DocuSign, Gap rise; Costco, Marvell fall, Friday, 3/8/2024
on Friday: Costco Wholesale Corp., down $60.03 to $725.56. The warehouse club operator's fourth-quarter revenue fell short of Wall Street forecasts. Marvell Technology Inc., down $9.67 to $75.42.
The chipmaker gave investors a disappointing financial forecast. MongoDB Inc., down $28.59 to $383.42. The database platform's earnings and revenue forecasts fell short of analysts' expectations.
DocuSign Inc., up $2.41 to $55.97. The provider of electronic signature technology beat analysts' fourth-quarter earnings and revenue forecasts. Gap Inc., up $1.59 to $20.92.
The clothing chain reported strong fourth-quarter financial results. Xoma Corp., down 41 cents to $24.71. The drug developer's fourth-quarter loss was much bigger than analysts expected.
Smith & Wesson Brands, Inc., up $3.95 to $17.39. The firearm maker beat analysts' fiscal third-quarter earnings and revenue forecasts. Amylyx Pharmaceuticals Inc., down $15.61 to $3.36.
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