Companies in the Spotlight After Earnings Reports
Expedia Group
The travel booking platform saw its shares soar over 15% in after-hours trading following impressive second-quarter earnings and revenue that surpassed forecasts. The company also raised its full-year guidance for bookings and revenue.
Block
Shares of the parent company of Cash App increased nearly 7% after it updated its guidance for full-year gross profit, now projected at $10.17 billion, up from $9.96 billion.
Akamai Technologies
The cloud computing firm experienced a 3% rise in shares after it raised its full-year guidance, projecting adjusted earnings between $6.60 and $6.80 per share. This is an increase from the previous estimate of $6.10 to $6.40 and exceeds the FactSet consensus of $6.30.
Texas Roadhouse
Shares of the restaurant chain dipped over 2% as the company reported second-quarter earnings per share of $1.86, falling short of the expected $1.90. However, revenue totaled $1.51 billion, slightly exceeding the anticipated $1.50 billion.
Maplebear (Instacart)
Instacart’s shares rose by more than 10% after releasing second-quarter results that surpassed market predictions. The company reported earnings of 41 cents per share on $914 million in revenue, compared to analysts’ expectations of 38 cents and $896 million, respectively.
Solventum and Synaptics
Health-care company Solventum’s shares jumped by 4% after reporting adjusted earnings and revenue that exceeded forecasts, leading to an increase in its full-year earnings guidance. Meanwhile, Synaptics saw over a 2% increase following its fiscal fourth-quarter results, reporting adjusted earnings of $1.01 per share on $282.8 million in revenue, surpassing expectations.
Yelp and Sweetgreen
Yelp’s shares dropped 3% after narrowing its full-year revenue guidance to between $1.465 billion and $1.475 billion, lower than the consensus estimate. In contrast, Sweetgreen’s shares plunged 23% after it reported second-quarter earnings and revenue that fell short of expectations, forecasting full-year revenue below market predictions.
