Check out the companies that made headlines in after-hours trading: Rivian — The electric car maker rose nearly 2% in the third quarter despite missing out on both sales and bottom line profits . Rivian posted an adjusted loss of 99 cents per share on revenue of $874 million. Analysts surveyed by LSEG had expected a loss of 92 cents per share on revenue of $990 million. Pinterest — Shares fell 11% after the social media company issued a weak outlook for fourth-quarter earnings. Pinterest guided its revenue to be between $1.125 million and $1.145 million. LSEG said the midpoint of its fourth-quarter forecast of $1.135 million was lower than analysts’ expectations of $1.143 million. The company achieved its best performance in sales and bottom line in the third quarter. BLOCK — Shares fell 2% after the fintech company reported a drop in third-quarter revenue. Block’s sales were $5.98 billion, compared to analysts’ expectations compiled by LSEG of $6.24 billion. Meanwhile, Block’s adjusted earnings were 88 cents per share, beating analysts’ estimates by 1 cent. Airbnb — The online homestay company’s stock fell nearly 3%. Airbnb’s third-quarter profit was $2.13 per share, 1 cent below consensus estimates, according to LSEG. Quarterly revenue was $3.73 billion, slightly above analysts’ expectations of $3.72 billion. Akamai Technologies — Shares fell 6% after the cloud computing company released disappointing full-year earnings guidance. Akamai said it expects adjusted earnings to be between $6.31 and $6.38 per share for the current fiscal year, with revenue between $3.966 billion and $3.991 billion. Analysts polled by FactSet expected earnings of $6.43 per share and revenue of $3.99 billion. DraftKings — This sports betting company fell 4% after its guidance missed the mark. DraftKings said fourth-quarter earnings before interest, taxes, depreciation and amortization will be in the range of $240 million to $280 million. Analysts surveyed by LSEG were looking for $340 million to $420 million. The company also missed Street expectations in the third quarter. Sweetgreen — The salad chain fell more than 10% after missing the top and bottom lines in the third quarter. Sweetgreen announced a loss of 18 cents per share, while analysts had expected a loss of 13 cents per share, according to LSEG. Sales also came in at $173 million, lower than analysts’ expectations of $175 million. Toast — The restaurant management software company’s stock rose 19% on a strong fourth-quarter outlook. Toast guided fourth quarter adjusted EBITDA between $90 million and $100 million. Analyst estimates compiled by StreetAccount were $74.8 million. Third quarter results also exceeded expectations for both revenue and bottom line. Expedia Group — The travel services company’s stock rose 3%. Expedia’s third-quarter adjusted earnings were $6.13 per share, beating analysts’ estimates of $6.04 per share based on LSEG. Revenue came in at $4.06 billion, narrowly missing analysts’ expectations of $4.11 billion. The company also announced that Chief Financial Officer Julie Whalen will be stepping down from her role. Arista Networks — The computer networking company fell 6% despite better-than-expected third-quarter results. Arista Networks reported third-quarter adjusted earnings of $2.40 per share on revenue of $1.81 billion. Analysts had expected earnings of $2.08 per share on revenue of $1.74 billion. The company’s fourth quarter earnings forecast range also exceeded expectations. Arista Networks also announced a 4-for-1 stock split. Lucid Group — The electric vehicle maker narrowly beat analyst expectations in the third quarter, rising 6%. Lucid reported an adjusted loss of 28 cents per share on revenue of $200 million in the period. Analysts surveyed by LSEG had expected a loss of 30 cents per share on revenue of $198 million. The company also reaffirmed its plans to produce approximately 9,000 vehicles this year, an increase of 6.8% compared to 2023. Capri Holdings — Jimmy Choo owner suffered a 7% loss after fiscal second-quarter results fell short of analysts’ expectations. Capri reported adjusted earnings of 65 cents per share on sales of $1.08 billion, while the Street was looking for earnings of 75 cents per share on sales of $1.18 billion, according to LSEG. Sales at Michael Kors and Versace were also lower than expected. — CNBC’s Darla Mercado, Lisa Kai-Lai Han and Alex Harring contributed reporting.
Stocks whose prices fluctuate significantly after hours: ABNB, PINS, EXPE, RIVN
