Stocks React After Hours: Robinhood, Toast, eBay, Akamai Technologies, DaVita, Devon Energy, Occidental Petroleum, Sempra, Extra Space Storage
After the bell, several companies made headlines with their stock performance. Here’s a rundown of the notable movers:
– Robinhood: The trading platform app saw its shares slide by more than 8% after posting third-quarter revenue of $467 million, falling short of analysts’ estimates of $478 million.
– Toast: Shares of the restaurant point-of-sale systems provider dropped 17% in extended trading. The company reported a third-quarter loss of 9 cents per share, missing analysts’ expectations of 10 cents per share. However, its revenue of $1.03 billion matched Street estimates.
– eBay: The e-commerce giant’s shares fell by 6% after reporting third-quarter revenues of $2.5 billion, in line with analysts’ expectations. Adjusted earnings exceeded expectations at $1.03 per share, compared to analysts’ call for $1 per share.
– Akamai Technologies: The cloud service company jumped 3% after beating on the top and bottom lines. It reported third-quarter adjusted earnings of $1.63 per share and revenue of $965.5 million, surpassing analysts’ estimates.
– DaVita: Shares of the health-care company climbed 4% after reporting adjusted earnings of $2.85 per share on $3.1 billion of revenue in the third quarter, both ahead of analysts’ estimates. The company also raised its guidance for full-year adjusted earnings.
– Devon Energy: Devon Energy’s stock slid 2.5% in extended trading after issuing full-year production guidance and reporting third-quarter adjusted earnings that exceeded analysts’ expectations.
– Occidental Petroleum: Shares of Occidental Petroleum inched up by 1% after reporting third-quarter adjusted earnings that surpassed analysts’ estimates and raising its full-year production guidance.
– Sempra: The utility company’s stock slid 2% after announcing a proposed $1 billion common stock offering through Morgan Stanley and Citigroup.
– Extra Space Storage: The stock added 2% after reporting a third-quarter revenue above analysts’ expectations.
Overall, these post-market moves reflect the ongoing volatility and uncertainty in the market. CNBC’s Darla Mercado contributed reporting to this article.
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