SpaceX falls 7% in first post-IPO report while Arista Networks jumps 11%

Earnings
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Summary · why it matters

Several stocks made big moves in after-hours trading following quarterly earnings reports. SpaceX fell 7% after releasing its first quarterly report since going public in June, despite second-quarter revenue of $7.81 billion topping an LSEG consensus of $6.93 billion. Arista Networks gained 11% after adjusted earnings of $1.02 per share on revenue of $3.04 billion beat estimates, and third-quarter guidance also surpassed expectations. AMD plunged 8% as second-quarter results and in-line third-quarter revenue guidance of $13 billion failed to impress investors. Wynn Resorts jumped 7% after adjusted earnings of $1.24 per share on revenue of $1.86 billion beat consensus. Astera Labs wiped earlier gains and was last trading lower by 4%, even as third-quarter guidance exceeded Wall Street's estimates. Kratos Defense & Security Solutions rose as much as 8% postmarket before paring that advance, with second-quarter revenue beating estimates in all segments. Pinterest slid 8% after third-quarter revenue guidance of $1.19 billion to $1.21 billion merely met the FactSet consensus. DaVita fell over 6% despite better-than-expected second-quarter results, as full-year adjusted earnings guidance of $14.10 to $15.20 per share compared to a $14.88 consensus. Teradata slumped 17% after third-quarter earnings guidance of 55 to 59 cents per share trailed the 62-cent estimate. Booking Holdings advanced more than 5% after second-quarter gross bookings of $51 billion and adjusted earnings of $2.54 per share topped estimates.

Impact on stocks 12

Artificial Intelligence± Mixed · 4 stocks
Advanced Micro Devices Inc
AMD
▼ NegativeCapitalrelevance

Second-quarter results and in-line third-quarter revenue guidance failed to impress investors.

Arista Networks
ANET
▲ PositiveCapitalrelevance

Adjusted earnings and revenue beat estimates, and third-quarter guidance surpassed expectations.

Teradata Corp
TDC
▼ NegativeCapitalrelevance

Third-quarter earnings guidance trailed estimates, causing a 17% drop.

Astera Labs, Inc.
ALAB
▼ NegativeCapitalrelevance

Third-quarter guidance exceeded estimates but stock traded lower after earlier gains.

Consumer Discretionary · 2 stocks
Space Economy · 2 stocks
Aging Population · 1 stocks
Defense & Geopolitical Fragmentation · 1 stocks
Communication Services · 1 stocks
Pinterest Inc
PINS
▼ NegativeDemandrelevance

Third-quarter revenue guidance merely met consensus, disappointing investors and sending shares down 8%.

Materials · 1 stocks