Stocks making the biggest moves after hours: Reddit, Lyft, Rivian, Twilio and more

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 22 min. at publisher
  • 📊 Quality Score:
  • News: 82%
  • Publisher: 72%

Business News

Breaking News: Markets,Stock Markets,Economy

These are the stocks posting some of the largest moves in extended hours trading.

Check out the companies making headlines in after-hour trading. Reddit — The social media stock popped nearly 18% on the back of a better-than-expected quarterly earnings in its first report since the company's IPO in March. Reddit saw a faster rate of advertising revenue growth than its top competitors. Reddit posted $243 million in revenue, while analysts polled by FactSet forecast $212.8 million. Reddit's $8.19 loss per share for the period may not compare with the $8.

Arista Networks earned $1.99 per share on revenue of $1.57 billion in the first quarter, while analysts polled by LSEG anticipated earnings of $1.74 per share and revenue of $1.55 billion. Revenue guidance for the current quarter ranged between $1.62 billion and $1.65 billion, while analysts called for $1.62 billion. Sonos — The audio product maker tumbled 9% after reporting a wider loss than Wall Street expected.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Status of the stocks: Record-low number of stocks on overfishing list in 2023Ongoing positive trends continued into last year
Source: NOAA - 🏆 160. / 63 Read more »

Mixed Performance in Asian Stocks as Japanese Markets Rebound, Chinese Stocks FallAsian stocks were a mixed bag on Monday as Japanese markets rebounded from sharp losses seen last week, while Chinese stocks fell amid renewed concerns over the country’s property market.
Source: Investingcom - 🏆 450. / 53 Read more »

Rivian’s Q1 earnings come short, production outlook reaffirmed; shares slipRivian’s Q1 earnings come short, production outlook reaffirmed; shares slip
Source: Investingcom - 🏆 450. / 53 Read more »