E-signature company DocuSign (DOCU) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 7.3% year on year to $709.6 million. The company expects next quarter's revenue to be around $727 million, in line with analysts' estimates. It made a non-GAAP profit of $0.82 per share, improving from its profit of $0.72 per share in the same quarter last year.
Luxury ski resort company Vail Resorts (NYSE:MTN) missed analysts' expectations in Q1 CY2024, with revenue up 3.6% year on year to $1.28 billion. It made a GAAP profit of $9.54 per share, improving from its profit of $8.18 per share in the same quarter last year.
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell 13% in the afternoon session as betting stocks took a hit after the Illinois State Senate passed a bill proposing higher taxes on online sports betting operations. The new proposal suggests taxes paid by betting operators will increase starting on July 1, 2024 with the rate varying from 20% to 40% depending on the company's annual revenue.
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Leading designer of graphics chips Nvidia (NASDAQ:NVDA) beat analysts' expectations in Q1 CY2024, with revenue up 262% year on year to $26.04 billion. On top of that, next quarter's revenue guidance ($28 billion at the midpoint) was surprisingly good and 4.3% above what analysts were expecting. It made a non-GAAP profit of $6.12 per share, improving from its profit of $1.09 per share in the same quarter last year.