Apple –Followed by better-than-expected earnings results, the technology giant witnessed an increase of close to 2%. In the second fiscal quarter, the company reported earnings of $1.52 per share, with revenue amounting to $94.84 billion. This surpassed analysts' projections of earnings at $1.43 per share and revenue at $92.96 billion.
Caravana -In after-hours trading, the used car dealership saw a significant surge of 23%. Carvana reported a loss of $1.51 per share for the first quarter, which was better than the estimated loss of $2 per share as per Refinitiv. The company's revenue stood at $2.61 billion, aligning with analysts' expectations.
LYFT – Following the release of its latest quarterly results, the stock of the ride-sharing company plummeted by over 14%. Lyft announced a net loss of $187.6 million. However, the company's revenue of $1 billion exceeded analysts' expectations of $981 million, as reported by Refinitiv.
Expedia – The online booking company's stock rose by approximately 6%. Expedia's revenue for the most recent quarter slightly exceeded the forecasts of Wall Street. However, the company reported a loss of 20 cents per share, which was wider than the analysts' expectations of 4 cents per share, as per Refinitiv.
Coinbase – The stock of the cryptocurrency trading platform surged by approximately 9%. Coinbase reported a smaller loss than anticipated, with a loss of 34 cents per share, along with revenue of $773 million. This outperformed the expected loss of $1.35 per share and revenue of $657 million, as reported by Refinitiv.
Block – The parent company of CashApp experienced a 2.6% increase in its stock value due to better-than-expected earnings. Block revealed adjusted earnings of 40 cents per share on $4.99 billion in revenue, exceeding analysts' projections of 34 cents per share on revenue of $4.59 billion, as reported by Refinitiv.
Booking Holdings – The stock experienced a 3% decline as the company did not provide an updated guidance for the full year. Booking reported adjusted earnings of $11.60 per share, exceeding consensus expectations of $10.61 per share, as per Refinitiv. Additionally, the company reported $3.78 billion in revenue, which also surpassed the expectations of financial analysts.
DoorDash – Following the release of quarterly results, shares of the food delivery service rose by 5%. The company recorded a loss of 41 cents per share, which was closer than the expected loss of 58 cents per share as forecasted by analysts according to Refinitiv. Additionally, the revenue surpassed expectations, amounting to $2.04 billion compared to the Street's estimate of $1.93 billion.
