Hey there, readers! We’ve got some juicy updates on the latest stock market news. Let’s dive into what’s been happening in the world of finance and get you up to speed.
First up, Pinterest. The image-sharing company’s shares took a bit of a hit, sliding 6% in extended trading. It seems that they issued a forecast that wasn’t quite up to par with what was expected. However, don’t count them out just yet – they did manage to beat earnings despite missing revenue estimates.
Next, Take-Two Interactive Software. This video game publisher also saw a drop in shares, nearly 7% in extended trading. The reason? A disappointing forecast for the current quarter. They also missed earnings estimates by a hair, with 71 cents a share versus the expected 72 cents.
On the flip side, Expedia managed to beat expectations but still saw a plunge of more than 12% in after-hours trading. Talk about a wild ride! Even with a strong performance on the top and bottom lines for the latest quarter, the travel company’s stock took a hit. On a positive note, they’ve got a new chief executive officer on the way, so big changes could shake things up in the future.
Now, let’s shift gears to CleanSpark. This bitcoin miner saw a 9% spike after posting better-than-expected results for its fiscal first quarter. Analysts were caught off guard by the company’s earnings of 14 cents per share, especially considering they were anticipating a loss. Looks like CleanSpark is making some moves in the right direction.
Illumina, a genomic company, didn’t fare as well – shares dipped 2% after they announced an anticipated flat full-year revenue. However, they did manage to beat earnings per share estimates and posted revenue above expectations in the fourth quarter. It’s a mixed bag for Illumina, but there’s still hope for a turnaround.
Last but not least, Cloudflare. The cloud services provider saw a whopping 18% jump in extended trading. They posted adjusted earnings and revenue that surpassed analyst expectations, and even gave a rosy outlook for full-year adjusted earnings per share. Looks like Cloudflare is riding high on some positive momentum.
And there you have it – the latest rundown on the companies making waves in extended trading. Keep an eye on these stocks as they continue to make headlines and shape the world of finance. Stay tuned for more updates as the market continues to unfold its twists and turns.
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