Stocks making the biggest moves after hours: Yelp, Sweetgreen, Akamai Technologies and more

by | May 9, 2024 | Financial

Check out the companies making headlines in extended trading. Yelp — Shares of the restaurant review site slid 6% as Yelp posted light second-quarter revenue guidance. The company reported first-quarter earnings of 20 cents a share, surpassing analysts’ estimates of 6 cents a share, per LSEG. Revenue for the period came in line with expectations, however, at $333 million. Sweetgreen — The salad chain popped 5% after Sweetgreen reported first-quarter revenue of $158 million, topping the LSEG consensus estimate of $152 million. Earnings were not immediately comparable with estimates. Akamai Technologies — The cloud company slid nearly 9%, tumbling on the back of weak guidance for the second quarter. Akamai sees adjusted earnings ranging from $1.51 to $1.56 per share on revenue of $967 million to $986 million. Analysts polled by LSEG called for earnings of $1.63 per share and revenue of $1 billion. Array Technologies – The solar tracker tech provider popped 8%. Array’s first-quarter adjusted earnings came in at 6 cents per share on revenue of $153.4 million. Analysts polled by FactSet called for a loss of 4 cents a share on revenue of $141.2 million. Dropbox — Shares rose 2.5% after Dropbox beat first-quarter expectations on the top and bottom lines. The cloud storage company posted adjusted earnings of 58 cents per share on revenue of $631 milli …

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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in extended trading. Yelp — Shares of the restaurant review site slid 6% as Yelp posted light second-quarter revenue guidance. The company reported first-quarter earnings of 20 cents a share, surpassing analysts’ estimates of 6 cents a share, per LSEG. Revenue for the period came in line with expectations, however, at $333 million. Sweetgreen — The salad chain popped 5% after Sweetgreen reported first-quarter revenue of $158 million, topping the LSEG consensus estimate of $152 million. Earnings were not immediately comparable with estimates. Akamai Technologies — The cloud company slid nearly 9%, tumbling on the back of weak guidance for the second quarter. Akamai sees adjusted earnings ranging from $1.51 to $1.56 per share on revenue of $967 million to $986 million. Analysts polled by LSEG called for earnings of $1.63 per share and revenue of $1 billion. Array Technologies – The solar tracker tech provider popped 8%. Array’s first-quarter adjusted earnings came in at 6 cents per share on revenue of $153.4 million. Analysts polled by FactSet called for a loss of 4 cents a share on revenue of $141.2 million. Dropbox — Shares rose 2.5% after Dropbox beat first-quarter expectations on the top and bottom lines. The cloud storage company posted adjusted earnings of 58 cents per share on revenue of $631 milli …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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