Stocks making the biggest moves after hours: DraftKings, Cloudflare, Airbnb, Atlassian & more
CNBC · Darla Mercado, CFP® ·
Here are the companies making headlines in extended trading.
Market Insider
Stocks making the biggest moves after hours: DraftKings, Cloudflare, Airbnb, Atlassian & more
Here are the companies making headlines in extended trading. Airbnb — The vacation rental platform jumped 11%. Airbnb reported third-quarter earnings of $3.16 per share, topping analysts' consensus estimate of $2.85, while revenue of $4.87 billion beat the Street's $4.75 billion, LSEG data showed. Atlassian — The supplier of team collaboration and productivity software dropped more than 15%. Atlassian's latest financials showed year-over-year data center revenue growth expected to decline approximately 14% in the fiscal second quarter ending in December, and 16% in the fiscal year ending next June. Iren – The neocloud reported first fiscal quarter revenue of $228 million, up from $137 million in the prior quarter. Iren also said that more than $4 billion in annual recurring revenue that was projected to arrive in 2026 has been delayed until at least January 2027. Shares gained 6% in extended trading. The stock has been battered in the latest rout of artificial intelligence-focused names, dropping 31% in the past week. Affirm Holdings — Shares of the buy now, pay later company tumbled 11% after projections for second-quarter revenue only narrowly topped estimates. Affirm sees revenue ranging from $1.435 billion to $1.465 billion, while the LSEG consensus estimate called for $1.43 billion. Wynn Resorts — The casino operator fell 1% after third-quarter results missed Wall Street's expectations. Wynn earned 33 cents a share on an adjusted basis and revenue came in at $1.69 billion. Analysts were looking for 68 cents a share and $1.75 billion, per LSEG. Akamai Technologies — Shares of the cloud computing company dropped 1% following disappointing projections for the fourth quarter. Akamai sees adjusted earnings in a range of $1.50 to $1.70 per share on revenue of $1.145 billion to $1.17 billion. Analysts polled by LSEG were looking for $1.78 per share and $1.20 billion. Cloudflare — The cloud company surged 14% after guidance for the current quarter topped the Street's expectations. Cloudflare anticipates adjusted earnings of 43 cents a share on revenue ranging from $845 million to $846 million. Analysts polled by LSEG sought 38 cents a share and $798 million. Third-quarter results also beat analysts' estimates. JFrog — The software company popped 25% after raising its full-year guidance. JFrog sees adjusted earnings ranging from $1.14 to $1.16 per share on revenue of $680 million to $682 million. The outlook trounced the FactSet consensus estimate for 98 cents a share and $651.9 million. DraftKings — The online sports betting platform tanked 22% after the company posted a wider-than-expected third-quarter loss. DraftKings posted a loss of 94 cents per share, worse than the 39 cents per share loss analysts polled by LSEG anticipated. Revenue of $1.33 billion fell short of the $1.40 billion estimate. Sportsbook revenue for the period came in at $784 million, missing the $811.8 million StreetAccount consensus estimate. Axon Enterprise — The maker of Taser electric weapons slid 13% postmarket after dropping almost 10% during regular trading Thursday. Third-quarter adjusted EPS of $1.72 was short of analysts' consensus of $1.89, while revenue of $909 million also missed the Street's $934.3 million, according to FactSet data. Lyft — The ridesharing company fell more than 5%. Fourth-quarter guidance for bookings came in at $5.74 billion to $5.94 billion, versus the FactSet consensus of $5.81 billion. CNBC's Scott Schnipper contributed reporting.