Stocks making the biggest moves after hours: AppLovin, Arm Holdings, Flutter Entertainment, Fortinet and more
Check out the companies making headlines in after-hours trading. AppLovin – The AI-powered marketing platform saw shares rallying 13% in extended trading after the company reported stronger-than-expected quarterly results. AppLovin’s posted an EPS of $1.67, higher than an LSEG consensus estimate of $1.45 per share. Revenue of $1.48 billion also came in above expectations. The company also announced it’s selling its mobile gaming business to Tripledot Studios for consideration of $400 million in cash and an approximately 20% ownership stake in Tripledot common equity. Arm Holdings – U.S. traded shares of the chip designer slid 9% after the company’s guidance failed to impress Wall Street . Arm sees fiscal first-quarter adjusted earnings ranging from 30 cents to 38 cents a share, while FactSet consensus estimates sought 42 cents per share. Guidance on revenue for the period ranged from $1.00 billion to $1.10 billion, while estimates called for $1.10 billion. The outlook overshadowed beats on the top and bottom lines in the fiscal fourth quarter. Skyworks Solutions – The semiconductor stock dropped 4% even after the company reported stronger-than-expected earnings for the fiscal second quarter. Skyworks posted adjusted earnings of $1.24 per share on $953 million in revenue, above the $1.20 per share and $952 million in revenue that analysts surveyed by LSEG were expecting. The company also forecast upbeat earnings for the third quarter. Avis Budget – Shares gained about 2%. The car rental reported a negative adjusted EBITDA of $93 million compared to the loss of $123.1 million that analysts polled by FactSet were expecting. The company’s revenue of $2.43 billion for the quarter missed the consensus estimate of $2.49 billion, however. Bumble – The dating app soared more than 8% despite reporting flat user growth in the first quarter. Revenue during the period fell about 8% from a year ago to $247.1 million. The company also forecast second-quarter revenue of between $235 million and $243 million, which is below the FactSet consensus estimate of $243.3 million. Zillow – Shares of the real estate services company fell nearly 5% after the company warned the housing market remains challenging. Despite the decline in its share price, Zillow managed to top estimates in the first quarter, with adjusted earnings of 41 cents a share on revenue of $598 million. It was the company’s first profitable quarter since 2022. For 2025, Zillow expects revenue to grow at a low- to mid-teen pace. Flutter Entertainment – Shares of the online sports betting company slid nearly 2%. Flutter posted first-quarter adjusted earnings of $1.59 per share on revenue of $3.67 billion. That fell short of analysts’ call for $1.89 per share in earnings and $3.84 billion in revenue, per LSEG. Fortinet – The cybersecurity stock tumbled about 11%. Guidance for the full-year’s adjusted earnings came in at $2.43 to $2.49 per share, compared to LSEG consensus estimates of $2.47 per share. The outlook, which was largely in line with expectations, overshadowed a beat on earnings for the first quarter. Carvana – Shares of the online used car marketplace slipped 1% even as Carvana posted solid first-quarter results . Carvana posted earnings of $1.51 per share on revenue of $4.23 billion, while LSEG consensus estimates called for 67 cents per share and revenue of $3.98 billion. The company sees a “sequential increase in both retail units and adjusted EBITDA” in the second quarter. H & R Block – The stock gained more than 2% after the tax preparation services company posted better earnings and revenue for the fiscal third quarter than the year-ago period. H & R Block saw adjusted earnings of $5.38 per share for the period, an almost 9% jump versus a year ago. The company also reported revenue of $2.28 billion, marking a 4% gain year over year. Dutch Bros – Shares of the coffee chain jumped 5% after first-quarter results beat estimates on the top and bottom lines, helped by an increase in both comparable sales and total shop count. Dutch Bros. reported 14 cents in adjusted earnings per share on $355 million of revenue. Analysts surveyed by LSEG had penciled in 11 cents per share on $345 million of revenue. CF Industries – The fertilizer manufacturer added 1% after posting a first-quarter earnings and revenue beat. CF Industries reported earnings of $1.85 per share on revenue of $1.66 billion, exceeding the $1.48 per share and $1.54 billion analysts had respectively sought, per FactSet. The company also authorized a $2 billion share repurchase program. Axon Enterprise – The maker of the Taser jumped more than 5%. Axon reported adjusted earnings of $1.41 per share on revenue of $604 million in the first quarter. LSEG consensus estimates sought earnings of $1.27 per share and revenue of $584 million. — CNBC’s Darla Mercado, Alex Harring, Jesse Pound, Yun Li, Christina Cheddar Berk and Lisa Kailai Han contributed reporting.
