DocuSign shares rose 2.8% in after-hours trading on Thursday after the eSignature provider’s second-quarter fiscal 2024 earnings blew away expectations.
The company reported earnings per share of $0.72, up from $0.44 in the year-ago quarter and ahead of the consensus analyst estimate of $0.65, per Zacks Consensus Estimate. Revenue rose 11% year-over-year to $687.7 million, ahead of the Street estimate of $676.8 million.
RH (NYSE:RH), the parent company of Restoration Hardware, saw its shares tumble more than 7%. RH (NYSE:RH) reported second-quarter 2023 revenue of $800 million, down from $992 million a year earlier but better than the Zacks Consensus estimate of $770.1 million.
The luxury home-furnishings company’s adjusted earnings per share (EPS) for the period, meanwhile, came in at $3.93, exceeding expectations of $2.63.
The Walt Disney Company (NYSE:DIS) has narrowed its focus in its federal lawsuit against Florida Gov. Ron DeSantis to solely focus on the company’s First Amendment argument that the governor politically retaliated against it.
Last week, the entertainment titan asked to drop four other claims in its case regarding a dispute over development contracts for Walt Disney World because those claims are being pursued in a state-level case in Florida.
Elsewhere, Ryan Salame, the former co-CEO of FTX's Bahamian subsidiary agreed to plead guilty to conspiring to make unlawful contributions and defraud the Federal Election Commission.
Salame appeared in a Manhattan US District Court before Judge Lewis Kaplan — the same judge overseeing FTX founder Sam Bankman-Fried’s case which is scheduled to go to trial next month.