Check out the companies making headlines in after-hours trading: Apple – The iPhone maker advanced 7% as it announced a $110 billion stock buyback and posted a beat on earnings and revenue. Apple's fiscal second-quarter earnings were $1.53 per share, while revenue was $90.75 billion. That beat analyst estimates for earnings of $1.50 per share on revenue of $90.01 billion, per LSEG. Expedia — The online travel company fell nearly 8% in after-hours trading. Expedia lowered its full-year guidance to the mid-to-high single-digit range for revenue growth, citing the slowdown at Vrbo and the rate of acceleration in its business-to-consumer business to date. Expedia posted a beat on first-quarter revenue, which came in at $2.89 billion, beating analysts' estimates of $2.81 billion, per LSEG. Amgen – The biotechnology company rose 11%. Amgen reported adjusted earnings of $3.96 per share on revenue of $7.45 billion in the first quarter. Analysts surveyed by LSEG expected earnings of $3.87 per share and revenue of $7.44 billion. The company also said it would move its injectable obesity drug into a Phase 3 trial, but would no longer pursue an experimental weight-loss pill that was in development. Fortinet – Shares of the security company fell 8%. The midpoint of Fortinet's billing guidance for the second quarter and full year came in slightly lighter than analysts expected. Fortinet reported adjusted earnings of 43 cents per share and revenue of $1.35 billion in the first quarter, while analysts polled by LSEG called for 38 cents per share and revenue of $1.34 billion. Block – Payment services provider rose 6%. Block reported adjusted earnings of 85 cents per share on revenue of $5.96 billion in the first quarter. These results beat analysts' estimates of earnings of 72 cents per share and revenue of $5.82 billion, per LSEG. Cloudflare – Shares of the cloud provider fell 13% after the company issued weak full-year revenue guidance. However, first-quarter results beat Street estimates. Cloudflare reported adjusted earnings of 16 cents per share on revenue of $379 million, while consensus estimates called for earnings of 13 cents per share and revenue of $373 million, per LSEG. DaVita – Shares of the health care provider rose 3% in extended trading after DaVita reported first-quarter adjusted earnings of $2.38 per share, while analysts polled by FactSet called for $1.95 per share. Revenues of $3.07 billion also exceeded expectations of $3.03 billion. — CNBC's Christina Scheider-Burke contributed reporting.
Trending
- How to Position Yourself for a Global Tech Slowdown, According to Morgan Stanley
- Two big tests are coming that will determine whether last week's stock market excitement was justified.
- How a 'seriously outstanding tax debt' can lead to your passport being revoked
- Hezbollah fires rockets at Israel in revenge for its supreme leader
- Boeing Starliner Returns Empty, NASA Enlists SpaceX to Transport Astronauts
- Dividend Stocks Are a Hot Pick in the Fall Due to the Fed and Interest Rates
- Biden speaks with Zelensky, announces new military aid to Ukraine
- Meta says WhatsApp accounts linked to Iranian hackers targeted Biden, Trump
Stocks making the biggest moves after hours: AAPL, NET, EXPE, SQ
