Stocks making the biggest moves after hours: Airbnb, DoorDash, Lyft, E.l.f. Beauty and more
Check out the companies making headlines in after-hours trading: Duolingo — The maker of the language learning app surged about 14%. Duolingo said it sees third-quarter revenues in the range of $257 million to $261 million, while the LSEG consensus called for $253 million. The company also beat estimates on the top and bottom lines in the second quarter. E.l.f. Beauty — Shares of the cosmetics company lost more than 13% after E.l.f. said new tariffs on China imports are negatively affecting its profits , which were down 30% from the year-ago period. E.l.f. declined to provide a full-year revenue guide, citing the “wide range of potential outcomes” related to the new tariffs, and instead issued guidance for the first half of the fiscal year. IonQ — Shares of the quantum computing play slipped 5% after IonQ reported a wider-than-expected loss. IonQ posted a loss of 70 cents per share for the second quarter, while analysts polled by FactSet anticipated a loss of 29 cents per share. IonQ’s revenue of $20.7 million for the quarterly period beat the $17.2 million expected, however. DraftKings — The sports betting company added about 2%. DraftKings posted second-quarter earnings of 30 cents per share on revenue of $1.51 billion. LSEG consensus estimates sought 15 cents per share in earnings and revenue of $1.41 billion. The company also stuck with its 2025 revenue outlook range of $6.2 billion to $6.4 billion, but said to expect the number to land at the higher end. Airbnb — The vacation rental company slid about 7%. Airbnb said it expects to report revenue ranging from $4.02 billion to $4.10 billion in the third quarter. Analysts polled by FactSet sought $4.05 billion. The forecast overshadowed beats on earnings and revenue in the second quarter. Fortinet — The cybersecurity stock shed 17% after Fortinet reported second-quarter revenue of $1.63 billion that matched estimates from analysts polled by FactSet and issued lackluster third-quarter revenue guidance. DoorDash — The food delivery company popped 6% after posting second-quarter earnings of 65 cents per share, while analysts polled by LSEG had penciled in 44 cents. The company’s $3.28 billion in revenue also came in above the expected $3.16 billion. HubSpot — Shares jumped more than 5% after the software company posted better-than-expected second-quarter results. HubSpot’s adjusted earnings of $2.19 per share and revenue of $760.9 million came in ahead of the $2.12 per share and $739.4 million that analysts polled by FactSet were expecting. The company’s third-quarter and full-year guidance also surpassed expectations. Dutch Bros — The drive-thru coffee shop chain saw shares jump nearly 15% after posting second-quarter beats on the top and bottom lines. Dutch Bros said same-store sales increased 6.1% from the year-ago period. The company also lifted its guidance for full-year same-store sales and adjusted earnings before interest, taxes, depreciation and amortization. MetLife — Shares of the insurance provider lost 5% in extended trading on weak results. For the second quarter, MetLife posted adjusted earnings of $2.02 per share, while analysts polled by LSEG expected earnings of $2.15 per share. The company’s adjusted revenue of $17.92 billion also disappointed analysts, who expected $18.54 billion in revenue for the period. Aris Water Solutions — Shares of the water infrastructure company soared 22%. Pipeline company Western Midstream Partners will be acquiring Aris in an equity-and-cash transaction worth about $1.5 billion. The deal is expected to close in the fourth quarter. Topgolf Callaway Brands — The golf and active lifestyle company rose nearly 9%. Topgolf Callaway posted second-quarter adjusted earnings of 24 cents per share, while analysts polled by FactSet were looking for 2 cents per share. Revenue also surpassed expectations, coming in at $1.11 billion, versus the $1.09 billion anticipated. — CNBC’s Darla Mercado, Alex Harring, Lisa Han and Sean Conlon contributed reporting.
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