Stocks making the biggest moves after hours: Apple, Cloudflare, Expedia, Block and more
Check out the companies making headlines in after-hours trading: Apple — The iPhone maker advanced 7% as it announced a $110 billion share repurchase and a top- and bottom-line beat. Apple’s fiscal second-quarter earnings came in at $1.53 per share, while revenue was $90.75 billion. That surpassed analysts’ estimates for earnings of $1.50 per share on revenue of $90.01 billion, per LSEG. Expedia — The online travel company dropped roughly 8% in after-hours trading. Expedia lowered its full-year guidance to a range of mid to high single-digit top-line growth, citing slowness in Vrbo and the rate of acceleration in business-to-consumer so far. Expedia posted a beat on first-quarter revenue, which came in at $2.89 billion, surpassing analysts’ estimates of $2.81 billion, per LSEG. Amgen — The biotech company surged 11%. Amgen posted adjusted earnings of $3.96 per share on revenue of $7.45 billion in the first quarter. Analysts polled by LSEG anticipated earnings of $3.87 per share and revenue of $7.44 billion. The company also said it would move its injectable obesity drug into a phase 3 trial, but it will no longer pursue an experimental weight loss pill it had in development. Fortinet — Shares of the security company tumbled 8%. The midpoint of Fortinet’s billings guidance for the second quarter and full year came in slightly lighter than analysts expected. Fortinet reported adjusted earnings of 43 cents per share and revenue of $1.35 billion in the first quarter, while analysts polled by LSEG called for 38 cents per share and revenue of $1.34 billion. Block — The payment services provider popped 6%. Block reported adjusted earnings of 85 cents per share on revenue of $5.96 billion in the first quarter. Those results beat analysts’ estimates for earnings of 72 cents per share and revenue of $5.82 billion, per LSEG. Cloudflare — The cloud services provider’s shares slid 13% after the company issued weak guidance on revenue for the full year. However, first-quarter results surpassed the Street’s estimates. Cloudflare posted adjusted earnings of 16 cents a share on revenue of $379 million, while consensus estimates called for earnings of 13 cents a share and revenue of $373 million, per LSEG. DaVita — Shares of the health-care provider gained 3% in extended trading after DaVita posted first-quarter adjusted earnings of $2.38 per share, while analysts polled by FactSet had called for $1.95 per share. Revenue of $3.07 billion also beat expectations of $3.03 billion. — CNBC’s Christina Cheddar-Berk contributed reporting. This post has been syndicated from a third-party source. View the original article here.
