Stocks making the biggest moves after hours: Etsy, Booking Holdings, eBay and more

Stock Market

The Etsy website
Gabby Jones | Bloomberg | Getty Images

Check out the companies making headlines in midday trading.

Etsy — Shares of the e-commerce company plunged by more than 12% after Etsy’s revenue guidance for the second quarter came in lighter than anticipated. The company CFO also said on the earnings call that “consumers have less disposable income and many more places to spend it,” which “creates a short-term headwind for sales.”

Booking Holdings — Shares of the travel booking site operator jumped 8.2% in extended trading Wednesday after the company posted big beats on revenue and adjusted EBITDA for the first quarter. It also reported $27 billion in gross bookings for the quarter, the highest quarterly amount in the company’s history. Management said on the earnings call it’s preparing for a busy summer travel season.

eBay — The online marketplace’s shares fell 5.8% following the company’s quarterly earnings. Ebay posted a slight first-quarter revenue beat, but issued weaker than expected earnings and revenue guidance for the second quarter and for the full year.

Cognizant — The information technology company saw shares drop 4.5% after hours following its quarterly earnings report. Cognizant brought in revenue of $4.83 billion, in line with estimates, according to FactSet. However, it issued weaker-than-expected earnings and revenue guidance for the second quarter and the full year.

Twilio — The customer engagement tech company’s shares gained 1.5% after Twilio posted revenue of $875.4 million for the first quarter, which was greater than the $864.2 million expected by analysts, according to FactSet.

Products You May Like

Articles You May Like

Fed bans former Golden Pacific investor from banking industry
Mining Ban Sparks Negative Reactions From Iran’s Crypto Community
Crypto Stories: YouTuber Paco de la India explains his travels using Bitcoin
G7 aims to hurt Russia with price cap on oil exports
Community reacts after SEC’s Gensler affirms BTC’s commodity status

Leave a Reply

Your email address will not be published.