Costco, FedEx, DocuSign and more

FedEx (FDX): The delivery company announced cost-cutting measures and rate hikes after warning in preliminary fiscal first-quarter results of weakening demand. FedEx released its fiscal first-quarter results in an 8-K before the close of trading Thursday, sending shares up 0.8%. The company outlined plans to save up to $2.7 billion in fiscal 2023 and up … Read more

DocuSign Stock Tumbles on Cut to Outlook

Text size DocuSign reported fiscal first-quarter earnings well below Wall Street’s estimate. Tiffany Hagler-Geard/Bloomberg DocuSign (ticker: DOCU) shares are sharply lower in late trading Thursday after the e-signature company cut its guidance for the January 2023 fiscal year. DocuSign ’s business thrived during the pandemic, but has been slowing for the last couple of quarters. … Read more

Dow Futures Tick Higher Ahead of CPI Print, DocuSign Reports By

© Reuters. By Oliver Gray – ticked higher during Thursday’s evening deals after major benchmark averages closed sharply lower ahead of key data set for release later in the session. By 6:55pm ET (10:55pm GMT) , and were up by 0.1% In extended deals, DocuSign Inc (NASDAQ:) tanked 23.2% after Q1 EPS of $0.38, below … Read more

DocuSign shares plunges 16% on earnings miss

DocuSign Inc.’s. stock DOCU, -3.04% initially fell 16% in extended trading Thursday after the electronic-documents company reported fiscal first-quarter revenue that exceeded analysts’ forecasts but came up short on earnings. DocuSign reported a net loss of $27.4 million, or 14 cents a share, compared with a net loss of $8.35 million, or 4 cents a … Read more

Pandemic darling stocks Netflix, Peloton, Zoom, and DocuSign face a rude awakening

Netflix (NFLX), Zoom (ZM), Peloton (PTON) and DocuSign (DOCU), are some of the bottom performers of the Nasdaq 100 year-to-date. The once pandemic darlings known as stay-at-home stocks have been increasingly in the sell category. All of these names are down more than 40% year-to-date. In the case of streaming giant Netflix, the decline is … Read more