After-hours stock movers: Block, Carvana, Booking Holdings and others

After-hours stock movers: Block, Carvana, Booking Holdings and others
After-hours stock movers: Block, Carvana, Booking Holdings and others

Check out the companies making headlines in extended trading.

Despite posting revenue of $3.39 billion in its fiscal second quarter, which was in line with analysts' expectations, shares of the financial software company pulled back roughly 1%. However, adjusted earnings came in ahead of Wall Street's estimate at $2.63 per share, compared to $2.30 per share anticipated by analysts.

Live Nation's revenue of $5.84 billion in extended trading surpassed analysts' estimates of $4.79 billion, while the entertainment company's fourth-quarter operating income was slightly below consensus.

Despite reporting a fourth-quarter earnings and revenue beat, the online travel company's stock price fell more than 4%. Meanwhile, room nights booked increased by 9%. Additionally, Booking Holdings announced it would begin paying out a quarterly cash dividend of $8.75 per share.

The medical device company experienced a decline of more than 5% following the release of a revenue growth forecast that was lower than anticipated. Insulet anticipates a 17% to 20% increase in revenue on a year-over-year basis in the first quarter, while analysts surveyed by FactSet predicted 24.3%.

Nearly 11% of the payment company's shares surged after it reported $5.77 billion in revenue for the fourth quarter, exceeding analysts' expectations of $5.70 billion. The company aims to achieve gross profit of at least $8.65 billion in 2024, representing a 15% increase from the previous year.

The car resale company's announcement that it anticipates increasing the number of retail units sold for 2024 led to a more than 20% increase in shares, despite not providing specific numbers. Carvana reported a fourth-quarter loss of $1 per share on revenue of $2.42 billion, which was lower than the analysts' estimates, as polled by LSEG.

The e-commerce company's stock price dropped 8% following the release of its fourth quarter earnings of $3.25 per share, which were the same as the previous year. Despite analysts predicting an operating income of $668.5 million, the company reported only $572 million in operating income, excluding items.

by Brian Evans

markets