24H|Broadcom Falls 4%; Petco Dips 10%; Samsara Drops 13%; Docusign Sinks 17%; Lululemon Tanks 22%

Tiger Newspress
06 Jun

Broadcom, a chip supplier to companies like Alphabet and Apple, gave a lackluster revenue forecast for the current quarter, suggesting that the AI spending frenzy isn’t as strong as some investors anticipated. The shares dropped 4% in overnight trading.

Petco Health & Wellness posted a wider-than-expected loss in same-store sales for the first quarter as its turnaround plan continues to ramp up. The shares fell 9.9% in overnight trading.

Samsara delivered upbeat fiscal first-quarter results on Thursday, surpassing Wall Street estimates on both the top and bottom line. Despite the robust headline figures, shares sank 13% in overnight trading as investors reacted to a tempered growth outlook and signs of moderation in the pace of expansion.

Docusign trimmed its full-year outlook for billing, after the closely-watched metric fell short of its guidance in the first quarter. The e-signature company sank 17.1% in overnight trading.

Lululemon cut its profit forecast for the year, hurt by higher costs to mitigate U.S. tariffs and as tepid demand for its latest products failed to draw away buyers from upstart athleisure rivals such as Vuori. The shares slumped 22.1% in overnight trading.

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