Stocks making the biggest moves after hours: Apple, Live Nation, Insulet, Paramount Global, Expedia and more
Check out the companies making headlines in extended trading. Live Nation Entertainment — Shares of the ticket provider climbed nearly 3% after a beat on the top and bottom lines in the third quarter. Live Nation reported $1.78 in earnings per share on $8.15 billion in revenue against estimates from analysts polled by LSEG, formerly known as Refinitiv, of $1.27 in earnings per share on $6.99 billion in revenue. Insulet — Shares added nearly 10% after beating both earnings and revenue estimates in the third quarter. Revenue came in at $432.7 million, while analysts polled by FactSet anticipated revenue of $414.3 million. Apple — The iPhone maker’s shares slipped 3% after Apple posted its fourth-consecutive quarterly decline in overall sales and offered a weak outlook for the December quarter revenue . Revenue for the fiscal fourth quarter came in at $89.50 billion, above the $89.28 billion expected by analysts polled by LSEG. Apple also beat estimates for earnings per share. Expedia — Stock in the travel booking company surged 9% after beating both revenue and earnings estimates in the third quarter. Expedia posted adjusted earnings of $5.41 per share on $3.93 billion in revenue, while analysts polled by LSEG forecast $4.93 per share and $3.86 billion in revenue. Block — Block climbed 14% following a third-quarter earnings beat. The payment services company reported an adjusted 55 cents per share on $5.62 billion in revenue, against estimates from analysts polled by LSEG of 47 cents per share and $5.44 billion in revenue. Block also raised guidance for its full-year operating income. Paramount Global — The media conglomerate stock ticked up nearly 6% following a third-quarter earnings beat . Paramount reported adjusted earnings of 30 cents per share on $7.13 billion in revenue, while analysts polled by LSEG forecast 10 cents per share in earnings and $7.10 billion of revenue. Fortinet — The cybersecurity stock plummeted 18%. Fortinet said it sees fourth-quarter revenue ranging between $1.38 billion and $1.44 billion, compared to Street estimates of $1.5 billion, per LSEG. Fortinet reported third-quarter revenue of $1.33 billion, falling short of analysts’ estimates of $1.35 billion. Carvana — Stock in the used car retailer advanced 6% after the company said it expects to drive total gross profit per unit for the second consecutive year in 2024. Carvana posted third-quarter revenue of $2.77 billion, while analysts called for $2.78 billion, per LSEG. DraftKings — Shares of the sports betting company added 7% in extended trading. DraftKings raised its 2023 revenue guidance, calling for $3.67 billion to $3.72 billion, while analysts polled by LSEG anticipated $3.55 billion. The company also said it sees 2024 revenue ranging between $4.5 billion and $4.8 billion, compared to estimates of $4.31 billion. Trupanion — The pet health insurer jumped 13% postmarket after third-quarter revenue of $285.9 million topped analysts’ $275 million estimate, and adjusted EBITDA of $6.1 million beat an estimated loss of $0.6 million, according to FactSet. Floor & Decor Holdings — The flooring retailer slipped more than 15% after missing third-quarter revenue forecasts. The company reported 61 cents per share on $1.11 billion in revenue, while analysts polled by FactSet forecast 56 cents per share and $1.12 billion in revenue. — CNBC’s Darla Mercado and Scott Schnipper contributed reporting. This post has been syndicated from a third-party source. View the original article here.
