Stocks with the biggest changes after business hours: SQ, CVNA, etc.
In this photo illustration, the logo of the American technology company ‘Block’ is displayed and reflected on multiple digital screens in London, England, on March 3, 2023.
Leon Neal | getty images
See which companies are making headlines in expansion deals.
intuit — Shares fell about 1% after the financial software company reported revenue of $3.39 billion for its fiscal second quarter. The results were in line with the expectations of analysts surveyed by LSEG. Adjusted earnings beat Wall Street estimates of $2.63 per share, compared with the $2.30 per share expected by analysts.
live nation entertainment — Shares added about 1% in extended trading. Live Nation’s revenue of $5.84 billion per LSEG beat analysts’ estimates of $4.79 billion. Entertainment companies also announced fourth-quarter operating profit that was slightly below the consensus.
Reserved — The online travel agency’s fourth-quarter earnings and revenue fell more than 4% year-over-year, while booked nights increased 9%. Booking Holdings also announced that it will begin paying a quarterly cash dividend of $8.75 per share.
insulate — The medical device company fell more than 5% after reporting weaker-than-expected sales growth forecasts. Insulet expects first-quarter sales to rise 17% to 20% year-over-year, compared with analysts polled by FactSet who had expected 24.3%.
block it — Shares of the payments company surged about 11% on the back of higher fourth-quarter revenue. Block reported revenue of $5.77 billion, while analysts polled by LSEG had expected $5.7 billion. The company is calling for gross profits of at least $8.65 billion in 2024, an increase of at least 15% from the previous year.
caravana — Shares rose more than 20% after the car resale company said it expected retail unit sales to rise 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 reporting earnings of $3.25 per share in the fourth quarter, flat from a year earlier. Operating profit before items was $572 million, while analysts polled by FactSet had expected $668.5 million.
