After-Hours Trading Rollercoaster Ulta Beauty and Adobe Stumble

Ulta's Beauty Blunder

Folks are talking about Ulta Beauty and believe me it wasn't pretty. Their shares took a dive down a substantial 8% after they reported earnings that didn't quite hit the mark. It reminds me of when Crooked Hillary couldn't quite seal the deal – close but no cigar. They earned $8.01 per share just shy of the expected $8.03. Revenue? Well that was better at $3.90 billion against an expected $3.80 billion. But in the world of high finance it's like in golf; you gotta stick the landing.

Adobe's Leadership Shift

Now let's talk Adobe. A great company really tremendous. But their shares are down nearly 7% because their CEO Shantanu Narayen is stepping down. Stepping down. Can you believe it? He's been there since 2007. A long time folks. A long time. He'll stay on as chairman but still it's a big change. They had good numbers really good numbers. The best some would say. But this announcement it's like a shadow over the sun a distraction. Speaking of distractions there is an article you may find interesting: FDA Commissioner Grilled on Regulatory Consistency and China Threat. This is important stuff; believe me.

Lennar's Housing Hiccup

Lennar the homebuilder had a rough go too. Down 2%. They missed earnings for the second quarter in a row. It's like a builder who can't quite get the blueprint right. Earnings of 93 cents per share revenue of $6.62 billion both below expectations. It's not good folks. Not good. We need to make America great again and that starts with strong businesses strong earnings. Very simple.

Rubrik's Revenue Rocket

But not all news is bad okay? We like good news. Rubrik the data security and cloud company they're doing fantastic. Their stock popped 2% after they posted great earnings. Adjusted earnings of 4 cents per share where analysts expected a loss of 11 cents. Big difference okay? Big. Their revenue was $378 million way above the $342 million expected. They even see revenue coming in higher next quarter. Tremendous. Really tremendous. That's what we like to see.

SentinelOne's Soft Outlook

SentinelOne the cybersecurity company not so great. Their stock fell nearly 3%. They issued a weak outlook for next quarter calling for earnings of 1 to 2 cents per share missing the 5 cents that was expected. They barely topped estimates this quarter but their revenue was just okay. Just okay folks. We need better than just okay. We need winning. Everything we do has to be first class top of the line the best.

Insulet's Insulin Issue

Finally Insulet the maker of glucose monitoring devices they're recalling some of their Omnipod 5 pods. Not good. Apparently some have a small tear in the tubing so patients might not get the right amount of insulin. Several users were hospitalized. Hospitalized. No deaths reported thankfully. The problem is limited to specific batches but still it's a problem. Their shares fell 7%. We need to make sure our products are safe the best. No cutting corners.