Stocks making the biggest moves after hours: Sweetgreen, Block, Expedia, Pinterest and more
Check out the companies making headlines after the bell : Expedia Group — The travel booking website’s shares skyrocketed more than 15% in extended trading after the company’s second-quarter earnings and revenue beat expectations. Expedia also raised guidance for bookings and revenue for the full year. Block — Shares of the Cash App parent gained nearly 7%. Block stepped up its guidance for full-year gross profit to $10.17 billion. That’s up from its earlier call for $9.96 billion. Akamai Technologies — The cloud computing company rose 3%. Akamai raised its full-year guidance, calling for adjusted earnings to range from $6.60 to $6.80 per share. That’s up from its earlier outlook for $6.10 to $6.40 per share, and is ahead of the FactSet consensus call for $6.30 per share. Texas Roadhouse — Shares of the chain restaurant stock fell more than 2%. Texas Roadhouse posted $1.86 in earnings per share for the second quarter, while analysts polled by FactSet anticipated $1.90 per share. On the other hand, revenue came in at $1.51 billion, topping the consensus forecast of $1.50 billion. Maplebear — Shares of the grocery delivery company, which does business as Instacart, climbed more than 10% in extended trading after reporting second-quarter results that outpaced analysts’ estimates. Instacart earned 41 cents per share on revenue of $914 million. Analysts surveyed by LSEG predicted it would earn 38 cents per share on $896 million in revenue. The company expects the gross value of transactions in the current quarter to be higher than analysts are predicting. Solventum — The health-care stock popped 4% after posting a second-quarter adjusted earnings and revenue beat. Solventum also lifted its full-year adjusted earnings per share guidance. Synaptics — The developer of semiconductor products jumped more than 2% on the heels of its better-than-expected results for its fiscal fourth quarter. The company posted adjusted earnings of $1.01 per share on $282.8 million in revenue, while analysts surveyed by LSEG were looking for $1.00 per share on $280.2 million in revenue. Tripadvisor — Shares rose more than 5% after the online travel company reported mixed second-quarter results. While earnings of 46 cents per share, after adjustments, topped estimates, revenue of $529 million fell short. Viavi Solutions — The network test and equipment manufacturer surged 11% after reporting fiscal fourth-quarter earnings and revenue results that topped analysts’ expectations, per FactSet. The company also guided for current-quarter earnings and revenue above forecasts. Wynn Resorts — The casino operator slipped 1% after posting second-quarter earnings of $1.09 per share on $1.74 billion in revenue. Analysts polled by LSEG had expected earnings of $1.21 per share and revenue of $1.75 billion. Take-Two Interactive Software — The video game producer added almost 4% after posting fiscal first-quarter revenue of $1.42 billion, exceeding the $1.31 billion analysts had expected, per LSEG. The company also raised its annual bookings forecast. Figs — Shares climbed 7% after the scrubs maker posted second-quarter earnings of 4 cents per share on revenue of $152.6 million. Analysts surveyed by FactSet had expected 2 cents in earnings per share and $144.2 million in revenue. Pinterest — The social media stock slumped 10%. Adjusted earnings for the second quarter came in at 33 cents per share, falling short of analysts’ call for 35 cents per share, per LSEG. Sweetgreen — Shares tumbled 23% after the salad chain posted second-quarter results that fell short of the Street’s expectations. Sweetgreen also cut its full-year revenue guidance, calling for a range between $700 million and $715 million. That’s down from the prior forecast of $740 million to $760 million. Yelp — Shares of the restaurant review service slid 3%. Yelp narrowed its full-year guidance, saying it now sees revenue ranging from $1.465 billion to $1.475 billion. The company last called for revenue to land between $1.465 billion and $1.485 billion. The new range is below the FactSet consensus estimate of $1.48 billion. Microchip Technology — The manufacturer of semiconductors saw shares tumble 6% after it delivered guidance that failed to impress Wall Street. Microchip is calling for fiscal second-quarter adjusted earnings to land between 30 cents and 36 cents per share, while FactSet consensus estimates sought 31 cents per share. Revenue is expected to range between $1.11 billion and $1.15 billion, versus analysts’ prediction of $1.13 billion. — CNBC’s Christina Cheddar-Berk, Sean Conlon, Alex Harring, Yun Li and Darla Mercado contributed reporting.
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