- DocuSign Q3 24 – 07/12 – slipped below $40 a share at the end of October and the lowest levels since November 2018, as despite an improving revenue and profits outlook, the shares have continued to struggle. We've seen a modest rebound since then, however the shares have remained well below their September peaks of $53. In September when the company reported its Q2 numbers the shares fell sharply despite seeing an 11% increase in revenues to $687.7m, comfortably beating its Q1 guidance, with profits coming in at 72c a share. Just like they did in Q2, management upgraded their guidance projecting Q3 revenues of $687m to $691m, as well as raising their full year forecast to between $2.73bn and $2.74bn. Q3 profits are forecast to come in at 63c a share, up from 57c a share.
- GameStop Q3 24 – 06/12 – it's been a slow drift lower for GameStop shares over the past 6 months, after hitting a 7-month high back in June. The summer positivity came about after the gaming company posted a surprise quarterly profit at the end of last year, helped by a $4.5m boost from the sale of some digital assets. There has been success in cutting costs as well as withdrawing from non-core markets, however they have been hampered by some poor decisions, the partnership with failed crypto exchange FTX, as well as experimenting with NFT at around the same time the bottom fell out of that market. The company returned to a loss of 14c a share in Q1, or $50.5m, while net sales fell short at $1.24bn. For Q2 there was a slight improvement on last year with revenues rising to $1.16bn, while losses narrowed to 0.03c a share. Over the last few days we've seen the share price surge after option traders bought a load of cheap call options with $20 and above strike prices, in anticipation of a decent set of Q3 numbers. For Q3 expectations are for revenues to come in unchanged at $1.18bn while losses are expected to come in at 0.08c a share.
