Pedestrians walk past an Ulta Beauty Store in New York.
Gabby Jones | Bloomberg | Getty Images
Check out the companies that hit the headlines on Thursday after the bell:
Ulta Beauty – The beauty retailer’s stock fell about 7% when it was announced that CEO Mary Dillon will step down in June and company President Dave Kimbell takes her place. Ulta beat Wall Street estimates of earnings and sales, but net sales were down 4.6% from the fourth quarter of 2019, partly due to pandemic lockdowns and a decline in cosmetic sales. Ulta had earnings per share of $ 3.41 on sales of $ 2.20 billion. Analysts surveyed by Refinitiv expected earnings per share of $ 2.35 on sales of $ 2.08 billion.
DocuSign – DocuSign stock was down more than 4% despite the company reporting fourth quarter results that exceeded analysts’ expectations. The company reported earnings per share of 37 cents on sales of $ 430.9 million. Analysts surveyed by Refinitiv expected earnings per share of 22 cents on sales of $ 407.6 million.
Poshmark – The e-commerce company’s shares fell around 13% after Poshmark released a weaker-than-expected sales forecast for the current quarter in the company’s first-quarter results since going public. CNBC doesn’t compare earnings per share with estimates for a company’s first report after its IPO. Poshmark had fourth quarter sales of $ 69.3 million. Analysts surveyed by Refinitiv expected sales of $ 68 million.
Funko – The toy company’s shares rose 9% after the company posted better-than-expected results in the fourth quarter. Funko saw sales grow thanks to key product lines such as The Mandalorian, Harry Potter and Marvel Comics. The toy company had earnings per share of 29 cents on sales of $ 226.5 million. Analysts polled by Refinitiv expected earnings per share of 14 cents on sales of 195.7 million US dollars.