DASH, ROKU, AMAT: Top After-Hours Stock Moves

Welcome to the latest updates on the companies that are making headlines in after-hours trading. Get ready to dive into the world of stocks and see how these companies are performing after the closing bell.

Let’s start with DoorDash. Although the food delivery company reported a mixed fourth-quarter, the total number of orders rose 23% to 574 million, surpassing expectations. However, the wider-than-expected loss per share caused shares to drop nearly 8%.

On the other hand, Coinbase, the cryptocurrency exchange, saw its shares gain 13% in extended trading after posting fourth-quarter earnings that surpassed analysts’ expectations. With a profit of $1.04 per share on revenue of $954 million, Coinbase proved to be a positive contender in the after-hours market.

Next up, Applied Materials, the semiconductor equipment maker, experienced an 11% surge in shares following a rosy outlook and better-than-expected earnings for the fiscal second quarter. Their first-quarter earnings per share of $2.13 exceeded estimates, and revenue topped the expected $6.48 billion.

Moving on to Toast, the maker of restaurant point of sale systems, which saw shares rise 3% after hours. The company posted a narrower-than-expected loss of 7 cents per share, with revenue in line with expectations at $1.04 billion.

In contrast, Roku, the streaming provider, reported a wider-than-expected loss of 55 cents per share for the fourth quarter, causing shares to tumble 14%. However, their revenue of $984 million did beat estimates.

Another company in the spotlight is DraftKings, the sports betting company, which lost 2% after posting a surprise loss for the fourth quarter, versus analysts’ expectations of earnings. Revenue also came in slightly below estimates at $1.23 billion.

Trade Desk, the digital advertising company, experienced a nearly 19% surge in shares after reporting quarterly revenue that topped Wall Street estimates at $606 million. Their revenue forecast for the first quarter also exceeded analysts’ expectations.

On the flip side, Yelp saw its shares drop about 10% after its first-quarter guidance for both adjusted EBITDA and revenue missed analysts’ estimates. Their fourth-quarter earnings per share also fell short.

Last but not least, Texas Roadhouse, the steakhouse chain, saw its shares rise 8.3% after reporting fourth-quarter earnings per share that topped analysts’ consensus estimates and raising its dividend by 11%. Similarly, Bio Rad Laboratories, the life science equipment company, initially rose 7% after hours following their fourth-quarter earnings beating analysts’ consensus estimates.

These are just a few of the companies making waves in after-hours trading, and our team at the magazine is here to keep you updated on all the latest market news. Stay tuned for more updates as we continue to follow the performance of these and many other companies. Happy trading!

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