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Stocks making the biggest moves after hours: Warner Bros. Discovery, Zillow, Duolingo and more

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Warner Bros Discovery Inc,Zillow Group Inc,Klaviyo Inc

Corporate earnings were sparking big swings for some stocks on Wednesday evening.

Here are some of the stocks making notable moves after the market close on Wednesday, Aug. 7. Warner Bros. Discovery — The entertainment stock dropped 8.5% after the announcement of a $9.1 billion write down related to TV networks. Warner Bros. Discovery's revenue for the second quarter also came in well below analysts' expectations. Zillow — The real estate platform's shares soared more than 13% in extended trading following a stellar quarterly report.

The company said it expected earnings per share between 9 cents and 11 cents on revenue of $105 million to $106 million. Analysts surveyed by LSEG had estimated 14 cents per share on $108 million of revenue. Duolingo — Shares of the language learning app rose 5% after second-quarter earnings topped estimates. Duolingo said it generated 51 cents of earnings per share, above the 32 cents expected by analysts, according to LSEG. Revenue of $178 million was $1 million above expectations.

 

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