After the bell, the largest stock movements: Avis Budget, Arista Networks, and others.
Check out the companies making headlines after the bell Monday:
Despite posting a quarterly profit that exceeded analyst expectations, Avis's stock price dipped slightly. The company earned an adjusted $7.08 per share in its latest quarter, surpassing a Refinitiv estimate of $6.15 per share.
Arista Networks' shares surged over 8% after the company reported better-than-anticipated quarterly results. The company's adjusted profit was 82 cents per share on revenue of $824.5 million, exceeding analysts' expectations of 74 cents per share on revenue of $790.1 million. Additionally, Arista issued first-quarter revenue guidance that was above analyst forecasts.
The retirement home operator's fourth-quarter EBITDA was $35.8 million, just shy of the StreetAccount forecast of $36.2 million. Despite this, the company's revenue for the quarter was $643.9 million, slightly above expectations. As a result, shares fell slightly.
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