Several companies made headlines in extended trading, including Airbnb, which saw its shares drop 8% after issuing disappointing forward guidance. The hoteling company said second-quarter revenue would range between $2.68 billion and $2.74 billion, falling short of analysts’ expectations. Despite this, Airbnb beat on both the top and bottom lines for the first quarter. Robinhood, the retail investing company, saw its shares jump about 6% after reporting earnings of 18 cents per share on revenue of $618 million for the first quarter, surpassing Wall Street estimates. Analysts had predicted 6 cents per share and $549 million in revenue.
Klaviyo, a marketing automation company, experienced a 7% climb in shares after issuing promising revenue guidance for the second quarter. The company expects revenue in the current quarter to be between $211 million and $213 million, slightly above analysts’ expectations. On the flip side, Arm Holdings saw shares fall by 6% after posting full-year revenue guidance of $3.8 billion to $4.1 billion, below Wall Street’s estimate of $3.99 billion in revenue. Equinix, a data center real estate investment trust, saw its shares climb more than 11% after reporting adjusted earnings before interest, taxes, depreciation, and amortization of $992 million for the first quarter, surpassing analysts’ expectations.
AppLovin, a mobile tech company, surged 10% after reporting first-quarter earnings of 67 cents per share and revenue of $1.06 billion, beating analyst estimates of 57 cents per share and $974 million in revenue. On the other hand, SolarEdge, a solar energy company, saw its shares slide nearly 7% after posting a wider-than-expected loss of $1.90 per share for the first quarter. The company also issued weak second-quarter revenue guidance, ranging between $250 million and $280 million, compared to analysts’ estimates of $306 million. Overall, these companies experienced mixed results in extended trading, with some exceeding expectations and others falling short.
