Several companies made headlines after the bell with their first-quarter results. Lululemon Athletica saw a 12% increase in its stock price after reporting earnings of $2.54 per share on $2.21 billion in revenue, surpassing Wall Street’s estimates on both the top and bottom lines. The athleisure maker also raised its outlook for full-year earnings per share. Five Below, on the other hand, saw its shares sink more than 13% on disappointing guidance. The discount retailer expects second-quarter revenue to range between $830 million and $850 million, falling behind the consensus estimate of $883 million. Victoria’s Secret added less than 1% after beating earnings expectations in the first quarter and posting revenues that were in line with estimates. The company expects a low single-digit decline in revenues in the current period and reaffirmed its full-year outlook.
Smartsheet, an enterprise platform stock, saw a 12% increase in its stock price after reporting adjusted earnings of 32 cents per share and $263 million in revenue in the first quarter, exceeding consensus estimates for both earnings and revenue. Meanwhile, Sprinklr, an enterprise software stock, tanked nearly 18% on a weak outlook. The company expects revenues to range between $779 million and $781 million for the full year, compared to a previous outlook of $804.5 million to $805.5 million and a FactSet consensus estimate of $805.4 million. Second-quarter guidance also fell short of estimates for Sprinklr.
Overall, Lululemon Athletica, Victoria’s Secret, and Smartsheet all saw positive stock movements after reporting better-than-expected first-quarter results and providing optimistic outlooks for the full year. Five Below, however, experienced a decline in its stock price due to disappointing guidance for the second quarter. Sprinklr faced a significant drop in its stock price due to a weak outlook for revenues for the full year and second quarter. Investors will be monitoring these companies closely in the coming weeks to see how they perform in the wake of their recent announcements and what impact it may have on their stock prices.
