5 Stocks Making Noise After Posting Their Financial Results

In this article, we discuss the 5 stocks making noise after posting their financial results. If you want to read our detailed analysis of these companies, go directly to the 10 Stocks Making Noise After Posting Their Financial Results.

5. Ulta Beauty, Inc. (NASDAQ:ULTA)

Number of Hedge Fund Holders: 42

Shares of Ulta Beauty, Inc. (NASDAQ:ULTA) rose more than five percent in the after-hours trading session on Thursday, 2 December 2021, after announcing solid profit and sales for its fiscal third quarter.

The beauty stores operator earned $3.94 per share in the quarter, well above $1.32 per share in the comparable period of 2020. Revenue for the quarter jumped 29 percent on a year-over-year basis to $2 billion. Analysts were expecting Ulta Beauty, Inc. (NASDAQ:ULTA) to post earnings of $2.48 per share on revenue of $1.89 billion.

The company also lifted the financial outlook for its fiscal year 2021. Ulta Beauty, Inc. (NASDAQ:ULTA) now expects earnings in the range of $16.70 – $17.10 per share and revenue between $8.5 – $8.6 billion for the full year. Previously, it was looking for earnings of $14.50 – $14.70 per share and revenue between $8.1 – $8.3 billion.

Speaking on the results, CEO of Ulta Beauty, Inc. (NASDAQ:ULTA), Dave Kimbell, said in a statement:

“The Ulta Beauty team delivered outstanding results again this quarter. For the third quarter, we delivered record sales and earnings, increased our market share, and expanded our Ultamate Rewards loyalty program to nearly 36 million members.”

4. Synopsys, Inc. (NASDAQ:SNPS)

Number of Hedge Fund Holders: 43

Shares of Synopsys, Inc. (NASDAQ:SNPS) hit a new 52-week high of $365.38 on Thursday, 2 December 2021, after announcing better-than-expected financial results for its fiscal fourth quarter.

Synopsys, Inc. (NASDAQ:SNPS) earned $1.82 per share on an adjusted basis, up from $1.58 per share in the year-ago quarter. Revenue came in at $1.152 billion, compared to $1.025 billion in the same period of 2020. The results exceeded the consensus forecast of $1.78 per share for earnings and $1.150 billion for revenue.

Looking forward, Synopsys, Inc. (NASDAQ:SNPS) expects adjusted earnings in the range of $2.35 – $2.40 per share and revenue between $1.25 – $1.28 billion for its fiscal first quarter.

Discussing the results, co-CEO of Synopsys, Inc. (NASDAQ:SNPS), Aart de Geus said:

“Synopsys delivered another record fiscal year in 2021, substantially exceeding our original targets, with strength in all product groups and geographies. We are entering fiscal year 2022 with significant financial, technology and customer momentum.”

3. Marvell Technology, Inc. (NASDAQ:MRVL)

Number of Hedge Fund Holders: 45

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) skyrocketed more than 22 percent in the pre-market trading session on Friday, 3 December 2021, after delivering impressive results for its fiscal third quarter.

Marvell Technology, Inc. (NASDAQ:MRVL) reported adjusted earnings of 43 cents per share, beating expectations of 38 cents per share. The quarterly revenue of $1.211 billion also surpassed the consensus forecast of $1.15 billion.

The Delaware-based semiconductor company also released its financial outlook for the current quarter. Marvell Technology, Inc. (NASDAQ:MRVL) expects adjusted earnings of around 48 cents per share versus the consensus forecast of 42 cents per share. In addition, it expects to generate revenue of around $1.32 billion for the same period, compared to expectations of $1.21 billion.

Commenting on the quarter, CEO of Marvell Technology, Inc. (NASDAQ:MRVL), Matt Murphy said in a statement:

“Marvell delivered record revenue of $1.211 billion in the fiscal third quarter, growing 13 percent sequentially and 61 percent year over year, exceeding the high end of our guidance. Revenue grew substantially in each of our five end markets, led by data center, our largest contributor at 41 percent of total revenue, which grew 15 percent sequentially and 109 percent year over year.”

2. Smartsheet Inc. (NYSE:SMAR)

Number of Hedge Fund Holders: 50

Shares of Smartsheet Inc. (NYSE:SMAR) climbed over 16 percent in the pre-market trading session on Friday, 3 December 2021, after posting narrower-than-expected loss for its fiscal third quarter.

Smartsheet Inc. (NYSE:SMAR) reported an adjusted loss of 3 cents per share, compared to an adjusted loss of 12 cents per share in the year-ago quarter. Analysts were looking for a loss of 10 cents per share.

Revenue for the quarter jumped 46 percent on a year-over-year basis to $144.6 million, beating expectations of $140 million. If we look at the performance of Smartsheet’s flagship segments, subscription revenue soared 46 percent versus last year to $132.6 million. In comparison, professional services revenue advanced 50 percent to $12 million in the quarter.

Smartsheet Inc. (NYSE:SMAR) also issued its financial outlook for the current quarter. The company expects an adjusted loss in the range of 16 – 14 cents per share and revenue between $151 million to $152 million.

Discussing the results, CEO of Smartsheet Inc. (NYSE:SMAR), Mark Mader, said:

“This was a record quarter for Smartsheet on multiple financial and operational levels, including closing the highest number of large deals in a quarter and seeing the best bookings performance in our company’s history.”

1. DocuSign, Inc. (NASDAQ:DOCU)

Number of Hedge Fund Holders: 51

DocuSign, Inc. (NASDAQ:DOCU) recently delivered solid financial results for its fiscal third quarter. However, its sales outlook for the current quarter disappointed investors. The weak guidance sent its shares down more than 30 percent in the pre-market trading session on Friday, 3 December 2021.

The San Francisco-based developer of e-signature software reported earnings of 58 cents per share, beating the consensus forecast of 46 cents per share. In addition, DocuSign, Inc. (NASDAQ:DOCU) posted revenue of $545.5 million, up 42 percent versus last year and above analysts’ average estimate of $532.6 million.

On the downside, DocuSign, Inc. (NASDAQ:DOCU) projected revenue in the range of $557 million – $563 million for its fiscal fourth quarter, below the consensus forecast of $573.8 million.

Speaking on the results, CEO of DocuSign, Inc. (NASDAQ:DOCU), Dan Springer, said:

“Third quarter revenue growth of 42% year-over-year and operating margin of 22% exceeded our expectations. After six quarters of accelerated growth, we saw customers return to more normalized buying patterns, resulting in 28% year-over-year billings growth.”

You can also take a peek at 10 Reddit Stocks that Tripled in 2021 and 10 Meme Stocks that More than Doubled in 2021.

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