Stocks making the biggest moves after hours: Affirm, Coinbase, Pinterest and more
Check out the companies making headlines in extended trading. Affirm — Stock in the buy now, pay later company pulled back nearly 8%. Affirm issued fiscal fourth- quarter revenue guidance ranging between $815 million and $845 million, with a midpoint of $830 million. That’s short of the consensus estimate of $841 million, per LSEG. Pinterest — The image sharing platform added more than 16%. Pinterest issued better-than-expected second-quarter guidance for revenue at the midpoint. Revenue in the first quarter also topped analysts’ estimates, landing at $855 million compared to LSEG consensus estimates for $847 million. Coinbase — The cryptocurrency exchange pulled back 3% on the heels of weaker-than-expected first-quarter revenue. Coinbase reported revenue of $2.03 billion, while analysts polled by LSEG were expecting $2.12 billion. Sweetgreen — The restaurant chain declined more than 9% after it trimmed its full-year earnings outlook. Sweetgreen called for full-year earnings before interest, taxes, depreciation and amortization of roughly $30 million, down from the earlier range of $32 million to $38 million. The new figure is short of the $33.4 million analysts polled by FactSet were seeking. Trade Desk — Shares of the digital marketing company advanced more than 13% after better-than-expected first-quarter results. Trade Desk reported earnings of 33 cents, excluding items, on revenue of $616 million. Analysts polled by LSEG were looking for 25 cents and $584 million. Microchip Technology — The semiconductor stock climbed roughly 5% after Microchip issued higher-than-expected fiscal first-quarter guidance. The firm now expects first-quarter adjusted earnings in the range of 18 cents to 26 cents per share, while analysts polled by LSEG were looking for 16 cents. Microchip’s fourth-quarter results also surpassed analyst estimates on the top and bottom lines. Monster Beverage — The energy drink company ticked down 1% after first-quarter revenue missed analyst estimates. Monster reported revenue of $1.85 billion, while analysts polled by FactSet forecast $1.98 billion.
