Check out the companies making headlines in after-hours trading. Paramount Global – The media company jumped 5.7% after posting big earnings for the second quarter, reporting earnings of 54 cents per share while analysts polled by LSEG were calling for 12 cents per share. Paramount’s revenue of $6.81 billion for the period was less than the estimated $7.21 billion, however, making it the company’s biggest loss compared to analyst estimates since February 2020. Paramount also announced it will cut 15% of its US workforce as part of higher costs. many. – cutting plans ahead of the merger with Skydance Media. Expedia – Shares fell 2.2% after Expedia said it was seeing a more challenging macroeconomic environment and lower travel demand in July. The online travel company beat expectations, but reported earnings of $3.51 per share on revenue of $3.56 billion, while analysts polled by LSEG called for earnings of $3.06 per share on revenue of $3.53 billion. Unity Software – Shares shed 4.6% after the video game software development company beat Wall Street earnings and revenue expectations, but predicted third-quarter profit below estimates, seeing a range of $415 to $420 million compared to expectations of $458 million. Unity reported a loss of 32 cents per share on $449 million in revenue for the second quarter, while analysts polled by LSEG expected a loss of 42 cents per share on revenue of $440 million. Take-Two Interactive Software – The video game maker gained 4.8% after posting earnings of 5 cents per share in the second quarter, when analysts surveyed by FactSet had expected 2 cents per share. Take-Two missed revenue for the quarter, but reported $1.22 billion while estimates called for $1.25 billion. Take-Two reiterated its full-year earnings and bookings expectations. Elf Beauty – The beauty products retailer fell more than 5.8% after posting cautious guidance, although the company beat analysts’ monthly estimates on both the top and bottom lines as sales rose 50%. Elf reported adjusted earnings per share of $1.10, above analysts’ expectations of 84 cents, according to LSEG. Revenue came in at $324 million for the second quarter compared to estimates of $305 million. Doximity – The digital health platform rose 25% after fiscal first-quarter earnings excluding one-time items came in at 28 cents per share, above the Street consensus of 22 cents, according to FactSet. Forward revenue and adjusted EBITDA guidance for the second quarter and full year were also high. Capri Holdings – The parent of Michael Kors fell 4.2% in after-hours trading, dragged down by disappointing quarterly results. The fashion company posted earnings of 4 cents per share on revenue of $1.07 billion, while analysts polled by LSEG called for earnings of 59 cents per share on revenue of 1.16 billion dollars. Trade Desk – The ad-buying platform advanced 5% after posting second-quarter earnings of 39 cents per share, excluding items, beating analysts’ expectations of 36 cents per share, according to FactSet. Revenue was $585 million for the period, also beating analysts’ forecasts of $578 million. Sweetgreen – The salad chain is up almost 20%. Sweetgreen reported second-quarter earnings of $184.6 million, which topped analysts’ estimates of $181 million, according to LSEG. Revenue guidance for the full year was $670 million to $680 million, compared to the consensus estimate of $674 million. Insulet – The maker of insulin delivery systems fell 1%, although Insulet’s revenue in the second quarter came in at $488.5 million, compared to the $463.5 million analysts expected, according to LSEG. Akamai Technologies – The cloud company added 3% after second-quarter results beat analysts’ estimates. Akamai reported adjusted earnings of $1.58 per share on revenue of $980 million, while the Street called for $1.53 per share in earnings and $977 million in revenue, according to LSEG. The company also raised its full-year guidance for adjusted earnings. DXC Technology – The northern Virginia-based IT services provider rallied 12% after hours. Fiscal Q1 EPS ex items of 74 cents beat analysts’ estimates of 58 cents, while revenue of $3.24 billion topped expectations of $3.14 billion, FactSet said. EPS guidance for the current quarter and full year also exceeded what the Street had forecast. – Darla Mercado and Scott Schnipper contributed reporting.
Stocks making the biggest moves after hours: PARA, EXPE, ELF
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