Check out the companies making headlines in extended trading: DoorDash – Shares of the food delivery company fell 13% after its first-quarter report revealed a larger-than-expected loss. DoorDash lost 6 cents per share on revenue of $2.51 billion. Analysts surveyed by LSEG were expecting a loss of 4 cents per share on revenue of $2.45 billion. Carvana – The auto market rose 30% after first-quarter revenue exceeded Street forecasts. Carvana reported revenue of $3.06 billion, well above the consensus estimate of $2.67 billion from analysts surveyed by LSEG. Freshworks – Software development company fell 19%. Despite beating expectations on both lines for the first quarter, the California-based company provided modest revenue guidance in the current quarter and full year. Freshworks expected $168 million to $170 million in the second quarter and a range of $695 million to $705 million for the full year, while analysts polled by FactSet expected $172.1 million in the three-month period and $708.3 million for the year. Etsy – The online marketplace is down about 13%. Etsy reported adjusted earnings of 48 cents per share in the first quarter, while analysts polled by LSEG called for 49 cents per share. Revenues of $646 million were in line with expectations. eBay – The online commerce platform fell 4% after current quarter revenue guidance beat expectations. The company asked investors to expect revenue between $2.49 billion and $2.54 billion, while analysts polled by LSEG expected revenue of $2.56 billion. This overshadowed the previous quarter's stronger than expected results. Qualcomm — Shares rose more than 4% hours after the chipmaker reported $2.44 per share in adjusted earnings for the latest quarter, beating analysts' estimates of $2.32 per share, according to LSEG. The upper end of Qualcomm's revenue forecast for the current quarter was higher than Street forecasts, with the company citing demand for smartphones that require the most advanced chips. Schrödinger – The computational platform fell by 8%. The company reported a loss of 76 cents per share, wider than the 74 cents per share loss that analysts surveyed by FactSet had expected. Revenue was $36.6 million, below the FactSet consensus of $42 million. Schrödinger also provided softer revenue guidance for the current quarter than analysts had expected. Corfu – Weak guidance for the fiscal first quarter sent shares of the semiconductor company down 11%. Qorvo is calling for earnings of 60 cents to 80 cents per share, while analysts polled by FactSet expected $1.27 per share. However, in the fourth fiscal quarter, the company beat the top and bottom results. Envista – The dental products maker sank 3.8% after adjusted first-quarter earnings of 26 cents per share beat analysts' consensus estimates of 32 cents, according to FactSet. Revenue of $623.6 million also lagged estimates of $634.9 million. Openlane – The auto wholesaler fell nearly 16% on adjusted first-quarter earnings of 19 cents per share, beating the Street consensus estimate of 21 cents per share, according to FactSet. Revenues of $416.3 million were below analysts' lowest estimates, and below the average forecast of $425.2 million. CH Robinson – The freight, logistics and trucking services provider rose 13% in reaction to adjusted first-quarter earnings of 86 cents per share versus analysts' consensus estimate of 63 cents, per FactSet. The result also exceeded the highest street estimates. Revenues beat analysts' average estimates. — CNBC's Jesse Pound, Tanaya Machel, Darla Mercado and Scott Schnepper contributed reporting.
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Stocks making the biggest moves after hours: EBAY, QCOM, DASH, CVNA
