Stocks making the biggest moves after hours: Apple, Amazon, Airbnb, Coinbase and more

Apple

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Take a look at the businesses grabbing attention in trading outside of regular market hours.

Amazon, the online shopping powerhouse, experienced a significant surge of over 7% in after-hours trading following the release of its impressive second-quarter financial results. The company also shared positive revenue forecasts for the ongoing period. Surpassing analysts' estimates, Amazon reported earnings of 65 cents per share, exceeding the expected 35 cents. Furthermore, revenue witnessed an 11% increase, reaching $134.4 billion, surpassing the projected $131.5 billion.

The significant tech company Apple experienced a 1% decline in its stock value as investors analyzed the latest financial report. In the fiscal third quarter, the earnings per share reached $1.26, surpassing the anticipated $1.19 according to Refinitiv's surveyed analysts. Although the revenue exceeded expectations, it showed a decrease of approximately 1% compared to the previous year.

Booking Holdings - The online travel company's stocks saw a 9% increase during after-hours trading. In the second quarter, Booking Holdings announced an adjusted earnings figure of $37.62 per share, with revenue totaling $5.46 billion. Analysts surveyed by Refinitiv had predicted earnings of $28.90 per share along with revenue of $5.17 billion.

Fortinet, a company specializing in cybersecurity, experienced a significant decline of 17% in its stock price after releasing a second-quarter report and future projection that had both positive and negative elements. The company reported adjusted earnings per share of 38 cents, generating $1.29 billion in revenue. This slightly exceeded the predictions of analysts surveyed by Refinitiv, who had anticipated earnings of 34 cents per share and revenue of $1.3 billion. However, the outlook for the current quarter was less reassuring, as the projected earnings align with expectations, while the anticipated revenue falls below what Wall Street had hoped for.

DraftKings - The stocks of the online betting firm experienced a 10% surge following the company's impressive performance in the second quarter, surpassing the predictions made by analysts. Despite making a loss of 17 cents per share, DraftKings managed to generate revenue worth $875 million. This outcome exceeded the anticipated loss of 25 cents per share and revenue reaching $764 million, as predicted by Refinitiv.

Airbnb experienced a slight decline in its shares following the release of its second-quarter earnings. The company reported earnings per share of 98 cents, accumulating a total revenue of $2.48 billion. Analysts had predicted earnings per share of 78 cents and a revenue of $2.42 billion, according to Refinitiv. Unfortunately, the bookings for nights and experiences fell short of expectations.

Coinbase experienced a 1% surge in its crypto trading platform following the release of its second-quarter results. The company revealed a loss per share of 42 cents, which was less than the anticipated loss of 77 cents as suggested by Refinitiv's analysts. Additionally, Coinbase exceeded revenue predictions by earning $708 million, surpassing the projected $633 million.

Dropbox, the digital teamwork platform, experienced a 3% increase in value due to impressive second-quarter financial results. The company disclosed adjusted earnings per share of 51 cents, surpassing the estimated 46 cents predicted by Refinitiv analysts. Additionally, their revenue reached $623 million, surpassing the projected $614 million.

Redfin experienced a 10% decline in its stock value due to its third-quarter revenue projections not meeting expectations. Analysts polled by Refinitiv were anticipating revenue of $288 million, but Redfin's guidance estimated a lower range of $265 million to $279 million. In the second quarter, the company's revenue reached $276 million, meeting the projected amount. Redfin also managed to outperform expectations in terms of losses, reporting a narrower loss of 25 cents per share compared to the expected 32 cents per share.

Corsair Gaming experienced a slight decline of 1% in its stock, even though it reported impressive earnings and reaffirmed its outlook for the entire year. During the second quarter, the earnings per share matched the estimated average of 9 cents provided by FactSet. Additionally, the company's revenue exceeded expectations, reaching $325.4 million, surpassing the projected $322.8 million.

The digital media company Sprout Social experienced a decline of 11% in its stock value following its announcement of acquiring Tagger Media, a platform specializing in social intelligence and influencer marketing.

Square's stocks experienced a decline of over 4% in trading after the market closed, despite the company's second-quarter financial results surpassing predictions. The firm disclosed earnings of 39 cents per share, surpassing the estimated 36 cents as per Refinitiv analysts. Moreover, their revenue reached $5.53 billion, exceeding the expected $5.10 billion.

Reporting for this blog was provided by Darla Mercado, Hakyung Kim, Sarah Min, Samantha Subin, and Yun Li from CNBC.

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