Fannie Mae, Freddie Mac shares tumble after conservatorship comments
After-hours movers:
Broadcom (NASDAQ:AVGO) fell 2.4% after reporting second quarter results and guidance that were in-line with consensus, disappointing bulls expecting upside. Q2 AI revenue grew 46% year-over-year to over $4.4 billion.
lululemon athletica (NASDAQ:LULU) fell 17% after it published guidance that was significantly below consensus expectations.
Rocket Lab USA (RKLB) rose 4% after Elon Musk’s feud with Donald Trump lifted SpaceX competitors. AST SpaceMobile (ASTS) also gained.
Samsara (IOT) fell 11% despite reporting better than expected quarterly results and guidance.
Rubrik (RBRK) rose 6.5% after quarterly results topped consensus. First quarter subscription ARR grew 38% year-over-year to $1.18 billion and first quarter revenue grew 49% year-over-year to $278.5 million.
Braze (NASDAQ:BRZE) fell 8.6% after it lowered full year EPS guidance.