Robinhood CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company’s initial public offering in New York City, July 29, 2021.
Andrew Kelly | Reuters
Discover the companies making headlines in after-hours trading.
Robinhood – The trading platform’s shares declined by 4.7% following the release of its quarterly results. Robinhood reported adjusted earnings of 3 cents per share in the second quarter, surpassing Refinitiv analysts’ forecast of a 1 cent loss. Meanwhile, the company’s monthly active users were 10.8 million, slightly lower than the anticipated 11.2 million according to StreetAccount.
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Etsy – The e-commerce company experienced a nearly 6% drop in after-hours trading as its third-quarter revenue guidance fell below analysts’ expectations. Etsy expects revenue in the range of $610 million to $645 million, while Refinitiv analysts predicted $632 million.
DoorDash – The food delivery giant saw a 4.6% increase in its stock price after reporting its quarterly results. DoorDash’s second-quarter revenue reached $2.13 billion, surpassing Refinitiv analysts’ estimate of $2.06 billion. However, the company incurred a loss of 44 cents per share, wider than analysts’ expected loss of 41 cents per share.
Qualcomm – The company’s shares fell by 7% after reporting lower-than-expected revenue for the third fiscal quarter. Qualcomm reported adjusted revenue of $8.44 billion, slightly missing Refinitiv analysts’ forecast of $8.5 billion. The company also provided weak guidance for the fourth quarter.
Zillow – Stock in the online real estate company declined by 2% as it issued disappointing guidance for the third quarter. Zillow anticipates revenue between $458 million and $486 million, slightly below the FactSet analysts’ consensus of $488.1 million.
Qorvo – The company’s shares climbed by 3.7% after beating earnings expectations. Qorvo reported fiscal first-quarter earnings of 34 cents per share (excluding items) on revenue of $651 million. In contrast, analysts polled by FactSet projected earnings of 15 cents per share and revenue of $640.3 million.
Clorox – Clorox’s stock rose by 7% after exceeding earnings expectations. The company reported adjusted earnings of $1.67 per share on $2.02 billion in revenue, surpassing analysts’ estimated earnings of $1.18 per share and revenue of $1.88 billion.
Tripadvisor – Tripadvisor’s shares rose by 4%. The company reported second-quarter revenue of $494 million, surpassing analysts’ expectations of $473 million according to Refinitiv.
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