Check out the companies making headlines in post-market trading: Reddit – After Reddit’s user count failed to meet Wall Street’s expectations, the social media platform slides 17%. Daily Active Unique averaged 101.7 million in the fourth quarter, reflecting 39% growth compared to the previous year, but analysts per street count missed 103.1 million calls I did. Separately, Reddit broke analyst expectations on the top and bottom line in the fourth quarter. Trade Desk – Advertising technology stocks plummeted 25% after recording $741 million in revenue in the fourth quarter. This was below the $759 million consensus forecast from analysts voted by LSEG. Current revenue guidance was also weak. Meanwhile, the company scored 59 cents per share, beating street estimates excluding items at 3 cents per share. Robinhood – Digital Finance Platform increased 13% to revenues exceeded expectations for the fourth quarter. Robinhood reported $10.1 billion over three months, surpassing the consensus estimate from analysts surveyed by LSEG. Applovin – App Technology Stock surged 20% after breaking Wall Street forecasts for the fourth quarter and providing revenue guidance for the current quarter. Applovin won $1.73 on revenues of $1.73 per share, while analysts voted by LSEG supplied pencils at $1.24 per share and revenues of $1.26 billion. Dutch Brothers – The coffee shop chain rose 19% after fourth quarter revenue and store sales exceeded expectations. The Dutch brothers earned 7 cents per share, excluding items, earnings of $343 million. Analysts were hoping the Oregon-based company would earn just two cents on each share, $318 million in revenue. The Dutch Brothers also issued an optimistic full-year revenue outlook. Quick – Cloud platform providers fell around 16% due to weak year-round guidance. Analysts voted by LSEG had expected a profit of 4 cents per share, but have seen a loss of 15 to 15 cents per share over the period. The company also recorded a 3 cent per share loss in the fourth quarter, broader than analyst consensus estimates. MGM Resort – Resort and casino operators scored 8% after recording revenue of $435 billion in the fourth quarter. This is better than the consensus estimate of $4.27 billion per LSEG. Equinix – Data Center Stock decreases by 2%. According to LSEG, Equinix increased its quarterly cash dividend by 10% per share to $4.69, bringing its quarterly cash dividend to $4.69, matching it to $4.69. – CNBC’s Darla Mercado contributed the report.
Stocks that make the biggest moves outside of business hours: RDDT, Food, Brothers, MGM
