A key is seen in front of a computer screen with the Airbnb logo on November 22, 2023 in Ankara, Turkey.
Dilara Irem Sancar | Anatolia | Getty Images
Check out the companies making headlines in extended trading:
Airbnb – The hotel company gave disappointing future guidance, sending shares down 8%. Airbnb said second-quarter revenue would be between $2.68 billion and $2.74 billion, but analysts forecast $2.74 billion, per LSEG. The company exceeded sales and earnings in the first quarter.
Robin Hood – The retailer rose about 6% after the company’s first-quarter report beat Wall Street estimates. Robinhood reported earnings of 18 cents per share on revenue of $618 million, while analysts polled by LSEG expected earnings per share of 6 cents on revenue of $549 million.
Klaviyo – Shares rose 7% after the marketing automation company issued promising second-quarter revenue guidance. Klaviyo expects revenue of $211 million to $213 million for the current quarter, while analysts surveyed by LSEG expected $210 million.
Arm stocks — Shares fell 6%. The chip company announced full-year sales forecast of $3.8 billion to $4.1 billion, while Wall Street forecast sales of $3.99 billion, per LSEG.
Equinix – Data Center Real Estate Investment Trust rose more than 11%. Equinix posted adjusted earnings before interest, taxes, depreciation and amortization of $992 million in the first quarter. Analysts polled by FactSet were calling for $981.3 million.
AppLovin — The mobile technology company rose 10%. AppLovin’s first-quarter profit was 67 cents per share, while revenue was $1.06 billion. Analysts expected earnings of 57 cents per share and revenue of $974 million.
SolarEdge — The solar energy company fell nearly 7%. SolarEdge posted a larger-than-expected first-quarter loss of $1.90 per share, while analysts polled by LSEG expected a loss of $1.57 per share. Second-quarter revenue guidance was also weak, ranging between $250 million and $280 million, compared with analysts’ estimates of $306 million.
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2024-05-08 21:29:30
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