Check out the companies making headlines in extended trading. Avis Budget Group — Shares slipped about 1% after the rental car company’s fourth-quarter revenue of $2.76 billion in the fourth quarter missed estimates. Analysts polled by LSEG, formerly known as Refinitiv, forecast $2.81 billion. JetBlue Airways — The airline’s stock jumped more than 15% after activist Carl Icahn reported a nearly 10% stake in the company. He said JetBlue shares are undervalued. ZoomInfo Technologies – Shares of the market intelligence company soared nearly 23%. ZoomInfo posted adjusted earnings of 26 cents per share on revenue of $316 million in the fourth quarter. Analysts polled by LSEG called for earnings of 25 cents a share and revenue of $311 million. Cadence Design Systems — The software company fell almost 6% after issuing a weak outlook for the first quarter. The company sees adjusted earnings of $1.10 to $1.14 per share on revenue of $990 million to $1.01 billion. Analysts polled by FactSet expected $1.37 per share and revenue of $1.09 billion. Beamr Imaging — Shares climbed roughly 3% after the video optimization technology company announced earlier on Monday a collaboration with chipmaker Nvidia to speed up adoption of its AOMedia Video 1 format. Arista Networks — The computer networking company slipped more than 5% despite beating Wall Street estimates on the top and bottom lines in th …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in extended trading. Avis Budget Group — Shares slipped about 1% after the rental car company’s fourth-quarter revenue of $2.76 billion in the fourth quarter missed estimates. Analysts polled by LSEG, formerly known as Refinitiv, forecast $2.81 billion. JetBlue Airways — The airline’s stock jumped more than 15% after activist Carl Icahn reported a nearly 10% stake in the company. He said JetBlue shares are undervalued. ZoomInfo Technologies – Shares of the market intelligence company soared nearly 23%. ZoomInfo posted adjusted earnings of 26 cents per share on revenue of $316 million in the fourth quarter. Analysts polled by LSEG called for earnings of 25 cents a share and revenue of $311 million. Cadence Design Systems — The software company fell almost 6% after issuing a weak outlook for the first quarter. The company sees adjusted earnings of $1.10 to $1.14 per share on revenue of $990 million to $1.01 billion. Analysts polled by FactSet expected $1.37 per share and revenue of $1.09 billion. Beamr Imaging — Shares climbed roughly 3% after the video optimization technology company announced earlier on Monday a collaboration with chipmaker Nvidia to speed up adoption of its AOMedia Video 1 format. Arista Networks — The computer networking company slipped more than 5% despite beating Wall Street estimates on the top and bottom lines in th …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
