Stocks making the biggest moves after hours: Broadcom, DocuSign & more

Angel Navarrete | Bloomberg | Getty Images

Check out the companies making headlines after hours on Thursday:

Broadcom — Shares of the semiconductor builder rose 1% in after-hours trading on the back of better-than-expected results for the previous quarter. Broadcom posted a profit of $5.40 per share on revenue of $5.82 billion. Analysts polled by Refinitiv expected earnings of $5.24 per share on sales of $5.76 billion. Revenues for the company’s semiconductor solutions division topped a FactSet estimate while sales from infrastructure software were in line with expectations.

DocuSign — DocuSign shares climbed more than 1% after-hours as the company reported second-quarter results that beat analyst expectations. The cloud-based document manager posted earnings per share of 17 cents on revenue of $342.2 million. Wall Street analysts expected a profit of 8 cents per share on revenue of $318.6 million, according to Refinitiv. The lion’s share of the company’s revenue came from subscriptions, DocuSign said. “In an accelerating digital world where business can be conducted from anywhere, the need to agree electronically and remotely has never been stronger,” CEO Dan Springer said in a statement.

Domo — Shares of the cloud software company jumped more than 5% after the release of second-quarter results that beat analyst expectations. Domo reported a loss of 37 cents per share. Analysts polled by FactSet expected a loss of 50 cents per share. The company’s revenue for the quarter also topped a FactSet forecast. “Domo was built for this new world of work where business agility is imperative to surviving and thriving,” said Josh James in a release.

Tesla — Tesla shares fell more than 1% in after-hours trading, building on its sharp losses from the regular session. The electric car maker’s stock dropped 9% during regular trading hours as traders sold unwound positions in companies that had recently outperformed. Month to date, Tesla is down more than 18% through Thursday’s close.

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