Guidewire Software shares tumbled 21% after the insurance‑platform provider released quarterly revenue guidance that fell short of analyst expectations. The company projects Q revenue of $372 million to $378 million, below the LSEG consensus of $387 million, while its full‑year revenue outlook of $1.71 billion to $1.73 billion trails the $1.70 billion estimate.
Tesla’s stock declined about 6% after the National Highway Traffic Safety Administration opened an investigation into whether the Cybercab meets federal safety standards. The probe follows Tesla’s recent launch of robotaxi services in Austin, Texas.
Semiconductor stocks Sandisk and KLA posted sharp gains, rising more than 8% and 7%, respectively, as the chip sector rallied ahead of the holiday weekend. The VanEck Semiconductor ETF (SMH) climbed over 2% and the Roundhill Memory ETF (DRAM) added 5%.
Quanex Building Products surged 19% after reporting stronger‑than‑expected third‑quarter results. Adjusted earnings of 79 cents per share beat the FactSet consensus of 66 cents, while revenue of $501.8 million exceeded the $497.5 million forecast. Adjusted EBITDA also surpassed expectations.
AMC Entertainment rose 6.5% after CEO Adam Aron publicly criticized Robinhood’s issuance of stock tokens for AMC and other companies, calling the practice “contemptible, outrageous, disgusting.” Robinhood’s shares slipped nearly 1% in response.
Credit‑reporting firms Equifax, TransUnion and Fair Isaac retreated during the session. Federal Housing Finance Agency Director Bill Pulte said the bureaus have been “overcharging Americans for too long,” prompting a sell‑off. Fair Isaac fell more than 15%, while Equifax and TransUnion dropped 6.8% and over 7%, respectively.
Smith & Wesson reported a surprise profit, with quarterly earnings of 6 cents per share versus a 6‑cent loss expected, and revenue of $112.6 million beating the $98.7 million consensus, sending its shares up 6%.
Lululemon Athletica’s stock tumbled 17% after issuing a weaker‑than‑anticipated outlook. The company projects Q earnings of 93 cents to 98 cents per share on revenue of $2.29 billion to $2.32 billion, below analysts’ $2.40 per share and $2.53 billion estimates.
Zscaler posted better‑than‑expected Q4 results—adjusted EPS of $1.19 on $898 million revenue—but its shares slipped 5%. The cloud‑security firm also guided above consensus for the upcoming quarter.
Adobe announced that Anil Chakravarthy will become its next CEO, succeeding Shantanu Narayen, who announced his retirement in March. The software company’s shares dipped 6% on the news.
Asana’s stock fell 14% after its Q3 guidance fell short of expectations, projecting revenue of $217 million to $219 million and adjusted EPS of 8 cents per share, versus the 9‑cent and $218 million forecasts.
Samsara rose about 4%, lifted by full‑year revenue guidance of $2.04 billion to $2.05 billion, surpassing the $2.01 billion consensus, and an adjusted EPS outlook of 76 cents to 78 cents per share, above the 72‑cent estimate.
UiPath shares dropped 16% despite a slight beat on Q adjusted operating income ($100 million vs. $99.6 million expected). Revenue guidance of $440 million to $445 million missed the $441.5 million estimate.
Oxford Industries, owner of Tommy Bahama and Lilly Pulitzer, fell 17% after cutting its full‑year guidance. It now expects adjusted EPS of $1.60 to $2.00, down from $2.30 to $2.70, and revenue of $1.43 billion to $1.47 billion, versus the prior $1.475 billion to $1.505 billion range.
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