Ulta Beauty and Docusign report strong earnings gains

Ulta Beauty shares rose 7% after reporting fourth-quarter earnings of $8.46 per share, surpassing expectations of $7.12. However, the company's guidance for the full year was weak. Docusign's stock increased 8% following stronger-than-expected fourth-quarter earnings of 86 cents per share, beating the forecast by 1 cent. Revenue also exceeded expectations at $776 million. Rubrik's shares jumped 15% after reporting a narrower adjusted loss of 18 cents per share and revenue of $258 million, both better than analyst predictions. PagerDuty and Semtech also saw significant gains due to strong earnings reports.