Stocks on the go after hours: RH, DocuSign, Zumiez

RH (RH): Shares of RH rose 1% after hours after the retailer beat both the top and bottom lines for the second quarter but cut its full-year revenue forecast. Sales for the quarter were $991.6 million, up 0.3% from a year earlier, on adjusted earnings of $8.08 per share.

Chief executive Gary Friedman attributed the second-quarter performance to “faster easing of the backlog despite a deteriorating macro environment.” Despite this improvement, RH lowered its full-year earnings forecast to -3.5% to -5% from its previous view of -2% to -5%.

DENVER, CO – OCTOBER 13: The new Restoration Hardware store is about to open at Cherry Creek Mall.  The RH flagship features 4 levels including a roof terrace and lots of windows throughout the space.  It was taken on Tuesday, October 13, 2015. (Photo by Cyrus McCrimmon/The Denver Post via Getty Images)

Lead RH at Cherry Creek Mall in Colorado. (Photo by Cyrus McCrimmon/The Denver Post via Getty Images)

DocuSign (DOCU): Shares of DocuSign jumped 17% after the company posted better-than-expected second-quarter results and raised its guidance for subscription revenue for the year. DocuSign posted adjusted earnings of 44 cents on revenue of $622.2 million, up 22% year over year. Subscription revenue for the quarter was $605.2 million, an increase of 23% over the prior year.

DocuSign interim CEO Maggie Wildrotter wrote in the earnings release, “the results reflect our team’s focus and dedication to execution during this transition period, with a stronger foundation for execution in the second half of the year.” DocuSign raised its forecast for full-year subscription revenue to $2.55 billion to $2.57 billion, up from its previous guidance of $2.52 billion to $2.54 billion.

Zumiez (ZUMZ): Shares sank after the retailer missed earnings and lowered its third-quarter sales guidance. Zumiez sees net sales of $220 million to $228 million, below Wall Street’s estimate of $277.3 million.

CEO Rick Brooks noted that “inflation is weighing on consumer discretionary spending,” putting pressure on Zumiez’s US business. For the second quarter, the company reported earnings of 16 cents per share on sales of $220 million.

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