DocuSign Shares Surge After Q1 Earnings and Five Below Shares Rise on Strong Q1 Earnings
On Friday, shares of DocuSign surged, closing up 19.76%.
Shares of the American technology company rose after the company reported its first-quarter earnings.
The company’s adjusted earnings per share rose 267% to $0.44 a share, vs $0.28 as expected by Wall Street. Reported revenue was $469.1 million vs. $437.6 million as expected by Wall Street.
The pandemic has accelerated the transition to remote work, and DocuSign’s digital agreement technology has been a big part of this movement. In a statement, DocuSign CEO Dan Springer said, “We’ve increasingly become the way people agree in this emerging-anywhere economy—and that’s not only helping organizations continue operations during the pandemic but helping them realize new and more efficient ways of doing business in the future.”
Shares of DocuSign have risen over 4% this year.
On Friday, shares of Five Below jumped, closing up 6.98%.
Shares of the American chain of discount stores surged after the company reported strong first-quarter earnings.
The company reported first-quarter fiscal earnings for 2021 of $0.88 a share vs $0.66 a share as expected by analysts. Net sales rose 197.6% to $597.8 million, surpassing analyst’s estimates of $551.14 million. Comparable sales grew 162% year-over-year.
President and CEO of the company, Joel Anderson, said, “We are on track to open 170 to 180 new stores this year and offer our unique Five Below experience to more new customers. With the inherent flexibility of our eight worlds, unique merchandising approach and focus on innovation, we believe we remain in a position of strength to continue growing Five Below and driving sustainable, long-term value for all stakeholders.”
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.