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The Container Store Group (NYSE:TCS) 14% LOWER; reported Q4 EPS of $0.18, $0.02 better than the analyst estimate of $0.16. Revenue for the quarter came in at $259.7 million versus the consensus estimate of $265.72M. The Container Store Group sees Q1 2024 EPS of ($0.16)-($0.10), versus the consensus of $0.12. The Container Store Group sees Q1 2024 revenue of $200-210M, versus the consensus of $257.7M. The Container Store Group sees FY2024 EPS of $0.21-$0.31, versus the consensus of $0.72. The Container Store Group sees FY2024 revenue of $885-900M, versus the consensus of $1053M.
Evgo Inc (NASDAQ:EVGO) 13% LOWER; announced today the commencement of an underwritten public offering of $125,000,000 of shares of its Class A common stock.
Vivid Seats Inc (NASDAQ:SEAT) 10% LOWER; announced that Hoya Topco, LLC (the selling stockholder) intends to offer 16,000,000 shares of the Companys Class A common stock (Class A common stock) in a secondary underwritten public offering.
Western Alliance Bancorporation (NYSE:WAL) 7% HIGHER; WAL’s deposit balances stabilized by March 20 and resumed growth trajectory. QTD deposit growth exceeded $2 billion as of May 12, up from $47.6B as of March 31. Insured Deposit Strength >79% as of May 12, up from 68% as of March 31
Keysight Technologies (NYSE:KEYS) 7% HIGHER; reported Q2 EPS of $2.12, $0.17 better than the analyst estimate of $1.95. Revenue for the quarter came in at $1.39B versus the consensus estimate of $1.38B. Keysight Technologies sees Q3 revenue of $1.34-$1.39B, versus the consensus of $1.38B and EPS of $2.00-$2.06, versus the consensus of $1.96.
Doximity Inc (NYSE:DOCS) 6% LOWER; reported Q4 EPS of $0.20, $0.03 better than the analyst estimate of $0.17. Revenue for the quarter came in at $111M versus the consensus estimate of $110.09M. Doximity, Inc. sees Q1 2024 revenue of $106.5-107.5M, versus the consensus of $112M. Doximity, Inc. sees FY2024 revenue of $500-506M, versus the consensus of $507M.
PacWest Bancorp (NASDAQ:PACW) 5% HIGHER; gains on WAL update
Maxeon Solar Technologies Ltd (NASDAQ:MAXN) 4% LOWER; announced the launch of an underwritten public offering of an aggregate of 6,800,000 ordinary shares. Maxeon is offering 5,100,000 ordinary shares, and an affiliate of TotalEnergies SE ADR (NYSE:TTE), which currently holds approximately 24.2% of Maxeon’s outstanding ordinary shares, is offering 1,700,000 ordinary shares of Maxeon.
Everest Re Group, Ltd. (NYSE:RE) 3% LOWER; announced today that it has commenced an underwritten public offering of 3,000,000 common shares. The underwriters will have the option to purchase up to an aggregate of 450,000 additional common shares from the Company.
Gates Industrial Corporation plc (NYSE:GTES) 3% LOWER; announced today that certain selling stockholders affiliated with Blackstone (NYSE:BX) Inc. have commenced a secondary offering of 22,500,000 of Gates’ ordinary shares. In connection with the offering, the Selling Stockholders intend to grant to the underwriters a 30-day option to purchase up to 3,375,000 additional ordinary shares.
Intapp Inc (NASDAQ:INTA) 3% LOWER; announced that it intends to offer and sell 2,000,000 shares of the company’s common stock in an underwritten public offering.
ServiceNow (NYSE:NOW) 1% HIGHER; announced that its Board of Directors has authorized the company’s first-ever share repurchase program. The new program authorizes the purchase of up to $1.5B in shares of common stock.
