Check out the companies making headlines in after-hours trading. Lucid Group — Shares of the electric vehicle maker fell more than 4%. In the fourth quarter, Lucid posted a wider-than-expected loss of $3.62 per share, despite revenue growth that topped estimates. Lucid also recently cut its U.S. workforce by 12%. Workday — Workday shares dropped nearly 10% after the AI-powered workplace platform said it sees first-quarter subscription revenues coming out at $2.34 billion, just lower than analysts’ forecast of $2.35 billion, per LSEG. The company also gave disappointing non-GAAP operating margin estimates for its first quarter. CoStar Group – Shares of the online real estate marketplace provider fell 8%. Guidance for the first quarter fell short of expectations, as CoStar called for adjusted earnings in the range of 16 cents to 19 cents per share. The FactSet consensus estimate sought 25 cents per share. Cava Group — Shares of the Mediterranean restaurant chain jumped 8% after its fourth-quarter results and its fiscal 2026 outlook topped estimates. Cava earned 4 cents a share on revenue of $275 million, while analysts surveyed by LSEG anticipated earnings of 3 cents per share on revenue of $268 million. The company also reported full-year revenue of more than $1 billion for the first time. Looking ahead, Cava expects sales at restaurants open at least a year will rise between 3% and 5% in 2026. First Solar — Shares of the solar technology company slid 11% on the back of weak fourth-quarter earnings results and full-year guidance. First Solar earned $4.84 per share for the quarter, while analysts polled by LSEG expected $5.15 per share. Revenue came out at $1.68 billion, beating analysts’ consensus expectation of $1.56 billion, however. For the full year, First Solar guided revenue to come out between $4.9 billion and $5.2 billion, significantly lower than the $6.12 billion expected. Marqeta – The credit card service company saw shares fall 6%. Marqeta’s forecast for full-year revenue growth underwhelmed Wall Street, as the company called for a 12% to 14% increase on a year over year basis. The FactSet consensus estimate anticipated growth of 17.6%. MercadoLibre — Shares of the Uruguay-based e-commerce company rose about 2%. MercadoLibre’s fourth-quarter earnings came out below analysts’ forecast, but its net revenues of $8.76 billion exceeded the $8.47 billion estimate, according to FactSet. Axon Enterprise — The maker of the Taser electroshock weapon surged 15%. Axon says that it sees 2026 revenue growth ranging from 27% to 30% on a year-over-year basis, while analysts called for an increase of 25.8%, per LSEG. Fourth-quarter adjusted earnings of $2.15 per share and revenue of $797 million surpassed estimates of $1.60 per share and $755 million. — Christina Cheddar-Berk and Darla Mercado contributed reporting.
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Wednesday, August 12
