Check out the companies that make headlines for transactions outside of business hours. Applovin – AI-powered marketing platform has earned 13% stake in expanded trading after companies reported stronger quarter results than expected. Applovin’s posted an EPS of $1.67, which is higher than the LSEG consensus estimate of $1.45 per share. Revenues of $1.48 billion also surpassed expectations. The company has also announced that it will sell its mobile gaming business to three times the number of studios, taking into account $400 million in cash and approximately 20% ownership of Triple Do Common Equity. ARM Holdings – The US has slid 9% of its Chip Designer stock after failing to impress Wall Street. ARM looks at first quarter adjusted earnings ranging from 30 to 38 cents per share, but the fact set consensus estimate is looking for 42 cents per share. The guidance on revenue for the period ranged from $10 to $11 billion, but estimated to be $1 billion. Outlook overshadowed the top and bottom line beats of the fourth quarter. Skyworks Solutions – Semiconductor inventory fell 4% even after reporting stronger revenue than expected for the second quarter. Skyworks recorded an adjusted earnings of $1.24 per share with $153 million earnings, exceeding $1.20 per share, with revenues of $952 million predicted by analysts surveyed by LSEG. The company also forecasts bright third quarter revenue. AVIS Budget – Stocks have increased by about 2%. Car rental reported a negatively adjusted EBITDA of $93 million compared to the $103.3 million loss expected by analysts voted by FactSet. However, our revenue of $2.43 billion for the fourth quarter missed a consensus estimate of $2.49 billion. Bumble – Dating apps surged more than 8% despite reporting flat users growth in the first quarter. Revenue over the period fell approximately 8% from a year ago to $247.1 million. The company also forecasts second quarter revenues between $235 million and $243 million. Zillow – The real estate services company’s shares fell almost 5% after the housing market still warned that it was still difficult. Despite the decline in stock prices, Zillow was able to get top estimates in the first quarter, with revenue adjusted for 41 cents with revenue of $598 million. It was the company’s first profitable quarter since 2022. Zillow expects revenue to increase at a low rate of 10 copies in 2025. Flutter Entertainment – The online sports betting company’s shares slipped through nearly 2%. Flutter recorded first-quarter adjusted earnings of $3.67 billion with revenue of $1.59 per share. This was not appealing Analyst’s revenue of $1.89 per share, and $3.84 billion per LSEG. Fortinet – Cybersecurity stocks fell by about 11%. The full year adjusted revenue guidance was between $2.43 and $2.49 per share, compared to an estimated LSEG consensus of $2.47 per share. The outlook, which was largely in line with expectations, overshadowed the beat on first quarter revenue. Carvana – Even as Carvana posted solid results for the first quarter, stocks in the online used car market slipped 1%. Carvana posted a profit of $1.51 to $4.23 billion per share, earnings of $1.51 per share, but LSEG consensus estimates of 67 cents per share and revenues of $3.98 billion. The company saw a “sequential increase in both retail units and coordinated EBITDA” in the second quarter. H&R Block – Stocks rose more than 2% after tax preparation services companies improved their third quarter revenue and revenue from the same period last year. In the H&R block, adjusted revenues of $5.38 per share were almost 9% jumps compared to a year ago. The company also reported revenue of $2.28 billion, earning 4% year-on-year. Dutch Brothers – Coffee Chain stocks rose 5% after first quarter results violated top-line and bottom-line estimates. Dutch Brothers reported 14 cents in adjusted earnings per share with revenue of $355 million. Analysts surveyed by LSEG were supplying pencils at 11 cents per share with revenues of $345 million. CF Industries – Fertilizer maker added 1% after posting first quarter revenue and revenue beats. CF Industries reported earnings of $1.85 per share against revenues of $1.85 per share, with analysts seeking $1.48 per share and $1.54 billion per fact set. The company has also approved a $2 billion share repurchase program. Axon Enterprise – Taser’s manufacturer jumped over 5%. Axon reported an adjusted earnings of $1.41 per share for the first quarter, revenues of $1.41 per share. The LSEG consensus estimates were $1.27 per share and $584 million in revenue. – Reported by CNBC’s Darla Mercado, Alex Harring, Jesse Pound, Yun Li, Christina Cheddar Berk and Lisa Kailai Han.
Stocks that make the biggest move after business hours: app, arm, flutt, ftnt
