In this photo illustration, the logo of U.S. technology company “Block” is displayed and reflected on multiple digital screens on March 3, 2023, in London, England.
Leon Neal | Getty Images
Check out the companies making headlines in extended trading.
Intuitive – Shares fell about 1% after the financial software company posted revenue of $3.39 billion in its fiscal second quarter. The result corresponded to the expectations of the analysts surveyed by LSEG. Adjusted earnings came in above Wall Street’s estimate of $2.63 per share, compared with analysts’ expectations of $2.30 per share.
Live Nation Entertainment — Shares rose about 1% in extended trading. Live Nation reported revenue of $5.84 billion, beating analyst estimates of $4.79 billion, per LSEG. The entertainment company also reported fourth-quarter operating income that was slightly below consensus.
Booking stocks — The online travel company slumped more than 4% even as it reported fourth-quarter profit and revenue growth, while room nights booked rose 9%. Booking Holdings also announced it would pay a quarterly cash dividend of $8.75 per share.
Isolate – The medical device company fell more than 5% after giving lower-than-expected sales growth forecast. Insulet expects first-quarter sales to rise 17% to 20% year-over-year, while analysts surveyed by FactSet expected 24.3%.
block – Shares of the payments company rose nearly 11% after a fourth-quarter revenue surge. Block reported revenue of $5.77 billion, while analysts surveyed by LSEG expected $5.70 billion. The company expects gross profit of at least $8.65 billion in 2024, an increase of at least 15% from last year.
caravan – Shares rose more than 20% after the auto resale company said it expects the number of retail units sold to increase in 2024, but did not provide specific numbers. Carvana reported a fourth-quarter loss of $1 per share on revenue of $2.42 billion, missing estimates from analysts surveyed by LSEG.
Free market – The e-commerce company fell 8% after posting fourth-quarter profit of $3.25 per share, level with the same period last year. Operating income, excluding items, was $572 million, while analysts surveyed by FactSet had forecast $668.5 million.
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2024-02-22 22:08:53
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