Advanced Micro Devices IncSecond-quarter results and in-line third-quarter revenue guidance failed to impress investors.
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.
Advanced Micro Devices IncSecond-quarter results and in-line third-quarter revenue guidance failed to impress investors.
Arista NetworksAdjusted earnings and revenue beat estimates, and third-quarter guidance surpassed expectations.
Teradata CorpThird-quarter earnings guidance trailed estimates, causing a 17% drop.
Astera Labs, Inc.Third-quarter guidance exceeded estimates but stock traded lower after earlier gains.
Booking Holdings IncSecond-quarter gross bookings and adjusted earnings topped estimates.
Wynn Resorts LimitedAdjusted earnings and revenue beat consensus, lifting shares 7%.
Space Exploration Technologies Corp. Class A Common StockFirst post-IPO report showed revenue beat but shares fell 7%, likely due to high expectations.
Virgin Galactic Holdings Inc
DaVita HealthCare Partners IncFull-year adjusted earnings guidance trailed consensus despite better-than-expected second-quarter results.
Kratos Defense & Security SolutionsSecond-quarter revenue beat estimates in all segments, driving shares up 8% postmarket.
Pinterest IncThird-quarter revenue guidance merely met consensus, disappointing investors and sending shares down 8%.
Algoma Steel Group Inc