A switch appears in front of a computer screen displaying the Airbnb logo in Ankara, Türkiye, on November 22, 2023.
Dilara Erem Sancar | Anatolia | Getty Images
Check out the companies making headlines in extended trading:
Airbnb The hotel company issued disappointing forward guidance, sending shares down 8%. Airbnb said second-quarter revenue would range between $2.68 billion and $2.74 billion, but analysts are calling for $2.74 billion, per LSEG. The company beat on the top and bottom lines for the first quarter.
Robin Hood – The retail investment firm jumped about 6% after the company's first-quarter report beat Wall Street estimates. Robinhood reported earnings of 18 cents per share on revenue of $618 million, while analysts polled by LSEG expected 6 cents in earnings per share and $549 million in revenue.
Clavio – Shares rose 7% after the marketing automation company issued promising revenue guidance for the second quarter. Klaviyo expects revenue in the current quarter to range from $211 million to $213 million, while analysts surveyed by LSEG expected revenue of $210 million.
Holding arm – Shares fell 6%. The chip company posted full-year revenue guidance of $3.8 billion to $4.1 billion, while Wall Street called for revenue of $3.99 billion, according to LSEG.
Equinix – Data Center REIT rose more than 11%. Equinix reported adjusted EBITDA of $992 million for the first quarter. Analysts surveyed by FactSet called for $981.3 million.
AppLovin – Shares of the mobile technology company rose 10%. AppLovin's first-quarter earnings were 67 cents per share, while revenue was $1.06 billion. Analysts called for earnings of 57 cents per share and revenue of $974 million.
Solarridge The solar energy company fell by about 7%. SolarEdge posted a larger-than-expected loss in the first quarter, at $1.90 per share, while analysts polled by LSEG expected a loss of $1.57 per share. Second-quarter revenue guidance was also weak, at between $250 million and $280 million, versus analyst estimates of $306 million.
