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Rent the Runway Inc (NASDAQ:RENT) 23% LOWER; reported Q2 EPS of ($0.53), $0.12 better than the analyst estimate of ($0.65). Revenue for the quarter came in at $76.5 million versus the consensus estimate of $73.57 million. Rent the Runway sees Q3 2022 revenue of $72-74 million, versus the consensus of $79.7 million. Rent the Runway sees FY2022 revenue of $285-290 million, versus the consensus of $303.84 million.
Planet Labs (NYSE:PL) 11% HIGHER; reported Q2 EPS of ($0.15), $0.01 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $48.5 million versus the consensus estimate of $42.4 million. Planet Labs sees Q3 2023 revenue of $45-48 million, versus the consensus of $46.6 million. Planet Labs sees FY2023 revenue of $182-190 million, versus the consensus of $182 million.
Catalyst Pharmaceuticals Inc (NASDAQ:CPRX) 10% HIGHER; will replace ManTech International Corporation (NASDAQ:MANT) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, September 15.
Revance Therapeutics, Inc. (NASDAQ:RVNC) 7% LOWER; announced a proposed underwritten public offering of $150 million of its common stock.
Braze Inc (NASDAQ:BRZE) 5% LOWER; reported Q2 EPS of ($0.16), $0.04 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $86.1 million versus the consensus estimate of $81.16 million. Braze, Inc. sees Q3 2023 EPS of ($0.22)-($0.23), versus the consensus of ($0.20). Braze, Inc. sees Q3 2023 revenue of $90-91 million, versus the consensus of $90.3 million. Braze, Inc. sees FY2023 EPS of ($0.77)-($0.79), versus the consensus of ($0.80). Braze, Inc. sees FY2023 revenue of $347-350 million, versus the consensus of $346.83 million.
AppLovin Corp (NASDAQ:APP) 3% HIGHER; announced that it does not intend to submit another proposal to combine with Unity Software Inc . and has withdrawn its initial proposal from August 9, 2022.
Unity Software Inc (NYSE:U) 2% LOWER; AppLovin (APP) announced that it does not intend to submit another proposal to combine with Unity Software Inc. and has withdrawn its initial proposal from August 9, 2022.
Peloton Interactive, Inc. (NASDAQ:PTON) 2% LOWER; accepted the resignations of John Foley as Executive Chair and Hisao Kushi as Chief Legal Officer, effective September 12, 2022 and October 3, 2022, respectively.
Oracle (NYSE:ORCL) 2% HIGHER; reported Q1 EPS of $1.03, $0.05 worse than the analyst estimate of $1.08. Revenue for the quarter came in at $11.4 billion versus the consensus estimate of $11.33 billion.
