Stocks making the biggest moves after hours: ABNB, HOOD, ARM, EQIX


A key is seen in front of a computer screen displaying the Airbnb logo in Ankara, Turkey, on Nov. 22, 2023.

Dilara Irem Sancar | Anadolu | Getty Images

Check out the companies making headlines in extended trading:

Airbnb — The hoteling company issued disappointing forward guidance, dragging shares down 8%. Airbnb said second-quarter revenue would range between $2.68 billion and $2.74 billion, but analysts were calling for $2.74 billion, per LSEG. The company beat on the top and bottom lines for the first quarter.

Robinhood — The retail investing company jumped about 6% after the company’s first-quarter report surpassed Wall Street estimates. Robinhood reported earnings of 18 cents per share on revenue of $618 million, while analysts polled by LSEG expected 6 cents in earnings per share and $549 million in revenue.

Klaviyo — Shares climbed 7% after the marketing automation company issued promising revenue guidance for the second quarter. Klaviyo expects revenue in the current quarter of $211 million to $213 million, while analysts polled by LSEG expected $210 million.

Arm Holdings — Shares pulled back 6%. The chip company posted full-year revenue guidance of $3.8 billion to $4.1 billion, while Wall Street called for $3.99 billion in revenue, per LSEG.

Equinix — The data center real estate investment trust climbed more than 11%. Equinix posted adjusted earnings before interest, taxes, depreciation and amortization of $992 million for the first quarter. Analysts polled by FactSet called for $981.3 million.

AppLovin — The mobile tech company surged 10%. First-quarter earnings for AppLovin came in at 67 cents per share, while revenue was $1.06 billion. Analysts called for earnings of 57 cents a share and revenue of $974 million.

SolarEdge — The solar energy company slid nearly 7%. SolarEdge posted a wider-than-expected loss for the first quarter, coming in at $1.90 a share, while analysts polled by LSEG anticipated a loss of $1.57 per share. Second-quarter revenue guidance was also weak, ranging between $250 million and $280 million, versus analysts’ estimates for $306 million.



View Original Source Here

You May Also Like

Question of firearm training might absolve Alec Baldwin of negligence in ‘Rust’ shooting, says trial attorney

Trial attorney Jeff Harris said that a question of negligence on the…

Starbucks union says workers at more than 150 stores will strike over Pride decor

In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Marchers with…

Americans are going abroad in droves — at the expense of domestic travel

In this article MAR LUV JBLU ULCC Follow your favorite stocksCREATE FREE…

Allbirds ‘dramatically’ slows pace of new hires as loss widens

In this article BIRD A woman walks past an Allbirds store in…