Companies Making Headlines in Extended Trading
Several companies experienced significant movements in extended trading. Here are the key highlights:
Pinterest shares dropped 6% after the company issued a weaker-than-expected forecast. Although it missed revenue estimates, Pinterest exceeded earnings expectations in its fourth-quarter report.
Take-Two Interactive Software
Take-Two Interactive Software saw a nearly 7% decline in shares after issuing a disappointing forecast for the current quarter. The video game publisher also slightly missed earnings estimates.
Expedia
Expedia’s shares plunged over 12% despite beating expectations on both top and bottom lines for the latest quarter. The travel company announced the appointment of Ariane Gorin as its new CEO.
CleanSpark
Bitcoin miner CleanSpark experienced a 9% spike in shares after reporting better-than-expected results for its fiscal first quarter. The company’s earnings per share came in at 14 cents, while revenue surpassed expectations.
Illumina
Illumina’s shares dipped by 2% as the genomic company projected flat full-year revenues, contrary to analyst predictions of a slight increase. However, Illumina performed well in the fourth quarter, surpassing earnings estimates and exceeding revenue expectations.
Cloudflare
Cloud services provider Cloudflare witnessed an 18% jump in shares during extended trading. The company posted strong adjusted earnings and revenue figures, surpassing analyst estimates. Additionally, Cloudflare provided positive guidance for full-year adjusted earnings per share.
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