Broadcom Corporation (NASDAQ:AVGO) announced that its fourth quarter 2023 revenue rose 4% year over year to $9.3 billion, driven by investments in accelerators and network connectivity for artificial intelligence (AI).
Its top-line results edged past the $9.28 billion expected by Wall Street. The semiconductor solutions provider's adjusted earnings per share (EPS) for the period, meanwhile, came in at $11.06, also surpassing the $10.96 analyst consensus forecast.
Lululemon Athletica (NASDAQ:LULU) shares moved lower in after hours trade as weak guidance for the holiday quarter drew focus from a third quarter earnings beat.
Shares of the athletic apparel brand were down 4% at US$446.50 shortly following the release of its 3Q earnings report.
RH (NYSE:RH) (RH (NYSE:RH)) shares lost more than 8% after hours on third quarter earnings that significantly missed expectations.
The luxury furniture retailer posted an adjusted loss of $0.42, compared to expectations of a $1.19 per share profit. Revenue was $751 million, short of Street expectations of $757 million.
DocuSign Inc. stock fell 1% in extended trading after initially popping 8% higher on third-quarter results that topped expectations.
The electronic signature software company posted adjusted earnings of $0.79 per share, topping expectations of $0.63 per share. Revenue was $700.4 million, up from $645.5 million a year earlier and above Street expectations of $690 million.