After-hours movers: GM, Tesla gain on EV charging pact; DocuSign jump on EPS

After-Hours Movers:

Planet Labs (NYSE: PL) 15% LOWER; reported Q1 EPS of ($0.13), $0.02 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $52.7 million versus the consensus estimate of $52.92 million. Planet Labs sees Q2 2024 revenue of $53-55 million, versus the consensus of $60.7 million. Non-GAAP Gross Margin is expected to be in the range of approximately 48% to 49%. Adjusted EBITDA loss is expected to be in the range of approximately ($20) million and ($17) million. Planet Labs sees FY2024 revenue of $225-235 million, versus the consensus of $257 million.

Braze, Inc. (NASDAQ: BRZE) 8% HIGHER; reported Q1 EPS of ($0.13), $0.05 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $101.8 million versus the consensus estimate of $98.99 million. Braze, Inc. sees Q2 2024 EPS of ($0.13)-($0.14), versus the consensus of ($0.16). Braze, Inc. sees Q2 2024 revenue of $108-109 million, versus the consensus of $107.18 million. Braze, Inc. sees FY2024 EPS of ($0.51)-($0.55), versus the consensus of ($0.55). Braze, Inc. sees FY2024 revenue of $442.5-446.5 million, versus the consensus of $436.43 million.

DocuSign Inc. (NASDAQ: DOCU) 6% HIGHER; reported Q1 EPS of $0.72, $0.17 better than the analyst estimate of $0.55. Revenue for the quarter came in at $661.4 million versus the consensus estimate of $641.69 million. DocuSign Inc. sees Q2 2024 revenue of $675-679 million, versus the consensus of $670.4 million. DocuSign Inc. sees FY2024 revenue of $2.713-2.725 billion, versus the consensus of $2.7 billion.

Tesla, Inc. (NASDAQ: TSLA) 3% HIGHER; GM to use Tesla's NACS connector design and charging stations.

General Motors (NYSE: GM) 3% HIGHER; teams with Tesla on EV charging.

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