DocuSign, Netflix and Broadcom rise premarket; Lululemon, Costco fall
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Chinese EV brand Zeekr files for U.S. IPO
December 13, 2022 1:52 PM ESTChina's Geely Automobile Holdings Ltd announced Tuesday that the companys electric car brand, Zeekr, has confidentially filed for a U.S. initial public offering, in what would be the first major Chinese listing in the country in nearly two years.
Reuters on Monday exclusively reported that Zeekr was... More
Li Auto (LI) announces management and board changes
December 9, 2022 1:30 PM ESTChinese electric vehicle maker, Li Auto (NASDAQ: LI) announced today that the companys president and director, Mr. Yanan Shen has resigned to devote more time to his personal affairs. The resignation will take effect on January 1, 2023. Mr. Shen will stay with the Company to support the Companys continued efforts in the organizational upgrades to prepare for its future success.
The electric automaker also announced that the board has promoted Mr. Donghui Ma, chief engineer, as the president and appointed him as a director of the Company, effective on January 1, 2023. Mr. Yan Xie,... More
Costco (COST) misses earnings estimates, shares start Friday lower
December 9, 2022 10:43 AM ESTCostco (NASDAQ: COST) dipped early Friday on the back of its fiscal first-quarter earnings release that missed analysts' estimates.
The big box retailer posted earnings of $3.07 per share, $0.05 worse than the analyst estimate of $3.12, with revenue for the quarter coming in at $54.4 billion below the consensus estimate of $54.79 billion.
Net sales for the first quarter increased by 8.1%, but adjusted e-commerce sales dipped by 2%.
Following the report, Deutsche... More
DocuSign (DOCU) stable quarter prompts upgrade, analyst praise
December 9, 2022 9:05 AM ESTShares of DocuSign Inc. (NASDAQ: DOCU) rose 10% in pre-open trading after posting a solid beat in its third quarter and issuing revenue guidance that was in-line with the Wall Street consensus.
Revenue for the e-signature company rose 18% in the quarter for $645.5 million, beating the consensus of $627 million.
Non-GAAP net income per diluted share was $0.57, beating the consensus of $0.42.
For the current quarter,... More
