Check out the companies making headlines in after-hours trading. Block — Payment company Block announced on Thursday that it’s letting go of more than 4,000 employees, or about half of its headcount, leading shares to pop 24% in extended trading. Zscaler — Shares of the cloud security company fell nearly 10%. Zscaler’s deferred revenue for the second quarter came in at $2.36 billion, while the StreetAccount consensus sought $2.45 billion. Billings also missed the mark, landing at $819.8 million, while analysts were looking for $893.3 million. Monster Beverage — Shares of the energy drink maker dropped about 3%. Monster Beverage’s fourth-quarter operating margin of 29% fell slightly short of the 29.8% consensus estimate, per StreetAccount. The company reported adjusted earnings of 51 cents per share on $2.13 billion in revenue, beating the expected 48 cents per share on $2.04 billion in revenue, however. Dell Technologies — Dell shares jumped 10% on the back of strong fourth-quarter results. Dell earned $3.89 per share, on an adjusted basis, for the period, while analysts polled by LSEG expected $3.53 per share. The company’s revenue of $33.38 billion also exceeded analysts’ estimate of $31.73 billion, per LSEG. Rocket Lab — The space company’s stock price slid roughly 4%. The company called for an adjusted loss before interest, taxes, depreciation and amortization of $21 million to $27 million in the first quarter. That is wider than the forecast loss of $17 million, per FactSet. Intuit – The maker of TurboTax saw shares slide 7%. Intuit called for fiscal third-quarter adjusted earnings to range from $12.45 to $12.51 per share, missing the FactSet consensus call of $12.97 per share. The company also reaffirmed its full-year outlook, which missed Wall Street’s estimates. Autodesk – The software company saw shares jump more than 6%. Autodesk issued guidance that surpassed the Street’s estimates, calling for full-year revenue in range of $8.10 billion to $8.17 billion, while the LSEG consensus sought $7.97 billion. Top- and bottom-line results in the fourth quarter also topped expectations. Flutter Entertainment – The online sports betting stock dropped 9% after Flutter’s fourth-quarter adjusted earnings and revenue missed expectations. The company’s forecast for its full-year results also came out disappointing, with Flutter now expecting its full-year revenue to come out between $17.75 billion and $19.05 billion, lower than the $19.28 billion expected from analysts polled by FactSet. CoreWeave – Shares of the cloud infrastructure company tumbled about 9%. CoreWeave reported adjusted earnings before interest, taxes, depreciation and amortization of $898 million in the fourth quarter. That fell short of the $929.1 million anticipated by analysts polled by LSEG.
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Wednesday, March 11
