June 6, 2023

Brighton Journal

Complete News World

Stocks move the most after hours: AAPL, CVNA, DASH, and SQ

Apple’s first physical retail store is located in the populous city of Mumbai.

Punit Paranjpe | Afp | Getty Images

Check out which companies are making headlines after trading hours.

apple The tech giant added nearly 2% after beating earnings. The company reported earnings of $1.52 per share on revenue of $94.84 billion for the fiscal second quarter. Analysts had expected earnings of $1.43 per share on revenue of $92.96 billion.

carvana – The used car dealer added 23% in the post-close trading period. Carvana posted a loss of $1.51 per share for the first quarter, falling short of estimates for a loss of $2 per share, according to Refinitiv. Revenue came in at $2.61 billion, in line with analyst estimates.

lift Shares of the ride-sharing company fell more than 14% after Lyft published its latest quarterly results. The company mentioned a net loss $187.6 million. According to Refinitiv, the $1 billion in revenue beat analyst estimates of $981 million.

Expedia Shares in the online booking company rose nearly 6%. Revenue for the fourth quarter came in slightly ahead of Wall Street’s expectations. Expedia posted a loss of 20 cents per share, which beat analyst expectations of 4 cents per share, according to Refinitiv.

Coinbase Shares of the cryptocurrency trading platform gained nearly 9%. Coinbase reported a lower-than-expected loss of 34 cents per share on $773 million in revenue, versus an expected loss of $1.35 per share and $657 million in revenue according to Refinitiv. The company had cut costs with layoffs in the quarter.

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roadblock CashApp’s parent company gained 2.6%, with a dividend spread. Block reported adjusted earnings of 40 cents per share on revenue of $4.99 billion while analysts had expected earnings of 34 cents per share on revenue of $4.59 billion, according to Refinitiv.

Reservation holdings Shares lost 3% after the company didn’t update its guidance for the full year. Booking reported adjusted earnings of $11.60 per share, versus consensus forecasts of $10.61 per share, according to Refinitiv. Booking also reported revenues of $3.78 billion which was also above Street’s expectations.

DoorDash Shares of the food delivery service rose 5% following the quarterly results. The company reported a loss of 41 cents per share, less than the loss of 58 cents per share that analysts had expected, according to Refinitiv. Revenue came in higher than expected, at $2.04 billion versus Street’s estimate of $1.93 billion.