Stocks with the biggest moves after hours: ABNB, HOOD, ARM, EQIX
Keys are seen in front of a computer screen displaying the Airbnb logo on November 22, 2023 in Ankara, Turkey.
Dilara Irem Sankar | Anatolia | getty images
See which companies are making headlines in expansion deals.
Airbnb — The hotel company issued disappointing forward guidance, sending its shares down 8%. Airbnb said second-quarter revenue would range from $2.68 billion to $2.74 billion, but analysts had called for $2.74 billion per LSEG. The company achieved both top and bottom line profits in the first quarter.
robin hood — The retail investment firm rose about 6% after the company’s first-quarter report topped Wall Street estimates. Robinhood reported earnings of 18 cents per share on revenue of $618 million, while analysts polled by LSEG had expected earnings of 6 cents per share and revenue of $549 million.
Klaviyo — Shares rose 7% after the marketing automation company issued promising revenue guidance for the second quarter. Klaviyo expects revenue for this quarter to range from $211 million to $213 million, compared with $210 million from analysts surveyed by LSEG.
Arm Holdings — The stock fell 6%. The chip company announced a full-year revenue target of $3.8 billion to $4.1 billion, while Wall Street had called for revenue of $3.99 billion per LSEG.
Equinix — Data center real estate investment trusts rose more than 11%. Equinix reported adjusted earnings before interest, taxes, depreciation and amortization of $992 million in the first quarter. Analysts surveyed by FactSet had called for $981.3 million.
AppLovin — The mobile technology company surged 10%. AppLovin reported first-quarter earnings of 67 cents per share on revenue of $1.06 billion. Analysts expected earnings of 57 cents per share and revenue of $974 million.
Solar Edge — The solar energy company fell nearly 7%. SolarEdge posted a larger-than-expected loss of $1.90 per share in the first quarter, while analysts surveyed by LSEG had expected a loss of $1.57 per share. Second-quarter revenue guidance was also weak, ranging between $250 million and $280 million, compared to analysts’ estimates of $306 million.