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Check out the companies making headlines in after-hours trading.
Amazon – The e-commerce giant popped more than 7% in extended trading after posting strong second-quarter results and issuing upbeat revenue guidance for the current period. Amazon reported earnings of 65 cents a share, ahead of the 35 cents expected by analysts, per Refinitiv. Revenue rose 11% during the period, and came in at $134.4 billion, ahead of the expected $131.5 billion.
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Apple — The big technology stock slid 1% as traders parsed the company’s latest financial report. Earnings per share for the fiscal third quarter came in at $1.26, above the $1.19 expected by analysts polled by Refinitiv. Revenue also came in higher than anticipated but was down about 1% on a year-over-year basis.
Booking Holdings – Shares of the online travel company advanced 9% in extended trading. For its second quarter, Booking Holdings reported adjusted earnings of $37.62 per share on revenue of $5.46 billion. Analysts polled by Refinitiv called for earnings of $28.90 per share on revenue of $5.17 billion.
Fortinet — Shares of the cybersecurity stock tumbled 17% following a mixed second-quarter report and outlook. Fortinet posted 38 cents in adjusted earnings per share on $1.29 billion in revenue. Analysts polled by Refinitiv had expected 34 cents per share on $1.3 billion. Guidance for the current quarter was similarly mixed, with forecasted earnings in line with expectations and revenue softer than Wall Street anticipated.
DraftKings — Shares of the digital gambling company popped 10% after DraftKings surpassed analysts’ estimates in the second quarter. DraftKings posted a loss of 17 cents per share on revenue of $875 million. Analysts called for a loss of 25 cents a share and $764 million in revenue, per Refinitiv.
Airbnb — Shares slid 1% after the company reported its second-quarter earnings. Airbnb posted 98 cents earnings per share on revenue of $2.48 billion. Analysts had forecasted 78 cents earnings per share on $2.42 billion in revenue, according to Refinitiv. However, the company’s nights and experiences bookings missed expectations.
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