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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.

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