The Airbnb brand is seen on a bit mini pyramid underneath the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019.
Charles Platiau | Reuters
Take a look at the businesses making headlines after the bell:
Airbnb — Airbnb shares plunged practically 11% regardless of a beat on the highest and backside traces. The corporate shared a softer-than-expected outlook for the second quarter and warned of decrease year-over-year comparables.
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Twilio — Twilio shares shed 12.5% after offering a lighter-than-expected forecast for the present quarter. The corporate posted a slight beat on income.
Rivian — The electrical automobile inventory gained greater than 5% in prolonged buying and selling. Rivian reported a narrower-than-expected loss and income beat Wall Road’s expectations. The corporate additionally reaffirmed its EV manufacturing goal.
Occidental Petroleum — The oil large misplaced 1.3% after hours on earnings that got here in barely under Wall Road’s expectations, in keeping with FactSet. Earnings additionally fell from a 12 months in the past as oil costs declined.
Akamai Applied sciences — Shares added 4.7% in prolonged buying and selling on robust first-quarter earnings. The cloud firm additionally lifted its full-year steerage and shared robust cybersecurity income.
Wynn Resorts — Shares of the lodge and on line casino operator had been final buying and selling flat after hours following the corporate’s quarterly outcomes. Wynn posted earnings and income that beat consensus expectations, in keeping with Refinitiv. CEO Craig Billings highlighted the “significant return of visitation and demand” in Macau.
Toast — The cloud-based restaurant software program vendor popped 7.4% in prolonged buying and selling. Toast posted a wider-than-expected loss for the primary quarter, in keeping with FactSet, however topped Wall Road’s income estimates. Second-quarter and full-year steerage additionally got here in higher than anticipated.
Affirm —Shares of the purchase now pay later fell greater than 7% regardless of sharing a narrower loss than anticipated and a income beat. Losses for the quarter, nonetheless, tripled over final 12 months. Affirm shared better-than-expected steerage for its fiscal fourth quarter.
Digital Arts — The gaming software program maker noticed shares rise in prolonged buying and selling after reported better-than-expected revenues for its fourth quarter, in keeping with Refinitiv, as a part of a blended replace of economic outcomes. EA additionally posted a 4 cent per share loss although that determine is not comparable with analyst estimates.
Upstart — Upstart shares surged 50% after the AI-lending firm reported a smaller loss than anticipated for the current quarter. The corporate reported an adjusted lack of 47 cents a share. Analysts polled by Refinitiv anticipated a lack of 81 cents per share.
— CNBC’s Tanaya Macheel contributed reporting
