Apple, Amazon, Airbnb, Coinbase and more – NBC Connecticut

Apple, Amazon, Airbnb, Coinbase and more – NBC Connecticut

Check out the businesses making headlines in after-hours buying and selling.

Amazon — The e-commerce big popped more than 7% in prolonged buying and selling after posting sturdy second-quarter outcomes and issuing upbeat income steerage for the present interval. Amazon reported earnings of 65 cents a share, forward of the 35 cents anticipated by analysts, per Refinitiv. Revenue rose 11% in the course of the interval and got here in at $134.4 billion, forward of the anticipated $131.5 billion.

Apple — The massive expertise inventory slid 1% as merchants parsed the corporate’s newest monetary report. Earnings per share for the fiscal third quarter got here in at $1.26, above the $1.19 anticipated by analysts polled by Refinitiv. Revenue additionally got here in increased than anticipated however was down about 1% on a year-over-year foundation.

Booking Holdings — Shares of the net journey firm superior 9% in prolonged buying and selling. For its second quarter, Booking Holdings reported adjusted earnings of $37.62 per share on income of $5.46 billion. Analysts polled by Refinitiv referred to as for earnings of $28.90 per share on income of $5.17 billion. 

Fortinet — Shares of the cybersecurity inventory tumbled 17% following a blended second-quarter report and outlook. Fortinet posted 38 cents in adjusted earnings per share on $1.29 billion in income. Analysts polled by Refinitiv had anticipated 34 cents per share on $1.3 billion. Guidance for the present quarter was equally blended, with forecast earnings in keeping with expectations and income softer than Wall Street anticipated.

DraftKings — Shares of the digital playing firm popped 10% after DraftKings surpassed analysts’ estimates within the second quarter. DraftKings posted a lack of 17 cents per share on income of $875 million. Analysts referred to as for a lack of 25 cents a share and $764 million in income, per Refinitiv.

Airbnb — Shares slid 1% after the corporate reported its second-quarter earnings. Airbnb posted 98 cents in earnings per share on income of $2.48 billion. Analysts had forecast 78 cents in earnings per share on $2.42 billion in income, in line with Refinitiv. However, the corporate’s nights and experiences bookings missed expectations.

Coinbase — The crypto buying and selling platform jumped 1% after posting second-quarter outcomes. Coinbase posted a narrower-than-expected lack of 42 cents a share, whereas analysts polled by Refinitiv estimated a lack of 77 cents per share. Revenue additionally surpassed expectations, coming in at $708 million, versus analysts’ forecast for $633 million.

Dropbox — The on-line collaboration platform superior 3% on the again of sturdy second-quarter earnings. Dropbox reported 51 cents in adjusted earnings per share, whereas analysts surveyed by Refinitiv anticipated 46 cents. Revenue got here in at $623 million, forward of the $614 million forecast.

Redfin — Redfin dropped 10% after issuing weaker-than-expected third-quarter income steerage. The firm forecast third-quarter income between $265 million and $279 million, decrease than the $288 million anticipated by analysts polled by Refinitiv. Meanwhile, the true property firm posted second-quarter income of $276 million, which got here in keeping with estimates. Redfin reported a narrower-than-expected lack of 25 cents per share, higher than the anticipated lack of 32 cents per share.

Corsair Gaming — The gaming inventory slid 1% regardless of posting sturdy earnings and reiterating its full-year outlook. For the second quarter, earnings per share got here in keeping with the consensus estimate from FactSet of 9 cents. Revenue beat expectations at $325.4 million in contrast with a $322.8 million forecast.

Sprout Social — The digital media inventory dropped 11% after the corporate introduced its acquisition of Tagger Media, a social intelligence and influencer advertising and marketing platform.

Square — Shares of the funds tech firm dipped more than 4% in after-hours buying and selling even after the agency reported second-quarter earnings and income above expectations. Square reported earnings of 39 cents per share, versus analysts’ 36 cents estimate per Refinitiv. Revenue of $5.53 billion additionally got here in increased than the expectation of $5.10 billion.

— CNBC’s Darla Mercado, Hakyung Kim, Sarah Min, Samantha Subin and Yun Li contributed reporting.

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