economy
Stocks making the biggest moves after hours: Akamai Technologies, Expedia, Lyft, Texas Roadhouse and more
See which stocks are posting big moves after the bell.
TL;DR
- Gen Digital's stock rose 8% after providing revenue guidance that exceeded analyst expectations and reporting a fiscal fourth-quarter beat.
- Akamai Technologies surged 25% following a $1.8 billion commitment for its Cloud Infrastructure Services and a first-quarter adjusted earnings beat.
- Trade Desk plummeted 14% after its current-quarter revenue guidance fell short of analyst expectations.
- Expedia shed 8% as its second-quarter revenue guidance was slightly below analyst anticipation and first-quarter booked room nights missed expectations.
- Lyft fell 2% despite exceeding revenue expectations, as its first-quarter earnings missed analyst estimates.
- Gilead Sciences shed 3% after revising its full-year adjusted loss guidance significantly downward.
- Texas Roadhouse popped 6% after reporting first-quarter earnings that exceeded estimates and showing positive same-store sales growth.
- Toast slid nearly 9% after its second-quarter adjusted EBITDA guidance fell short of estimates.
- Block climbed about 8% after guiding for second-quarter and full-year adjusted earnings that surpassed consensus estimates.
- Coinbase Global shed 5% after posting a surprise first-quarter loss and missing revenue estimates.
- Cloudflare plunged 14% after announcing plans to reduce its headcount by approximately 1,100 people.
- JFrog popped 17% after its full-year earnings forecast beat estimates and second-quarter guidance surpassed expectations.
- SoundHound AI slid 11% after reporting wider-than-anticipated adjusted losses for the first quarter.