Noteworthy Stock Movements in After-Hours Trading: Apple, Amazon, Airbnb, Coinbase

Discover the noteworthy companies generating buzz in after-hours trading.

Amazon





— The e-commerce giant saw a surge of over 7% in extended trading after delivering robust second-quarter results and providing optimistic revenue guidance for the current period. Amazon exceeded analysts’ expectations, reporting earnings of 65 cents per share, surpassing the anticipated 35 cents per share. Additionally, the company’s revenue rose by 11% to $134.4 billion, surpassing the expected $131.5 billion.

Apple





— The prominent technology company experienced a 1% decline in its stock as traders analyzed the latest financial report. Apple’s earnings per share for the fiscal third quarter reached $1.26, exceeding the estimated $1.19 by analysts. However, revenue slightly decreased by about 1% compared to the previous year.

Booking Holdings





— Shares of the online travel company surged 9% in after-hours trading. Booking Holdings reported adjusted earnings of $37.62 per share, surpassing the estimated $28.90 per share, along with revenue of $5.46 billion, exceeding the expected $5.17 billion.

Fortinet





— Shares of the cybersecurity stock plummeted 17% following a mixed second-quarter report and outlook. Fortinet reported 38 cents in adjusted earnings per share on $1.29 billion in revenue, slightly missing the expected 34 cents per share on $1.3 billion. The guidance for the current quarter also had mixed results, with earnings in line with expectations but with softer revenue than anticipated by Wall Street.

DraftKings





— Shares of the digital gambling company soared 10% after surpassing analysts’ estimates in the second quarter. DraftKings reported a loss of 17 cents per share on revenue of $875 million, outperforming the expected loss of 25 cents per share and $764 million in revenue, according to Refinitiv.

Airbnb





— Shares dipped by 1% after Airbnb released its second-quarter earnings report. The company posted 98 cents in earnings per share on revenue of $2.48 billion, exceeding analysts’ expectations of 78 cents per share and $2.42 billion in revenue. However, Airbnb fell short of expectations in nights and experiences bookings.

Coinbase





— The crypto trading platform witnessed a 1% jump in its stock price following the release of its second-quarter results. Coinbase reported a narrower-than-expected loss of 42 cents per share, surpassing analysts’ forecast of a 77 cents per share loss. Additionally, the company exceeded revenue expectations, reporting $708 million compared to the estimated $633 million.

Dropbox





— The online collaboration platform experienced a 3% increase in its stock value following strong second-quarter earnings. Dropbox reported 51 cents in adjusted earnings per share, exceeding analysts’ expectations of 46 cents per share. Furthermore, the company’s revenue reached $623 million, surpassing the forecasted $614 million.

Redfin

Reference

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