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Thursday, May 19, 2022

Stocks making the largest strikes after hours: DoorDash, Block, Zillow and extra

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A DoorDash signal is pictured on a restaurant on the day they maintain their IPO in New York, December 9, 2020.

Carlo Allegri | Reuters

Check out the businesses making headlines after the bell

Block — Shares rose greater than 5% after hours regardless of Block lacking earnings expectations on the highest and backside traces. The monetary providers firm posted first-quarter earnings of 18 cents per share ex-items on income of $3.96 billion. Analysts had anticipated a revenue of 21 cents per share on revenues of $4.16 billion, in line with Refinitiv.

DoorDash — The supply app noticed shares soar greater than 8% in prolonged buying and selling after DoorDash’s first-quarter income topped analyst estimates. DoorDash posted $1.46 billion in income versus the Refinitiv consensus estimate of $1.38 billion.

Dropbox — The inventory added roughly 1% after hours following a better-than-expected quarterly report. Dropbox notched an adjusted revenue of 38 cents per share on revenues of $562 million. Analysts had anticipated earnings of 37 cents per share on revenues of $559 million, in line with Refinitiv.

Zillow Group — The on-line real-estate market noticed shares tumble about 10% after hours regardless of a beat on the highest and backside traces. Zillow reported first-quarter adjusted earnings of 49 cents per share on income of $4.26 billion. The Refinitiv consensus estimate was 26 cents per share earned on income of $3.39 billion.

Virgin Galactic Holdings — The house inventory fell about 2% in after-hours buying and selling as the corporate mentioned it might delay its business service launch to the primary quarter of 2023.

Sweetgreen – Shares popped greater than 4% in prolonged buying and selling after the salad chain posted a beat on income. Sweetgreen misplaced 45 cents per share and posted revenues of $102.6 million. Analysts polled by Refinitiv forecasted a 41 cent per share loss, on revenues of $101.5 million.

Live Nation Entertainment — The inventory rose about 3% in after-hours buying and selling as Live Nation posted a narrower-than-expected loss per share. The firm misplaced 39 cents per share versus the Refinitiv consensus estimated lack of 79 cents per share. Revenue got here in barely decrease than anticipated.

Shake Shack — The restaurant chain’s inventory added roughly 1% in prolonged hours after a better-than-expected quarterly report. Shake Shack reported a first-quarter lack of 19 cents per share ex-items on income of $203 million. Analysts surveyed by Refinitiv had anticipated a loss per share of twenty-two cents on income of $201 million.

— CNBC’s Sarah Min contributed to this report.


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