Finance
Top stock movers after hours: Yelp, Sweetgreen, Akamai Technologies and others
Several companies made headlines in extended trading recently. Yelp saw its shares drop by 6% after posting light second-quarter revenue guidance. Despite this, the company reported first-quarter earnings that surpassed analysts’ estimates, coming in at 20 cents a share with revenue hitting $333 million as expected. Sweetgreen, the salad chain, saw its shares rise by 5% after reporting first-quarter revenue of $158 million, which exceeded the LSEG consensus estimate of $152 million.
On the other hand, Akamai Technologies experienced a nearly 9% slide as a result of weak guidance for the second quarter. The cloud company expects adjusted earnings to range from $1.51 to $1.56 per share on revenue between $967 million and $986 million, falling short of analysts’ expectations of $1.63 per share in earnings and $1 billion in revenue. Meanwhile, Array Technologies, a solar tracker tech provider, saw its shares rise by 8% after reporting first-quarter adjusted earnings of 6 cents per share on revenue of $153.4 million, beating analysts’ expectations of a loss of 4 cents per share and revenue of $141.2 million.
Dropbox also reported better-than-expected first-quarter results, with its shares rising by 2.5% after posting adjusted earnings of 58 cents per share on revenue of $631 million, exceeding analysts’ expectations of 50 cents per share in earnings and $629 million in revenue. Insulet, a medical device company, fell by 5% despite beating expectations with first-quarter earnings of 73 cents per share and revenue of $441.7 million, surpassing the expected $424.1 million in revenue. Unity Software, a video game software developer, saw a 2% drop after posting a first-quarter loss of 75 cents per share, wider than analysts’ anticipated loss of 63 cents per share, although revenue of $460 million exceeded the $432 million consensus estimate.
In other news, Gen Digital, a cybersecurity software company that owns LifeLock and Norton, saw its shares jump by about 5% after reporting fiscal fourth-quarter adjusted earnings of 53 cents, a 15% increase from the previous year, and revenue of $967 million, a 2% jump. With various companies making waves in extended trading, investors are keeping a close eye on the market as they assess the impact of these developments on stock prices and overall market performance.
-
Politics3 days ago
Latest news on the 2024 election: Biden fundraising in San Francisco and Seattle regions
-
Politics3 days ago
The Biden Administration’s decision to publicly confront Israel over Rafah
-
News3 days ago
£132,000 farmhouse on the brink of 150ft cliff starts demolition as owner evacuated – neighbor vows to stay until his death.
-
Uncategorized3 days ago
The Washington Post – Breaking news and latest headlines, U.S. news, world news, and video
-
Lifestyle3 days ago
Selena Gomez shares adorable photo with Benny Blanco amidst Justin Bieber baby news
-
News3 days ago
16-year-old accused of defacing World War I statue in New York City
-
Tech3 days ago
Here's an In-Depth Look at How Cadillac Made it to Le Mans In 2023
-
News3 days ago
British family left ‘terrified’ after being surrounded by a shark at a Spanish beach – as 27-year-old mother recounts how the predator ‘zig-zagged’ in the water and pursued her father