Global Courant 2023-05-10 03:10:51
The Airbnb logo is seen on a small mini-pyramid under the glass pyramid of the Louvre Museum in Paris, France, March 12, 2019.
Karel Platiau | Reuters
Check out the companies making headlines after the bell:
Airbnb — Airbnb shares fell nearly 11% despite a top and bottom line beat. The company shared softer-than-expected guidance for the second quarter and warned of lower year-over-year comparisons.
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Twilio — Twilio shares fell 12.5% after a lighter-than-expected outlook for the current quarter. The company recorded a slight increase in turnover.
Rivian — The stock of electric vehicles gained more than 5% in extensive trading. Rivian reported one smaller than expected loss and sales exceeded Wall Street expectations. The company also reaffirmed its EV production target.
Western petroleum — The oil giant lost 1.3% after hours on earnings that FactSet said were slightly below Wall Street expectations. Earnings also fell from a year ago when oil prices fell.
Akamai Technologies — Equities added 4.7% to extended trading on strong Q1 results. The cloud company also raised its full-year expectations and shared strong cybersecurity earnings.
Wynn Resorts — Shares of the hotel and casino operator last traded flat hours after the company’s quarterly results. Wynn posted earnings and earnings that beat consensus expectations, according to Refinitiv. CEO Craig Billings highlighted the “meaningful return of visitation and demand” in Macau.
Toast — The cloud-based restaurant software provider scored 7.4% in expanded trading. Toast posted a larger-than-expected first-quarter loss, but beat Wall Street revenue estimates, according to FactSet. Expectations for the second quarter and full year were also better than expected.
To confirm —Shares of the buy now pay later fell more than 7% despite a smaller-than-expected loss and higher sales. However, losses for the quarter tripled from last year. Affirm shared better-than-expected guidance for its fiscal fourth quarter.
Electronic art – The gaming software maker saw shares rise in extended trading after reporting better-than-expected fourth-quarter earnings, according to Refinitiv, as part of a mixed financial results update. EA also posted a loss of 4 cents per share, though that figure doesn’t compare to analyst estimates.
Upstart – Upstart shares rose 50% after the AI-lending company reported a smaller than expected loss for the past quarter. The company reported an adjusted loss of 47 cents per share. Analysts polled by Refinitiv had expected a loss of 81 cents per share.
— CNBC’s Tanaya Macheel contributed reporting
