An indication is posted outdoors of the PayPal headquarters in San Jose, California.
Justin Sullivan | Getty Images
Check out the businesses making headlines in prolonged buying and selling.
Match Group — Shares of the courting app operator tumbled as a lot as 23% after the corporate reported income of $795 million for the second quarter, in contrast with FactSet estimates of $803.9 million. Match additionally issued weak steerage round adjusted working revenue and income for the present quarter.
Solaredge Technologies – The solar-power inventory tanked almost 13% in after-hours buying and selling following disappointing quarterly outcomes. Solaredge reported an EPS of 95 cents, beneath analysts’ expectation of 88 cents per share, in keeping with FactSet. Revenue additionally got here in shy of estimates.
PayPal — The funds large’s shares soared 11% after hours following stronger-than-expected second-quarter outcomes and a rise in its forecast. PayPal additionally revealed it has entered into an information-sharing settlement with Elliott Management.
SoFi — Shares climbed greater than 7% after the private finance firm reported a beat on the highest and backside strains. “While the political, fiscal, and economic landscapes continue to shift around us, we have maintained strong and consistent momentum in our business,” SoFi CEO Anthony Noto mentioned in a press release.
Airbnb — Shares of Airbnb fell about 10% in prolonged buying and selling after the holiday house rental firm posted weaker-than-expected income for the second quarter. The firm additionally reported greater than 103 million booked nights and experiences, the biggest quarterly quantity ever for the corporate however wanting StreetAccount estimates of 106.4 million.
Advanced Micro Devices — AMD’s shares fell almost 5% regardless of reporting robust quarterly earnings and income, after the chipmaker issued a weaker-than-anticipated third-quarter forecast. The chipmaker mentioned it anticipated $6.7 billion in income through the present quarter, plus or minus $200 million. Analysts anticipated $6.83 billion.
Caesars Entertainment — The on line casino firm misplaced about 2% after it reported a quarterly lack of 57 cents per share, which was 74 cents decrease than analysts had anticipated. It additionally reported a Caesars Digital lack of $69 million, in contrast with $2 million for the comparable prior-year interval.
Robinhood — Robinhood slid about 2% after reporting it is going to reduce its headcount by some 23%, after beforehand shedding 9% in April, and posting a decline in month-to-month lively customers and belongings underneath custody for the second quarter. The investing app operator launched its outcomes a day forward of schedule.
Starbucks — The espresso chain noticed shares edge increased by greater than 2% after it reported better-than-expected quarterly outcomes, regardless of lockdowns in China weighing on its efficiency. Within the U.S., nonetheless, web gross sales rose 9% to $8.15 billion and same-store gross sales grew 3%.
— CNBC’s Sarah Min and Yun Li contributed reporting.