After-hours stock movers: Airbnb, Robinhood, Arm Holdings, Equinix and others.
Check out the companies making headlines in extended trading:
The hoteling company's disappointing forward guidance caused shares to drop 8%. Airbnb predicted second-quarter revenue to be between $2.68 billion and $2.74 billion, but analysts expected $2.74 billion, according to LSEG. Despite this, the company exceeded expectations on both the top and bottom lines in the first quarter.
Robinhood's retail investing company experienced a 6% increase after its first-quarter report exceeded Wall Street predictions. The company reported earnings of 18 cents per share on $618 million in revenue, while analysts anticipated 6 cents in earnings per share and $549 million in revenue.
The marketing automation company's shares rose 7% after it released optimistic revenue projections for the second quarter. Klaviyo anticipates revenue of $211 million to $213 million in the current quarter, while analysts surveyed by LSEG predicted $210 million.
The chip company's revenue guidance for the full year was $3.8 billion to $4.1 billion, which is lower than the $3.99 billion that Wall Street had predicted, according to LSEG.
Equinix's data center real estate investment trust increased by more than 11%, while the company reported adjusted earnings before interest, taxes, depreciation and amortization of $992 million for the first quarter, exceeding the analysts' expectations of $981.3 million.
AppLovin's first-quarter earnings were 67 cents per share, exceeding analysts' expectations of 57 cents, while revenue was $1.06 billion, also surpassing the predicted $974 million.
SolarEdge reported a wider-than-expected loss of $1.90 per share in the first quarter, while analysts predicted a loss of $1.57 per share. Additionally, the company's second-quarter revenue guidance was weaker than anticipated, ranging between $250 million and $280 million, compared to analysts' estimates of $306 million. The solar energy company's stock price slid nearly 7% as a result.
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