Let’s check out the companies that are becoming a hot topic for after-hours trading. Apple — Apple shares rose 4% after the iPhone maker reported fourth-quarter profit that beat analysts’ expectations. The company also gave a solid outlook for the December quarter on the back of strong demand for the iPhone 17 series. Apple earned $1.85 per share on revenue of $102.47 billion. Analysts had expected LSEG to report revenue of $102.24 billion and earnings of $1.77 per share. Cloudflare — The cloud company’s stock rose more than 8% after Cloudflare reported strong third-quarter results. Cloudflare reported adjusted earnings of 27 cents per share, compared with the 23 cents per share expected by analysts surveyed by FactSet. The company’s revenue was $562 million, also beating analysts’ consensus estimates of $544.6 million. Amazon — Amazon soared 14% as the e-commerce company reported better-than-expected quarterly results that included strong growth in its cloud computing division. Amazon’s profit was $1.95 per share, beating LSEG’s estimate of $1.57 per share. For the same period, the company reported sales of $180.17 billion, compared to analysts surveyed by LSEG who expected sales of $177.75 billion. Netflix — Netflix soared 3% after the streaming giant announced a 10-for-1 stock split. This could make individual shares of the company more accessible to retail investors. Twilio — Twilio stock soared 10% after the cloud communications software vendor reported third-quarter earnings that significantly beat analysts’ expectations. Twilio reported earnings per share excluding items of $1.25 on revenue of $1.3 billion, while analysts surveyed by FactSet expected revenue of $1.25 billion and earnings per share of $1.08. Coinbase — Shares of the cryptocurrency exchange rose 2% on stronger-than-expected third-quarter results and higher trading revenue. Coinbase earned $1.50 per share on revenue of $1.87 billion. Analysts surveyed by LSEG expected the company to report revenue of $1.8 billion and earnings per share of $1.10. Atlassian — Shares of the software company rose more than 8% after the company reported better-than-expected profits and revenue in the first quarter, with adjusted earnings of $1.04 per share and revenue of $1.43 billion. That beat the 84 cents per share or $1.4 billion earnings expected by analysts surveyed by FactSet. The company also raised its full-year sales growth forecast. Lumen Technologies — Shares rose 6% after the internet service provider reported better-than-expected third-quarter results. Lumen’s loss was an adjusted 20 cents per share, lower than expected and higher than analysts expected a loss of 26 cents per share, according to FactSet. Revenue was $3.09 billion, beating the consensus estimate of $3.04 billion. Gilead Sciences — The biopharmaceutical company fell about 1% in after-hours trading Thursday despite outperforming top and bottom lines as sales of its HIV drug increased. For the third quarter, Gilead reported adjusted earnings of $2.47 per share on revenue of $7.77 billion. Analysts polled by FactSet had expected earnings of $2.13 per share and revenue of $7.45 billion. Roku — Shares of the streaming platform fell more than 7% after the company reported third-quarter revenue of $1.21 billion, in line with expectations. Profits deteriorated due to decreased advertising expenses and intensified competition. LSEG said the company earned 16 cents per share, beating analysts’ expectations of 9 cents per share. Roku said it expected fourth-quarter revenue of $1.35 billion and raised its full-year platform revenue forecast to $4.11 billion. Strategy — Shares of Bitcoin agency Strategy (formerly MicroStrategy) rose 3% in after-hours trading after the company announced record net profit of $2.8 billion. The company also beat third-quarter revenue expectations, with revenue of $12.7 million, compared to the $116.6 million expected by analysts surveyed by FactSet. Monolithic Power Systems — Shares of the company, which provides semiconductor-based power electronics solutions, fell nearly 3% despite Monolithic Power Systems winning on top and bottom lines. The company reported non-item earnings of $4.73 per share, compared to analyst estimates from LSEG of $4.64 per share. Revenue was $737.2 million, also beating the consensus estimate of $722.6 million. Zillow Group — Shares rose 2% after the real estate market posted third-quarter adjusted EBITDA of $165 million, beating the $158.4 million expected by analysts surveyed by FactSet. Revenue was $676 million, exceeding expectations of $670.9 million. First Solar — Buoyed by strong module sales, the solar power company’s stock beat expectations in the third quarter and rose nearly 4%. First Solar has raised its 2025 forecast. The company currently expects earnings of $14 to $15 per share and revenue of $4.95 billion to $5.2 billion. Reddit — Shares rose more than 2% after the company’s third-quarter results beat Wall Street expectations. Reddit earned 80 cents per share during the period, more than the 51 cents per share that analysts surveyed by LSEG had expected. The company’s revenue was $585 million, also beating the consensus estimate of $546 million. —Christina Cheddar Berk, Sarah Min and Sean Conlon contributed reporting.
AAPL, AMZN, COIN, NFLX, etc.
