Strong Performances in the Fourth Quarter Drive Couchbase and CrowdStrike in Pre-Market
06 Março 2024 - 7:57AM
IH Market News
CrowdStrike (NASDAQ:CRWD) – The cybersecurity
company’s stock price jumped more than 24% after the fourth quarter
financial results were announced, surpassing forecasts.
CrowdStrike‘s earnings per share of 95 cents
exceeded analysts’ estimates, who expected 82 cents, according to
LSEG. The company’s revenue reached $845 million, surpassing the
projected $839 million. Furthermore, the company released forecasts
above estimates.
Couchbase (NASDAQ:BASE) –
Couchbase shares rose 8.9% in pre-market trading
after announcing a 20% increase in fourth quarter revenue. The
software company expects revenue for the first quarter between
$48.1 million and $48.9 million, surpassing the expectations of $47
million.
Box (NYSE:BOX) – The storage company’s stock
value rose 3.2% in pre-market trading after announcing fourth
quarter results. Box earned an adjusted 42 cents
per share on sales of $262.9 million, while analysts surveyed by
FactSet expected an adjusted profit of 38 cents per share on sales
of $263.3 million. In addition, Box announced a
new partnership to integrate large language models with Microsoft’s
Azure OpenAI service.
HashiCorp (NASDAQ:HCP) – In the fourth quarter,
HashiCorp reported an adjusted earnings per share
of five cents, compared to a loss of seven cents per share in the
same quarter of the previous fiscal year, with a revenue of $155.8
million, representing a 15% increase over the previous year. Both
results surpassed analyst expectations, who predicted an adjusted
earnings per share of one cent and a revenue of $149.29
million.
Nordstrom (NYSE:JWN) – Although it surpassed
earnings and revenue forecasts in the fourth quarter, shares fell
more than 9% in pre-market trading after the department store chain
provided a discouraging projection for 2024.
Nordstrom indicated that revenue for the next year
could range from a 2% decrease to a 1% increase compared to the
2023 fiscal year.
Ross Stores (NASDAQ:ROST) – The discount store
chain announced fourth quarter results that exceeded analysts’
predictions. Ross Stores recorded a profit of
$1.82 per share, with a revenue of $6.02 billion, surpassing
analysts’ estimates, who expected a profit of $1.65 per share and a
revenue of $5.81 billion, according to LSEG. However, shares are
down -1.8% in pre-market trading.
Oddity Tech (NASDAQ:ODD) – Oddity
Tech, a beauty products company, exceeded expectations
with a net revenue of $97 million in the fourth quarter, recording
an adjusted earnings per share of 17 cents. For 2024, it projects a
revenue between $620 million and $630 million, with adjusted
earnings per share between $1.49 and $1.54. The management expects
net revenue between $204 million and $207 million in the current
quarter, with adjusted earnings per share of 47 cents to 50 cents.
In addition, the company announced the launch of two new brands in
2025.
CrowdStrike (NASDAQ:CRWD)
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