Stocks with the biggest gains after hours: ABNB, PINS, EXPE, RIVN | Wilnesh News
Here’s a look at the companies making headlines over the long haul: Rivian — The electric-vehicle maker’s shares rose nearly 2% despite disappointing revenue and profits in the third quarter. Rivian reported an adjusted loss of 99 cents per share on revenue of $874 million. Analysts polled by London Stock Exchange Group (LSEG) expected a loss of 92 cents per share on revenue of $990 million. Pinterest — Shares fell 11% after the social media company issued weak fourth-quarter revenue guidance. Pinterest expects revenue to decline between $1.125 million and $1.145 million. The midpoint of fourth-quarter guidance was $1.135 million, below analysts’ expectations of $1.143 million, according to LSEG. The company’s third-quarter revenue and profit beat estimates. Block — Shares of Block fell 2% after the financial technology company reported third-quarter revenue that missed expectations. Block reported sales of $5.98 billion, while analysts polled by LSEG expected sales of $6.24 billion. On the other hand, Bullock’s adjusted earnings per share were 88 cents, 1 cent higher than analysts’ expectations. Airbnb — Shares of the online home-stay company fell nearly 3%. Airbnb’s third-quarter earnings per share were $2.13, 1 cent below consensus estimates, according to LSEG. Quarterly revenue was $3.73 billion, slightly above analysts’ expectations of $3.72 billion. Akamai Technologies — Shares fell 6% as the cloud computing company issued disappointing full-year guidance. Akamai said adjusted earnings per share for the period would be between $6.31 and $6.38 on revenue of $3.966 billion to $3.991 billion. Analysts polled by FactSet expected earnings of $6.43 per share on revenue of $3.99 billion. DraftKings — The sports betting company fell 4% after guidance missed its target. DraftKings said fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization will be between $240 million and $280 million. Analysts surveyed by London Stock Exchange Group (LSEG) were seeking $340 million to $420 million. The company’s third-quarter results also missed Wall Street expectations. Sweetgreen — Shares of Sweetgreen fell more than 10% after the salad chain missed third-quarter revenue and profit targets. Sweetgreen posted a loss of 18 cents per share, while analysts had expected a loss of 13 cents per share, according to LSEG. Revenue of $173 million was also below analysts’ forecasts of $175 million. Toast — Shares of the restaurant management software company soared 19% on strong guidance for the fourth quarter. Toast guided for fourth-quarter adjusted EBITDA in a range of $90 million to $100 million. Analysts polled by StreetAccount estimated $74.8 million. Third-quarter results also beat revenue and profit expectations. Expedia Group — Shares of the travel services company rose 3%. Expedia’s third-quarter adjusted earnings were $6.13 per share, above analysts’ expectations of $6.04 per share (London Stock Exchange Group). Revenue was $4.06 billion, slightly below analysts’ forecast of $4.11 billion. The company also said Chief Financial Officer Julie Whalen would resign. Arista Networks — The computer networking company fell 6% despite beating third-quarter results. Arista Networks reported third-quarter adjusted earnings of $2.40 per share on revenue of $1.81 billion. Analysts had expected earnings of $2.08 per share and revenue of $1.74 billion. The company’s fourth-quarter revenue guidance also topped expectations. Arista Networks also announced a 4-for-1 stock split. Lucid Group — Shares of Lucid Group rose 6% after the electric-vehicle maker slightly topped analysts’ expectations in the third quarter. Lucid reported an adjusted loss of 28 cents per share on revenue of $200 million. Analysts polled by London Stock Exchange Group (LSEG) expected a loss of 30 cents a share on revenue of $198 million. The company also reiterated plans to produce about 9,000 vehicles this year, a 6.8% increase from 2023. Capri reported adjusted earnings of 65 cents a share on revenue of $1.08 billion, according to LSEG, while Wall Street was looking for 75 cents a share on revenue of $1.18 billion. Revenues from Michael Kors and Versace also fell short of expectations. —CNBC’s Darla Mercado, Lisa Kailai Han and Alex Harring contributed reporting.
