Mixed Earnings Reactions: Broadcom, SentinelOne, PagerDuty, Five Below, Asana
- June 02nd, 2023
- 267 views
Broadcom Inc. (Nasdaq: AVGO) reported adjusted earnings per share (EPS) of $10.32 for the second quarter of fiscal 2023, surpassing the consensus estimate of $10.08.
Looking ahead to the third quarter, Broadcom anticipates revenue of approximately $8.85 billion, slightly higher than the consensus estimate of $8.72 billion.
However, in after-hours trading, $AVGO experienced a decline of $14.45 (-1.83%), currently trading at $775.50.
SentinelOne, Inc. (NYSE: S) reported an adjusted loss of $0.15 per share for the first quarter of fiscal 2024, performing better than the consensus estimate of a loss of $0.17 per share.
For the second quarter, the company expects revenue of $141 million, slightly below the consensus estimate of $151.92 million.
$S saw a significant decline in after-hours, currently trading at $13.32, down $7.40 (-35.71%)
PagerDuty, Inc. (NYSE: PD) reported adjusted earnings per share (EPS) of $0.20 for the first quarter of fiscal 2024, exceeding the consensus estimate of $0.09.
Looking ahead to the second quarter, PagerDuty expects adjusted EPS in the range of $0.10 to $0.11, compared to the consensus estimate of $0.09.
However, $PD experienced a decline of $3.25 (-11.71%) in after-hours, currently trading at $24.50.
Five Below, Inc. (Nasdaq: FIVE) delivered first-quarter fiscal 2023 financial results in line with its outlook, reporting EPS of $0.67, surpassing the consensus estimate of $0.63.
In after-hours trading, $FIVE saw an increase of $9.65 (+5.70%), currently trading at $179.00.
Asana, Inc. (NYSE: ASAN) reported a loss of $0.09 per share for the first quarter of fiscal 2024, performing better than the consensus estimate of a loss of $0.18 per share.
For the second quarter, Asana expects a non-GAAP net loss per share in the range of $0.12 to $0.11, compared to the consensus estimate of a loss per share of $0.15.
$ASAN experienced an increase of $0.99 (+4.33%) in after-hours, currently trading at $23.84.
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