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{"id":43583,"date":"2023-08-03T21:54:00","date_gmt":"2023-08-03T21:54:00","guid":{"rendered":"https:\/\/financeworld24.com\/stocks-making-the-biggest-moves-after-hours-apple-amazon-airbnb-coinbase-and-more\/"},"modified":"2023-08-03T21:54:00","modified_gmt":"2023-08-03T21:54:00","slug":"stocks-making-the-biggest-moves-after-hours-apple-amazon-airbnb-coinbase-and-more","status":"publish","type":"post","link":"https:\/\/financeworld24.com\/stocks-making-the-biggest-moves-after-hours-apple-amazon-airbnb-coinbase-and-more\/","title":{"rendered":"Stocks making the biggest moves after hours: Apple, Amazon, Airbnb, Coinbase and more"},"content":{"rendered":"
\n
\n
\n
\n
\n

Sheldon Cooper | Lightrocket | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\n

Check out the companies making headlines in after-hours trading.<\/em><\/p>\n

Amazon<\/a><\/span><\/span><\/span> \u2014 The e-commerce giant popped more than 7% in extended trading after posting strong second-quarter results<\/a> and issuing upbeat revenue guidance for the current period. Amazon reported earnings of 65 cents a share, ahead of the 35 cents expected by analysts, per Refinitiv. Revenue rose 11% during the period and came in at $134.4 billion, ahead of the expected $131.5 billion.<\/p>\n

Apple<\/a><\/span><\/span><\/span> \u2014 The big technology stock slid 1% as traders parsed the company’s latest financial report.<\/a> Earnings per share for the fiscal third quarter came in at $1.26, above the $1.19 expected by analysts polled by Refinitiv. Revenue also came in higher than anticipated but was down about 1% on a year-over-year basis.<\/p>\n

Booking Holdings<\/a><\/span><\/span><\/span> \u2014 Shares of the online travel company advanced 9% in extended trading. For its second quarter, Booking Holdings reported adjusted earnings of $37.62 per share on revenue of $5.46 billion. Analysts polled by Refinitiv called for earnings of $28.90 per share on revenue of $5.17 billion.\u00a0<\/p>\n

Fortinet<\/a><\/span><\/span><\/span> \u2014 Shares of the cybersecurity stock tumbled 17% following a mixed second-quarter report and outlook. Fortinet posted 38 cents in adjusted earnings per share on $1.29 billion in revenue. Analysts polled by Refinitiv had expected 34 cents per share on $1.3 billion. Guidance for the current quarter was similarly mixed, with forecast earnings in line with expectations and revenue softer than Wall Street anticipated.<\/p>\n

DraftKings<\/a><\/span><\/span><\/span> \u2014 Shares of the digital gambling company popped 10% after DraftKings surpassed analysts’ estimates in the second quarter. DraftKings posted a loss of 17 cents per share on revenue of $875 million. Analysts called for a loss of 25 cents a share and $764 million in revenue, per Refinitiv.<\/p>\n

Airbnb<\/a><\/span><\/span><\/span> \u2014 Shares slid 1% after the company reported its\u00a0second-quarter earnings<\/a>. Airbnb posted 98 cents in earnings per share on revenue of $2.48 billion. Analysts had forecast 78 cents in earnings per share on $2.42 billion in revenue, according to Refinitiv. However, the company’s nights and experiences bookings missed expectations.<\/p>\n

Coinbase<\/a><\/span><\/span><\/span> \u2014 The crypto trading platform jumped 1% after posting second-quarter results. Coinbase posted a narrower-than-expected loss of 42 cents a share, while analysts polled by Refinitiv estimated a loss of 77 cents per share. Revenue also surpassed expectations, coming in at $708 million, versus analysts’ forecast for $633 million.<\/p>\n

Dropbox<\/a><\/span><\/span><\/span> \u2014 The online collaboration platform advanced 3% on the back of strong second-quarter earnings. Dropbox reported 51 cents in adjusted earnings per share, while analysts surveyed by Refinitiv anticipated 46 cents. Revenue came in at $623 million, ahead of the $614 million forecast.<\/p>\n

Redfin<\/a><\/span><\/span><\/span> \u2014 Redfin dropped 10% after issuing weaker-than-expected third-quarter revenue guidance. The company forecast third-quarter revenue between $265 million and $279 million, lower than the $288 million expected by analysts polled by Refinitiv. Meanwhile, the real estate company posted second-quarter revenue of $276 million, which came in line with estimates. Redfin reported a narrower-than-expected loss of 25 cents per share, better than the expected loss of 32 cents per share.<\/p>\n

Corsair Gaming<\/a><\/span><\/span><\/span> \u2014 The gaming stock slid 1% despite posting strong earnings and reiterating its full-year outlook. For the second quarter, earnings per share came in line with the consensus estimate from FactSet of 9 cents. Revenue beat expectations at $325.4 million compared with a $322.8 million forecast.<\/p>\n

Sprout Social<\/a><\/span><\/span><\/span> \u2014 The digital media stock dropped 11% after the company announced its acquisition<\/a> of Tagger Media, a social intelligence and influencer marketing platform.<\/p>\n

Square<\/a><\/span><\/span><\/span> \u2014 Shares of the payments tech company dipped more than 4% in after-hours trading even after the firm reported second-quarter earnings and revenue above expectations. Square reported earnings of 39 cents per share, versus analysts’ 36 cents estimate per Refinitiv. Revenue of $5.53 billion also came in higher than the expectation of $5.10 billion.<\/p>\n

\u2014 CNBC’s Darla Mercado, Hakyung Kim, Sarah Min, Samantha Subin and Yun Li contributed reporting.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n

Source: www.cnbc.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Sheldon Cooper | Lightrocket | Getty Images Check out the companies making headlines in after-hours trading. Amazon \u2014 The e-commerce giant popped more than 7% in extended trading after posting strong second-quarter results and issuing upbeat revenue guidance for the current period. 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