Check out the companies making headlines before the market opens. Lululemon – Shares of Lululemon rose 9% after the sportswear retailer beat Wall Street estimates for its fiscal third quarter and shared holiday guidance. Samsara – Shares of Samsara fell more than 9% after the software company reported tepid fourth-quarter guidance. Samsara expects earnings of 7 to 8 cents per share in the period, on revenue of $334 million to $336 million. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of 6 cents per share on revenue of $336 million. However, the company did beat third-quarter earnings and revenue expectations. DocuSign – Shares of DocuSign rose 1.3% after the electronic signature company said it expects fourth-quarter revenue in a range of $758 million to $762 million. The consensus forecast was $756 million, according to LSEG. Third-quarter adjusted earnings and revenue also beat Wall Street expectations. Ulta Beauty — Shares of Ulta Beauty rose nearly 12% after the beauty retailer beat third-quarter profit and revenue estimates. Ulta earned $5.14 per share on revenue of $2.53 billion, beating consensus estimates of $4.54 per share on revenue of $2.5 billion, according to LSEG. The company also raised its full-year forecast. GitLab – Shares of GitLab rose nearly 11% after the maker of software development tools beat third-quarter earnings and revenue estimates. GitLab reported adjusted earnings of 23 cents per share on revenue of $196 million, well above the LSEG consensus estimate of 16 cents per share on revenue of $188 million. GitLab also named Bill Staples as its new CEO, effective Thursday. Rubrik — Shares of the data security company soared nearly 24% after the company reported a smaller-than-expected third-quarter loss. Rubrik posted a loss of 21 cents per share for the quarter, while analysts polled by LSEG expected a loss of 40 cents per share. The company’s revenue also beat expectations, reaching $236 million, compared with the consensus estimate of $218 million. UiPath – Shares of UiPath fell about 4% after the automation software company disappointed investors with its fourth-quarter revenue outlook. UiPath expected revenue to be between $422 million and $427 million, but analysts polled by LSEG expected revenue of $424 million. However, the company’s third-quarter profit and revenue results beat analysts’ expectations. Asana – Shares rose more than 26% after the work management software company reported a smaller-than-expected adjusted loss. Asana lost 2 cents per share on revenue of $184 million. Analysts expected a loss of 7 cents a share on revenue of $181 million, according to LSEG. Petco Health & Wellness – The pet retailer reported a smaller loss than Wall Street expected, sending its shares up more than 8%. Petco reported a third-quarter loss of 2 cents per share, while analysts polled by LSEG had expected a loss of 4 cents per share. The company also beat revenue estimates in the period. Victoria’s Secret – Shares of Victoria’s Secret rose about 3% after the retailer reported better-than-expected third-quarter results. Victoria’s Secret lost 50 cents a share on revenue of $1.35 billion. Analysts surveyed by LSEG had expected a loss of 63 cents per share on revenue of $1.29 billion. The company also raised its full-year forecast. AMC Entertainment – Shares of AMC Entertainment fell more than 8% after the movie theater chain agreed to sell up to 50 million shares. Previously, a post posted by meme stock celebrity “Roaring Kitty” on X caused the company’s and GameStop’s stock prices to rise by about 6% in the previous trading day. —CNBC’s Samantha Subin and Hakyung Kim contributed reporting.
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