Stocks making the biggest moves after hours: Lyft, Expedia, Yelp, PayPal and more

Stocks making the biggest moves after hours: Lyft, Expedia, Yelp, PayPal and more


A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020.

Mike Blake | Reuters

Check out the companies making headlines in extended trading.

Expedia — The travel company’s shares fell 1.8% after the company missed analysts’ expectations on earnings and revenue in the latest quarter. The company reported adjusted per-share earnings of $1.26 on revenue of $2.62 billion. Analysts called for earnings of $1.67 per share on revenue of $2.70 billion, according to Refinitiv.

related investing news

Pro Picks: Watch all of Wednesday's big stock calls on CNBC

CNBC Pro

Lyft — Lyft shares cratered 29% in extended trading after a disappointing fiscal fourth-quarter report. The ride-hailing company reported losses of 74 cents per share. Lyft also anticipates making roughly $975 million in revenue in the fiscal first quarter of 2023, lower than the $1.09 billion analysts anticipated, according to StreetAccount.

PayPal — Shares of PayPal fell 3% during after hours following the company’s quarterly report. Revenue came in at $7.38 billion, compared to analysts’ estimate of $7.39 billion, according to Refinitiv. PayPal CEO Dan Shulman also announced that he would aim to step down at the end of 2023.

Yelp – Shares of the restaurant reviewing website gained 10% after Yelp posted fourth-quarter revenue that beat analysts’ expectations. The company had revenue of $309 million, compared to analysts’ forecasts of $307 million, according to Refinitiv. Per-share earnings were 28 cents, arriving in line with estimates.

Motorola — Shares of the communications company added 1.8% after Motorola beat analysts’ expectations on the top and bottom lines, according to FactSet.

Topgolf Callaway Brands — The golf company’s shares rose 4% after the company reported fourth-quarter revenue of $851.3 million. Analysts called for revenue of $840.4 million, according to FactSet.

Cloudflare – The cloud services provider’s shares added 11% in after-hours trading. Cloudflare posted quarterly earnings of six cents per share, excluding items, on revenue of $275 million. Analysts were calling for per-share earnings of five cents on revenue of $274 million.

CNBC’s Darla Mercado also contributed to the report.



Source

‘Superman’ snares .5 million in Thursday previews on way to 0 million opening
Business

‘Superman’ snares $22.5 million in Thursday previews on way to $140 million opening

David Corenswet stars are Superman in Warner Bros.’ “Superman.” Warner Bros. Discovery It’s not a bird or a plane that soared into cinemas Thursday night — it was Warner Bros.’ “Superman.” The first film in the new era of DC films under James Gunn and Peter Safran snared $22.5 million from preview showings. It’s the […]

Read More
Levi Strauss raises sales guidance, says it will absorb some tariff costs for now
Business

Levi Strauss raises sales guidance, says it will absorb some tariff costs for now

Levi Strauss raised its full-year guidance Thursday and said it’s working to absorb some of the costs it’s facing from higher tariffs, but that could change as President Donald Trump’s trade policy evolves.  The denim maker doesn’t disclose its key manufacturing hubs, but much of its supply comes from Southeast Asia. Many countries in the […]

Read More
IMAX is headed for its best year on record as it capitalizes on Hollywood’s box office rebound
Business

IMAX is headed for its best year on record as it capitalizes on Hollywood’s box office rebound

General atmosphere during an IMAX private screening for the movie “First Man” at an AMC theater in New York City on Oct. 10, 2018. Lars Niki | Getty Images Entertainment | Getty Images More than a year before “F1: The Movie” would eventually hit theaters, Apple struck a deal with IMAX. The studio secured the […]

Read More