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Check out the companies making headlines in midday trading.
DocuSign — The software stock plunged 40% after the company issued fourth-quarter sales guidance that was lower than what analysts expected. DocuSign gave a range of $557 million to $563 million, while analysts surveyed by Refinitiv expected $573.8 million.
Asana — Shares of the work management platform tumbled 26% despite beating expectations in its third-quarter results. Asana recorded an adjusted loss of 23 cents per share, which was narrower than the loss of 27 cents per share estimated by analysts, according to StreetAccount.
Ollie's Bargain Outlet — Shares of the discount retail chain tanked 20% after Ollie's missed estimates on the top and bottom lines for
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