Stocks making the biggest moves after hours: Starbucks, Visa, Teladoc, LendingClub and more
Check out the companies making headlines in extended trading: Starbucks — The coffee chain’s shares added 3% in extended trading after revenue for the fiscal third quarter came in higher than expected. Starbucks posted revenue of $9.46 billion, while LSEG consensus estimates called for $9.31 billion. Same-store sales fell for the sixth consecutive quarter, however. Visa — Shares fell 3%. Visa reaffirmed full-year 2025 guidance of low double-digit net revenue growth. Separately, the financial technology company beat expectations on the top and bottom lines in the fiscal third quarter. Visa posted adjusted earnings $2.98 per share on revenue of $10.17 billion, while analysts polled by LSEG forecast $2.85 per share and $9.84 billion in revenue. Mondelez International — The manufacturer of Oreo cookies and Sour Patch Kids candy saw shares tumble nearly 3%. Mondelez reaffirmed its full-year guidance, calling for a 10% decline year over year in earnings per share on constant currency and organic revenue growth of about 5%. Separately, second-quarter results surpassed Wall Street estimates. Booking Holdings — Shares were little changed. The Booking.com parent called for third-quarter revenue growth of 7% to 9%, compared to the 8.6% analysts polled by LSEG sought. The company surpassed the Street’s expectations in the second quarter, however. Booking reported adjusted earnings of $55.40 per share on $6.8 billion in revenue, while analysts surveyed by LSEG penciled in $50.22 per share and $6.56 billion in revenue. Caesars Entertainment — The resort-and-casino operator shed 1% despite second-quarter revenue coming in at $2.91 billion versus a $2.86 billion consensus estimate, per LSEG. LendingClub — Shares of the online bank jumped 18% in extended trading after it reported strong revenue and earnings growth in the second quarter, helped by a 32% increase in the value of loan originations versus a year ago. LendingClub posted earnings of 33 cents per share on revenue of $248.4 million. Analysts surveyed by LSEG anticipated it would earn 15 cents per share on revenue of $228 million. Teladoc Health — Shares of the telehealth company rose more than 4% after its second-quarter loss of 19 cents per share came in smaller than the 26-cent loss per share that analysts polled by FactSet were expecting. Its second-quarter revenue also surpassed expectations, coming in at $631.9 million compared to the consensus estimate of $622.6 million. Qorvo — Shares of the semiconductor company jumped more than 8%. Qorvo gave a rosy outlook for the fiscal second quarter, calling for adjusted earnings of $2.00 per share on revenue of about $1.025 billion. LSEG consensus estimates sought $1.61 in earnings per share and $957 million in revenue. First-quarter results also topped analysts’ estimates. — CNBC’s Darla Mercado, Christina Cheddar Berk and Sean Conlon contributed reporting. This post has been syndicated from a third-party source. View the original article here.
