼ + stars: | 2024-03-15 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Adobe — Shares slipped 15% after the software company issued weak revenue guidance for its current quarter. Revenue guidance came out in the range between $110.5 million and $112.5 million, also below the $113.4 million expectation from analysts. Smartsheet — The business software provider retreated by 3.2% after posting revenue guidance that was worse than analysts expected. Ulta Beauty — Shares edged lower by 5.3% after the beauty products retailer posted disappointing full-year earnings guidance. Steel Dynamics — Shares of the Indiana-based steelmaker rose more than 2% after strong earnings guidance for the first quarter.

Persons: Geron, Piper Sandler, Jabil, PagerDuty, Smartsheet, Ulta, Stocks, cryptocurrencies, bitcoin, MicroStrategy, Cardlytics, —, Alex Harring, Jesse Pound, Lisa Kailai Han, Michelle Fox Theobald Organizations: Geron, U.S, Food, Drug Administration, Micron Technology, Citi, Micron, Adobe, FactSet, Marathon, Steel, Steel Dynamics, Wall Street Locations: Indiana

☆ Adobe shares drop 13% on weak quarterly revenue guidance
▼ + stars: | 2024-03-15 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Adobe shares fell 13% on Friday morning after the company reported first-quarter results that beat estimates but delivered a light quarterly revenue forecast. Its revenue of $5.18 billion exceeded the $5.14 billion analysts estimated. "No change to our view that Adobe is a major AI beneficiary," the analysts wrote in a Thursday investor note. Barclays dropped its price target for shares of Adobe to $630 from $700 while maintaining an overweight rating for the stock. "A smaller than expected beat in Digital Media Net New ARR likely increases investor concerns around competitive pressures," the analysts wrote.

Persons: Shantanu Narayen, Morgan Stanley Organizations: CNBC, New York Stock Exchange, Adobe, Bank of America, Barclays, Creative, Digital Media Locations: New York City

☆ Palantir CEO Alex Karp says he loves 'burning the short-sellers' who bet against 'great companies' to fund their cocaine habits
▼ + stars: | 2024-03-14 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Goldman Sachs, Barclays, and Ken Griffin's hedge fund Citadel are among the names who've bet against Karp's company, per MarketBeat. Karp also acknowledged in his CNBC interview that some Palantir staff had left due to its vocal support for Israel. Disclosure: Palantir Technologies CEO Alexander Karp is a member of Axel Springer's shareholder committee.

Persons: —, Palantir, CNBC's, Alex Karp, who'd, Karp, Goldman Sachs, Ken Griffin's, We've, it's, Peter Thiel —, Alexander Karp, Axel Springer's, Axel Springer Organizations: Service, Business, US Army, Refinitiv, Barclays, Citadel, CNBC, Israel, Hamas, Palantir, Insider Inc Locations: Tel Aviv, Israel

☆ Stocks making the biggest moves after hours: Adobe, Ulta and more
▼ + stars: | 2024-03-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Despite that, Adobe beat analysts' predictions on both lines in its fiscal first quarter and announced a $25 billion share buyback. Ulta — The beauty retailer slipped 5% as full-year earnings expectations came in on the low end of Wall Street's forecast. Ulta said to anticipate between $26 and $27 per share for earnings over the entire year. Smartsheet — The business software provider retreated by 7% as revenue guidance underwhelmed Wall Street. Meanwhile, analysts polled by FactSet forecast $262.3 million in revenue for the quarter and $1.14 billion for the year.

Persons: Ulta, Cardlytics, Zumiez, FactSet, Smartsheet Organizations: Adobe, LSEG, Wall, FactSet

☆ Dick's Sporting Goods soars past holiday quarter estimates, raises dividend 10%
▼ + stars: | 2024-03-14 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Dick's Sporting Goods raised its dividend by 10% on Thursday as the company posted its largest sales quarter in its history and projected another year of growth. Many retailers benefited from a 53rd week in fiscal 2023, but Dick's said it still broke records during its fiscal fourth quarter even without those extra days. "With our industry-leading assortment and strong execution, we capped off the year with an incredibly strong fourth quarter and holiday season," CEO Lauren Hobart said in a statement. Following the strong quarter, Dick's raised its quarterly dividend 10% to $1.10 per share. "We compete with everyone in the world during the fourth quarter, and also the consumer is going through an awful lot, and we're just trying to be cautious."

Persons: Dick's, Lauren Hobart, Ed Stack, Hobart, we're Organizations: Dick's Sporting Goods, LSEG Locations: Williston, United States

☆ Stocks making the biggest moves midday: Dick's Sporting Goods, Lennar, Robinhood and more
▼ + stars: | 2024-03-14 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Dick's Sporting Goods — Shares jumped 14% after the sporting goods retailer posted fourth-quarter results that exceeded expectations. Dick's Sporting Goods reported earnings of $3.85 per share on revenue of $3.88 billion. Analysts surveyed by LSEG, formerly Refinitiv, had expected earnings per share of $3.35 on revenue of $3.80 billion. In its first quarter, Lennar reported revenue of $7.31 billion, weaker than the $7.39 billion expected by analysts polled by LSEG. UiPath — Shares tumbled 7.4% after the enterprise automation company posted revenue guidance that was weaker than expected.

Persons: LSEG ., SentinelOne, LSEG, Robinhood, Wells, Joe Biden, Armour, Kevin Plank, Plank's, Evercore, MicroStrategy, Oprah Winfrey, —, Lisa Kailai Han, Alex Harring, Pia Singh Organizations: Dick's, Dick's Sporting Goods, LSEG, . Steel, U.S, Steel, Nippon Steel Locations: Japanese

☆ Adobe shares slip 10% on soft sales forecast
▼ + stars: | 2024-03-14 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor of the New York Stock Exchange on Feb. 20, 2024. During the quarter, Adobe abandoned its $20 billion acquisition of design software startup Figma after U.K. regulators found competitive concerns. Adobe will work with OpenAI around Sora, David Wadhwani, president of Adobe's digital media business, said on the earnings call. Adobe sees fiscal second-quarter earnings of $4.35 to $4.40 per share on an adjusted basis, with $5.25 billion to $5.30 billion in revenue. Leaving out the after-hours movement, Adobe shares have fallen 4% so far this year, while the S&P 500 index has gained 8% over the same time period.

Persons: Shantanu Narayen, OpenAI, Sora, David Wadhwani, LSEG, Wadhwani Organizations: CNBC, New York Stock Exchange, Adobe, LSEG, Firefly Services Locations: Sora

☆ Goldman loves these stocks but the rest of Wall Street does not
▼ + stars: | 2024-03-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Investors who take the risk of owning certain unloved stocks could see outperformance down the road, according to Goldman Sachs. This basket of stocks consists of buy-rated names on which the firm's analysts are out of line with the rest of Wall Street. Here are a few of Goldman's differentiated buy names. About a quarter of analysts covering the stock have given it a buy or strong buy rating, according to LSEG. The pet retailer has buy or strong buy ratings from about one-third of Wall Street analysts covering the name, per LSEG.

Persons: Goldman Sachs, Warren Buffett, Goldman, Deep Mehta, Instacart, Petco, Ron Coughlin Organizations: Investors, The New York Times, Citi, Capital, JPMorgan, Petco, Wall Street Locations: 2024E

☆ Stocks making the biggest moves after hours: Robinhood, SentinelOne, Under Armour and more
▼ + stars: | 2024-03-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

UiPath — Shares popped 8% after the software company reported fourth-quarter results that beat analysts' expectations. UiPath posted adjusted earnings of 22 cents per share on $405 million in revenue, higher than the 16 cents per share on $384 million in revenue analysts polled by LSEG, formerly Refinitiv, had anticipated. SentinelOne — The cybersecurity name slipped 10% after posting guidance for the first quarter and full year that came in line with analysts' estimates, per LSEG. Robinhood — The trading platform's stock added about 8% after the company reported its selected monthly operating data for February 2024. The company posted a wider-than-expected loss in 2023 and missed its production targets by a considerable margin.

Persons: UiPath, SentinelOne, Armour, Stephanie Linnartz, Kevin Plank, Mohamed El, Robinhood, Fisker, Lennar, LSEG, —, Christina Cheddar, Berk, Darla Mercado Organizations: LSEG, Street

☆ Stocks making the biggest moves midday: Tesla, GE HealthCare, Coinbase and more
▼ + stars: | 2024-03-13 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Crypto stocks — Stocks whose performance is tied to the price of bitcoin rose as the cryptocurrency pushed to another record for the third day in a row. Dollar Tree posted adjusted earnings of $2.55 per share on $8.64 billion of revenue for the fourth quarter. Analysts surveyed by LSEG, formerly known as Refinitiv, had penciled in $2.65 per share on $8.67 billion in revenue. GE HealthCare — Shares dropped 3% after the medtech company announced a secondary offering of 13 million shares. Analysts had expected earnings of 2 cents per share on revenue of $1.62 billion, per LSEG.

Persons: Coinbase, MicroStrategy, CleanSpark, Baird, Goldman Sachs, Wells, Raymond James, —, Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Michelle Fox Organizations: Marathon, Iris Energy, Texas, Nvidia, Devices, Micron Technology —, Micron, AMD, LSEG, GE, —, GE HealthCare Technologies, General Electric, Royal, Petco, Wellness Locations: Kentucky, Royal Caribbean

☆ Petco CEO Ron Coughlin is out, former Best Buy exec to step in as interim chief executive
▼ + stars: | 2024-03-13 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Ron Coughlin, chief executive officer of Petco Animal Supplies Inc., outside the Nasdaq MarketSite during Petco Health & Wellness Co. initial public offering (IPO) in New York, Jan. 14, 2021. Petco announced Wednesday that its CEO, Ron Coughlin, is stepping down, and said board member and Best Buy executive R. Michael Mohan will take over as interim chief executive as the company searches for a permanent replacement. In a statement, Coughlin said he's proud of the work he's done over the last five years. He previously served as lead independent director, a role he will shed as he takes over the interim CEO post. Excluding one-time items, Petco reported earnings per share of 2 cents.

Persons: Ron Coughlin, Petco, Michael Mohan, Coughlin, he's, Mohan, He's, Cameron Breitner Organizations: Supplies Inc, Nasdaq, Petco, Wellness Co, Best, LSEG Locations: New York

☆ Vanke: China scrambles to prevent another big property developer going bust
▼ + stars: | 2024-03-12 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Vanke’s stock soared in Hong Kong and Shenzhen following the reports of potential new financing. On Monday, Moody’s cut Vanke’s rating to Ba1, which is often referred to as a junk rating. Residential buildings being built by Vanke in Nanjing STR/AFP/Getty ImagesFounded in 1984 in Shenzhen, Vanke is a flagship company in China’s property sector. It was the first listed property company in mainland China, boasting a high-profile IPO in 1991 on the still-nascent Shenzhen Stock Exchange. In 2023, property sales dropped 6.5% from 2022.

Persons: Moody’s, China Vanke, Vanke, Kaven Tsang, Fitch, Wang Shi, Donald Trump, Refinitiv Eikon, Vanke’s, it’s, —, Ni, ”, ” Nomura Organizations: Hong Kong CNN, Economic Observer, CNN, Getty, Time, Shenzhen Stock Exchange, Shenzhen Metro, National People’s Congress Locations: China, Hong Kong, Beijing, Evergrande, Shenzhen, Nanjing, Vanke

☆ Oracle shares surge 12% and head for record close
▼ + stars: | 2024-03-12 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Safra Catz, CEO of Oracle Corporation, rings the opening bell at the New York Stock Exchange, July 12, 2023. Oracle stock spiked more than 12% during intraday trading on Tuesday and is on pace for a record close, a day after the company reported fiscal third-quarter earnings that beat analysts' expectations. They're also on pace for the biggest gain since Dec. 10, 2021, when Oracle stock closed up 15.6%. Deutsche Bank lifted its price target on Oracle shares to $150 from $135, noting CEO Safra Catz reiterated fiscal 2026 guidance and strong cloud infrastructure results. Analysts at Bernstein Research, who have the equivalent of a buy rating on Oracle stock, bumped up their price target to $159 from $147.

Persons: Safra Catz, They're, Leswing, Jordan Novet Organizations: Oracle Corporation, New York Stock Exchange, Oracle, Deutsche Bank, UBS, Bernstein Research

☆ Stocks making the biggest moves after hours: Oracle, Vail Resorts, Advance Auto Parts and more
▼ + stars: | 2024-03-11 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Oracle — The database software stock surged about 10% in extended trading after fiscal fourth-quarter results topped analysts' earnings estimates. Vail Resorts — Shares of the ski resort operator fell more than 3% after its latest quarter missed estimates on the top and bottom lines. Vail also cut its full-year guidance amid lower snowfall across Western North American resorts through January. Asana — Shares of the work management platform rose slightly in after-hours trading after fiscal fourth-quarter results topped estimates. A sign is posted in front of the Oracle headquarters in Redwood Shores, California, on March 11, 2024.

Persons: Vail, Asana, Dan Loeb's, Justin Sullivan Organizations: Vail, Advance, Oracle Locations: Redwood Shores , California

☆ A trio of tech companies announced new dividends. Here's what it means for the sector
▼ + stars: | 2024-03-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Growing, rather than maintaining the dividend, is the next big step for tech companies kicking off these payments. About 85% of analysts rate Meta a buy or a strong buy, but they see less than 4% upside from here, per LSEG, formerly known as Refinitiv. Salesforce's board declared a cash dividend of 40 cents per share, payable on April 11 to stockholders of record as of March 14. In all, about 72% of analysts covering Salesforce say it's a buy or a strong buy, and the average price target suggests about 5% upside from here, per LSEG. Nearly two-thirds of analysts covering the stock deem it a buy or a strong buy, and the average price target implies 12% of upside, according to LSEG.

Persons: Charlie Gaffney, Gaffney, Eaton Vance, there's, Meta, Salesforce's Organizations: Morgan Stanley Investment Management, CNBC, Booking Holdings, Meta, Holdings, Google

☆ Oracle shares soar 13% on better-than-expected quarterly earnings
▼ + stars: | 2024-03-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. Oracle reported quarterly earnings on Monday that exceeded Wall Street's expectations. Analysts were expecting $1.64 in adjusted earnings per share, according to LSEG. The company's cloud revenue, which is reported as part of the cloud services unit, rose 25% year-over-year to $5.1 billion, Oracle said. Prior to Monday's report, Oracle shares were up 8.7% for the year, slightly outperforming the S&P 500.

Persons: Larry Ellison, Oracle, Safra Catz, Catz, Ellison Organizations: Oracle Corp, Oracle, Revenue, Microsoft Locations: San Francisco, LSEG

☆ 'Porous' sanctions haven't stopped Russia's war, but there's still more the West can do to squeeze its economy
▼ + stars: | 2024-03-10 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +5 min

According to Peach, sanctions haven't halted money from non-Western countries flowing to Russia. Even G7's bid to curb export income through a $60 per barrel cap on the price of oil hasn't really hobbled Moscow's oil trade. The West has reduced imports of Russian energy significantly but Russia has largely re-routed oil exports to Asia." Peach wrote that the West could squeeze Russian energy more by slapping secondary sanctions on third-party purchases of oil and gas from the country. AdvertisementBut it's unlikely for the West to take this path, he added, given Russia's energy dominance and the risk of sparking volatility that could end up antagonizing partners like India.

Persons: —, Vladimir Putin, Owen Matthews ,, Putin, Liam Peach, Peach, Matthews, Russia mobilizes Organizations: Service, Business, Capital Economics, Export, Central Bank of Russia, Russia, China Goods Trade, SA Locations: Ukraine, Moscow, Russia, Nord, Turkey, UAE, Asia, Europe, Russian, China, Dubai, American, India

☆ Stocks making the biggest moves midday: Nvidia, Marvell Technology, Costco, Eli Lilly and more
▼ + stars: | 2024-03-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Marvell Technology — The chip company sank more than 11% on light first-quarter earnings and revenue guidance. Marvell Technology said it anticipated adjusted earnings of 23 cents per share for the first quarter, below the 40 cents expected by analysts polled by LSEG, formerly known as Refinitiv. Samsara posted $276 million in revenue, compared to analysts' expectations for $258 million, per LSEG. DocuSign reported adjusted earnings of 76 cents per share on revenue of $712 million for the period. Analysts polled by LSEG had called for earnings of 64 cents per share on $699 million in revenue.

Persons: Carvana, Eli Lilly —, Goldman Sachs, MongoDB, NYCB, DocuSign, LSEG, Morgan Stanley, Yun Li, Jesse Pound, Pia Singh, Sarah Min, Michelle Fox, Hakyung Kim Organizations: Nvidia —, Nvidia, Marvell Technology, LSEG, RBC Capital Markets, Costco, U.S . Food, Drug Administration, Broadcom, Textron — Textron, Bank of America, Old Navy, New York Community Bancorp, Moody's Investors Service, Amylyx Pharmaceuticals, UBS — U.S, UBS, Auto, Deutsche Bank Locations: U.S, Swiss, China

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