Shares that make the biggest movements after hours: ABNB, TWLO, RIVN, OXY
The Airbnb logo is seen on a small mini-pyramid under the glass pyramid of the Louvre museum in Paris, France, March 1[ads1]2, 2019.
Charles Plate | Reuters
Check out the companies making headlines by the hour:
Airbnb — Airbnb shares plunged nearly 11% despite a hit to the top and bottom lines. The company shared a softer-than-expected outlook for the second quarter and warned of lower year-over-year comparisons.
Twilio – Twilio stock fell 12.5% after giving a lighter-than-expected forecast for the current quarter. The company had a small turnover.
Rivian — The electric car stock gained more than 5% in extended trading. Rivian reported a smaller-than-expected loss and revenue beat Wall Street expectations. The company also confirmed its production target for electric cars.
Occidental Petroleum — The oil giant lost 1.3% after hours on earnings that came in slightly below Wall Street expectations, according to FactSet. Earnings also fell from a year ago when oil prices fell.
Akamai Technologies — Shares rose 4.7% in extended trading on strong first-quarter earnings. The cloud company also lifted full-year guidance and shared strong cybersecurity earnings.
Wynn Resorts — Shares of the hotel and casino operator were last trading flat after hours following the company’s quarterly results. Wynn posted earnings and revenue that beat consensus expectations, according to Refinitiv. CEO Craig Billings highlighted the “meaningful return of visitation and demand” in Macau.
Toast — The cloud-based restaurant software provider rose 7.4% in extended trade. Toast posted a bigger-than-expected loss for the first quarter, according to FactSet, but topped Wall Street’s revenue estimates. Expectations for the second quarter and full year were also better than expected.
Confirm — Buy-now-pay-later shares fell more than 7% despite sharing a smaller-than-expected loss and an earnings beat. Losses for the quarter, however, tripled compared to last year. Affirm shared better-than-expected guidance for the fourth quarter.
Electronic Arts — The game software maker saw shares rise in extended trading after reporting better-than-expected fourth-quarter revenue, according to Refinitiv, as part of a mixed update on financial results. EA also posted a loss of 4 cents per share, though that number didn’t compare to analyst estimates.
Upstart — Upstart shares surged 50% after the AI lending company reported a smaller-than-expected loss for its latest quarter. The company reported an adjusted loss of 47 cents per share. Analysts polled by Refinitiv expected a loss of 81 cents per share.
— CNBC’s Tanaya Macheel contributed reporting
