Take a look at the companies capturing attention in after-hours trading.
1. Robinhood Markets – Shares surged 8% following a surprise earnings and revenue beat from the trading platform. Robinhood surpassed analyst expectations with earnings per share of 3 cents, outperforming the anticipated loss of 1 cent per share. Revenue also exceeded estimates, reaching $471 million compared to the expected $457 million.
2. Lyft – The rideshare company witnessed a 16% increase in shares after reporting robust fourth-quarter results and offering optimistic guidance. Lyft exceeded analyst estimates with adjusted earnings per share of 18 cents, above the predicted 8 cents, with revenue hitting $1.22 billion as expected.
3. GoDaddy – Shares dipped 2% in after-hours trading as the Internet domain company released its fourth-quarter results, showing total revenue of $1.1 billion, a 6% increase year-over-year.
4. Akamai Technologies – The cloud computing firm saw a more than 3% drop in shares following mixed quarterly results. While earnings surpassed expectations, revenue fell short. Management’s forecast for adjusted earnings growth of 7% to 11% for the year also missed analyst estimates.
5. MGM Resorts – Shares fell nearly 4% despite the casino operator beating top and bottom-line expectations in the fourth quarter. A strike in Detroit and labor costs impacted the U.S. regional casino segment, although the China segment outperformed.
6. Zillow Group – The real estate marketplace’s stock rose 3% after hours as it posted adjusted earnings of 20 cents per share and revenues of $474 million, beating analyst predictions on both fronts.
7. IAC – The media company’s stock jumped 3.5% after reporting fourth-quarter revenue in line with estimates and higher adjusted earnings before interest, taxes, depreciation, and amortization than expected.
8. Upstart – Shares plummeted 22% as the online lender reported a narrower-than-expected fourth-quarter loss but revenue slightly exceeding estimates.
9. Topgolf Callaway Brands – The stock declined around 2% due to weaker-than-expected first-quarter revenue guidance. Analysts had anticipated higher revenue compared to the company’s forecast.
10. Airbnb – Shares decreased 4% despite the vacation lodging company surpassing revenue expectations in the fourth quarter, reporting $2.22 billion in revenue.
11. Instacart – The grocery delivery company’s stock edged up slightly following its announcement of laying off approximately 250 employees. Fourth-quarter revenue slightly missed analyst estimates.
12. DaVita – The health-care company’s stock rose 4% after reporting earnings and revenue above expectations for the fourth quarter.
13. Angi – The home services platform surged 7% in extended trading after posting a smaller-than-expected quarterly loss of 1 cent per share, outperforming analyst forecasts.
Source (CNBC)
