A important is noticed in entrance of a laptop or computer screen exhibiting the Airbnb symbol in Ankara, Turkey, on Nov. 22, 2023.
Dilara Irem Sancar | Anadolu | Getty Visuals
Examine out the corporations earning headlines in prolonged trading:
Airbnb — The hoteling business issued disappointing ahead steerage, dragging shares down 8%. Airbnb reported second-quarter income would selection in between $2.68 billion and $2.74 billion, but analysts had been calling for $2.74 billion, for every LSEG. The business conquer on the top and base lines for the initial quarter.
Robinhood — The retail investing enterprise jumped about 6% following the firm’s very first-quarter report surpassed Wall Street estimates. Robinhood described earnings of 18 cents for each share on income of $618 million, even though analysts polled by LSEG anticipated 6 cents in earnings for every share and $549 million in revenue.
Klaviyo — Shares climbed 7% following the advertising and marketing automation business issued promising profits direction for the next quarter. Klaviyo expects profits in the current quarter of $211 million to $213 million, while analysts polled by LSEG expected $210 million.
Arm Holdings — Shares pulled again 6%. The chip firm posted total-yr revenue direction of $3.8 billion to $4.1 billion, though Wall Road called for $3.99 billion in income, for each LSEG.
Equinix — The data middle authentic estate investment trust climbed more than 11%. Equinix posted altered earnings right before fascination, taxes, depreciation and amortization of $992 million for the 1st quarter. Analysts polled by FactSet named for $981.3 million.
AppLovin — The cell tech corporation surged 10%. Initial-quarter earnings for AppLovin arrived in at 67 cents per share, although income was $1.06 billion. Analysts known as for earnings of 57 cents a share and revenue of $974 million.
SolarEdge — The solar electrical power company slid virtually 7%. SolarEdge posted a broader-than-expected reduction for the 1st quarter, coming in at $1.90 a share, even though analysts polled by LSEG predicted a loss of $1.57 per share. Second-quarter profits advice was also weak, ranging concerning $250 million and $280 million, vs . analysts’ estimates for $306 million.
