Stocks making the biggest moves after hours: Delta Air Lines, Oracle, Asana and more
Check out the companies making headlines in after-hours trading: Delta Air Lines — Shares of the airline operator slid about 14%. The company dialed back its forecast for the first quarter, citing “the recent reduction in consumer and corporate confidence caused by increased macro uncertainty.” Delta now sees year-over-year revenue growth of 3% to 4% for the period, down from a projected increase of 7% to 9%. The company also dialed back its earnings outlook to 30 cents to 50 cents per share, compared to an earlier forecast of 70 cents to $1 per share. Oracle — The cloud computing stock gained 3%. Oracle announced it was raising its quarterly dividend by 25% to 50 cents per share. Separately, fiscal third-quarter results missed Wall Street’s expectations on the top and bottom lines. Asana — Shares plunged more than 25% after CEO Dustin Moskovitz announced he is going to retire . The company also issued weak guidance. Asana expects first-quarter revenue of between $184.5 million and $186.5 million, below the $191 million analysts were expecting, according to LSEG. Meanwhile, the company anticipates full-year revenue will come in at $782 million to $790 million, while analysts had estimated $803.5 million. Redfin — Shares of the real estate company pulled back more than 3%, giving back some of Monday’s nearly 68% gain. On Monday, Redfin announced Rocket Companies will acquire the company in an all-stock $1.75 billion deal , which is expected to close in the second or third quarter of this year. Vail Resorts — The stock gained more than 4% on the heels of its better-than-expected fiscal second-quarter earnings report. Vail reported earnings of $6.56 per share, above the $6.31 per share that analysts surveyed by LSEG had sought. Revenue for the period came in line with expectations at $1.14 billion. — CNBC’s Darla Mercado contributed reporting.
