Witness the grand opening of Rivian’s exquisite storefront in the vibrant Meatpacking District of Manhattan, New York City on June 23, 2023.
Photo credit: Spencer Platt | Getty Images
Discover the latest buzz-worthy companies making headlines after hours.
Rivian Automotive — Rivian Automotive experienced a slight dip of approximately 2.5% during extended trading. This decline occurred despite the electric automaker surpassing second-quarter expectations in terms of both revenue and profit. Rivian reported an impressive adjusted loss of $1.08 per share on revenue reaching $1.12 billion. According to analysts polled by Refinitiv, the industry had projected a loss per share of $1.41 on revenue of $1.0 billion.
Super Micro Computer — Despite reporting an impressive earnings beat, Super Micro Computer witnessed a significant drop of 12% during extended trading. The information technology company announced its fiscal fourth-quarter adjusted earnings of $3.51 per share, generating $2.18 billion in revenue. This surpassed Refinitiv’s forecast of per share earnings amounting to $2.96 on revenue totaling $2.08 billion. Super Micro Computer also issued its first-quarter guidance, with the midpoint of estimates slightly exceeding expectations.
Axon Enterprise — Axon Enterprise proudly surged by 10% after the renowned weapons manufacturer, known for its creation of the Taser and other innovative products, announced remarkable top and bottom line results in its latest earnings report. Axon reported second-quarter adjusted earnings of $1.11 per share, impressively surpassing the consensus estimate of 62 cents per share from FactSet. Additionally, it recorded revenue amounting to $374.6 million, exceeding the $350.5 million forecast projected by analysts.
Penn Entertainment — Penn Entertainment experienced a phenomenal surge of 22% after the entertainment and casino company announced its collaboration with ESPN to launch “ESPN Bet,” an online sportsbook set to debut this fall.
Take-Two Interactive Software — Take-Two Interactive Software pleasantly rose by 3.4% during extended trading after affirming its full-year bookings guidance. However, the video game company reported revenue totaling $1.20 billion, slightly lower than Refinitiv’s consensus estimate of $1.21 billion. Take-Two also issued second-quarter bookings guidance, projecting a range between 1.40 billion and 1.45 billion, slightly below estimates for 1.45 billion.
Twilio — Twilio saw a remarkable 10% increase in shares after reporting outstanding top and bottom line results in its latest earnings report. Twilio’s second-quarter adjusted earnings reached 54 cents per share, generating $1.04 billion in revenue. This exceeded analysts’ expectations of per share earnings amounting to 30 cents on revenue totaling $986 million.
Bumble — Bumble experienced a slight dip of 3.5% during extended trading. The online dating company reported second-quarter earnings of 5 cents per share, accumulating $260 million in revenue. According to Refinitiv, analysts had forecasted per share earnings of 3 cents on revenue totaling $257 million.
Lyft — Lyft initially experienced a surge of more than 12% following the release of its second-quarter results in extended trading. However, the ride-hailing company’s shares later fell by 6%. Lyft announced revenue amounting to $1.02 billion, matching Refinitiv’s estimate. Additionally, Lyft’s adjusted per share earnings amounted to 16 cents, surpassing the expected loss of 1 cent per share.
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