Expedia, Cloudflare, Affirm, PepsiCo, AMC Networks, Pinterest, Take-Two, and More Movers
reported fourth-quarter adjusted earnings of $1.72 a share, beating analysts’ estimates of $1.68 but shares of the online travel agency slumped 18% after it announced that CEO Peter Kern would be replaced by Ariane Gorin, who has served in multiple roles at the company since joining in 2013, most recently as president for business. Gorin’s appointment is effective May 13.
also reported gross bookings in the quarter of $21.67 billion, up 6%, but a little shy of Wall Street estimates of $22 billion. Competitor
declined 3.4%.
surged 22% after the internet infrastructure company reported fourth-quarter adjusted earnings of 15 cents a share, up from 6 cents a year earlier and ahead of analysts’ expectations of 12 cents. Revenue rose 32% to $363 million and beat estimates of $353 million as the business was “driven by robust momentum with large customers,”
said.
Fiscal second-quarter revenue at
rose 48% from a year earlier to $591 million and the lending and payments company posted a loss of 54 cents a share. Gross merchandise volume rose 32% from last year to $7.5 billion, accelerating for the third consecutive quarter, according to the company, which raised its fiscal-year forecast for gross merchandise volume to more than $25.25 billion, up $1 billion from its prior outlook. The stock was falling 9.4% on Friday after rising 10% on Thursday in the lead-up to the earnings report.
Advertisement – Scroll to Continue
reported fourth-quarter earnings adjusted earnings of $1.78 a share, beating analysts’ estimates of $1.72. Revenue of $27.9 billion fell 0.5% from a year earlier and missed forecasts of $28.4 billion. Shares of the beverages and snacks company fell 2.9%.
was down 18% after the television broadcasting and production company reported a 30% fall in revenue following a decline in subscribers.
reported fourth-quarter revenue that slightly missed Wall Street estimates and adjusted profit of 53 cents a share that exceeded expectations by 1 cent. For the first quarter,
projected revenue of $690 million to $705 million, up 15% to 17%, but with the middle of that range slightly below Wall Street consensus of $702 million. Shares of the social media site were falling 11%.
Advertisement – Scroll to Continue
reported fiscal third-quarter adjusted revenue, or net bookings, that were in line with analysts’ estimates, but the videogame publisher’s revenue guidance for the fourth quarter of between $1.27 billion to $1.32 billion missed estimates of $1.51 billion. Take-Two said it saw weakness in mobile advertising and revenue from its NBA 2K24 basketball game. The stock declined 8.1%.
reached an agreement to be acquired by
in a cash deal valued at $3.9 billion, or $133 a share. Masonite, a manufacturer of doors, rose 35% to $129.98.
was down 2.1% on Friday after ending Thursday’s session with a gain of 48% following a bullish revenue outlook and earnings that topped Wall Street expectations. The chip designer has received a boost from a faster-than-expected shift to artificial intelligence.
Write to Joe Woelfel at joseph.woelfel@barrons.com
