An intriguing sight in Germantown, New York, on July 17, 2023, as elf complexion sponges are organized.
Photograph by Gabby Jones for Bloomberg/Getty Images
Discover the notable companies in the spotlight after hours.
SolarEdge Technologies — The solar stock experienced an 11% drop in extended trading. SolarEdge missed revenue expectations in the second quarter, recording $991 million compared to the anticipated $992 million projected by Refinitiv analysts. However, the company surpassed earnings estimates by reporting an adjusted $2.62 per share, surpassing the estimated $2.52 per share.
Advanced Micro Devices — The chip stock surged by nearly 4% after Advanced Micro Devices reported better-than-expected quarterly results. In the second quarter, AMD announced adjusted earnings of 58 cents per share on a revenue of $5.36 billion. This outperformed the estimated per-share earnings of 57 cents on revenue of $5.31 billion according to Refinitiv analysts.
Freshworks — Freshworks advanced nearly 14% after reporting second-quarter earnings that surpassed expectations both in terms of revenue and profitability. The software company recorded adjusted earnings of 7 cents per share on a revenue of $145 million. This exceeded Refinitiv analysts’ per-share earnings estimate of 2 cents on revenue of $141 million.
Starbucks — Starbucks witnessed a 1% decline after recording lower-than-expected revenue. The coffee chain reported fiscal third-quarter revenue of $9.17 billion, falling short of the $9.29 billion estimate by Refinitiv analysts. However, Starbucks did post adjusted per-share earnings of $1.00, surpassing the estimated 95 cents.
Virgin Galactic — Virgin Galactic shares declined by 3% after the space tourism company fell short of revenue expectations in the second quarter. It reported revenue of $1.9 million, lower than the consensus estimate of $2.7 million from Refinitiv. However, it exceeded earnings expectations, posting a loss per share of 46 cents, better than the estimated loss of 51 cents per share.
Pinterest — Despite reporting strong financial performance in both revenue and profitability, Pinterest’s stock slipped by 0.5% after the bell. The image-sharing platform reported adjusted earnings of 21 cents per share on a revenue of $708 million, as per Refinitiv data.
e.l.f. Beauty — The beauty stock experienced a 15% surge after e.l.f. Beauty outperformed analysts’ expectations in its most recent quarter. e.l.f. Beauty reported first-quarter adjusted earnings of $1.10 per share on a revenue of $216 million. This exceeded Refinitiv analysts’ per-share earnings estimate of 56 cents on revenue of $184 million.
Match Group — Shares of Match Group surged by 11% after exceeding analysts’ expectations in the second quarter. The dating app company reported earnings of 48 cents per share on a revenue of $830 million. This surpassed the estimated per-share earnings of 45 cents on revenue of $811 million from Refinitiv analysts.
Devon Energy — The stock declined by approximately 2% after Devon Energy missed revenue expectations in the second quarter. Devon Energy reported revenues of $3.45 billion, lower than the estimated $3.74 billion from Refinitiv analysts. However, earnings came in line with estimates, with Devon Energy reporting adjusted earnings of $1.18 per share.
Frontier Group Holdings
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