Stocks making the biggest moves after hours: Airbnb, Lyft, Starbucks and more

Stocks making the biggest moves after hours: Airbnb, Lyft, Starbucks and more


Check out the companies making headlines after the bell

Lyft — The ridesharing stock plummeted 23% in extended trading despite reporting a beat on revenue and an unexpected profit in the recent quarter. Lyft shared guidance for the second quarter that fell below analysts’ estimates as it said it will need to continue to invest in driver supply.

Airbnb — Shares of Airbnb jumped more than 3% in extended trading after the company reported a beat on the top-and-bottom-lines in the recent quarter. The company also shared upbeat guidance for the current period as it eyes a travel rebound and said it saw nights and experiences booked surpass prepandemic levels.

Advanced Micro Devices — The semiconductor stock gained about 6% after hours following a beat on the top-and-bottom lines in the recent quarter. AMD saw 71% sales growth in the quarter and shared strong revenue guidance for the current quarter and the year.

Starbucks — Shares of Starbucks added more than 2% in extended trading after the company reported earnings per share of 59 cents on revenues of $7.64 billion in the previous quarter. Analysts expected earnings of 59 cents on $7.60 billion in revenue.

Match Group — Match Group shares dipped about 6% despite reporting a beat on the top and bottom lines. The company also said CEO Shar Dubey would step down on May 31 and Bernard Kim, president of Zynga, will take over.

Akamai — Shares of the cybersecurity and cloud firm fell 11% after hours on the back of an earnings miss. Revenue for the quarter fell in line with estimates.

Super Micro Computer — Shares of Super Micro Computer surged about 9% in extended trading after the company raised its full-year guidance for earnings per share and sales.



Source

U.S.-China talks ‘a bit stalled’ and need Trump and Xi to weigh in, Treasury Secretary Bessent says
Finance

U.S.-China talks ‘a bit stalled’ and need Trump and Xi to weigh in, Treasury Secretary Bessent says

Key Points U.S.-China trade talks “are a bit stalled,” requiring the two countries’ leaders to speak directly, Treasury Secretary Scott Bessent told Fox News. After a rapid escalation in trade tensions last month, Bessent helped the world’s two largest economies reach a breakthrough agreement in Switzerland on May 12. The U.S. has pushed ahead with […]

Read More
Stocks making the biggest moves after hours: Gap, American Eagle Outfitters, UiPath, Dell Technologies & more
Finance

Stocks making the biggest moves after hours: Gap, American Eagle Outfitters, UiPath, Dell Technologies & more

Check out the companies making headlines in extended trading. Gap — The apparel stock plummeted more than 16% as lackluster second-quarter revenue guidance overshadowed an earnings beat for Q1. Gap expects Q2 revenue to remain about flat year over year. Analysts expected a forecast calling for a slight gain. Costco — The wholesale retailer reported […]

Read More
Stocks making the biggest moves Thursday: Boeing, Nvidia, Salesforce, E.l.f. Beauty and more
Finance

Stocks making the biggest moves Thursday: Boeing, Nvidia, Salesforce, E.l.f. Beauty and more

Check out the companies making headlines in Thursday trading. Salesforce — The customer relations management software maker’s shares traded 5% lower on Thursday after the company posted its latest quarterly results. RBC Capital Markets downgraded the stock, citing execution risks if the company continues acquiring. Salesforce did beat fiscal first-quarter estimates and raised its full-year outlook, […]

Read More