Check out the companies making the biggest moves after the bell: SpaceX — The Elon Musk-led rocket company fell 7% after releasing its first quarterly report since going public in June . SpaceX reported capital expenditures of $18.37 billion in the second quarter, largely driven by artificial intelligence and up 550% from the year-ago period. Second-quarter revenue came in at $7.81 billion, topping an LSEG consensus of $6.93 billion. It also lost 9 cents per share, though it wasn’t clear if that was comparable to an estimate of a 26 cent-per-share loss. Arista Networks — Shares gained 11% after second quarter results surpassed estimates. Adjusted earnings came in at $1.02 per share on revenue of $3.04 billion, versus the LSEG consensus estimate of 88 cents a share and $2.82 billion. Non-GAAP operating margins also beat estimates, as did third quarter guidance for profit and revenue. AMD — The chipmaker plunged 8% after the bell on the back of second-quarter results that failed to impress investors. The company earned an adjusted $1.66 per share on revenue of $11.54 billion. To be sure, those numbers were slightly ahead of LSEG consensus estimates. Q3 revenue guidance was about in line with expectations at $13 billion. Wynn Resorts – The casino operator saw shares jump 7%. Second quarter adjusted earnings came in at $1.24 per share on revenue of $1.86 billion, beating the LSEG consensus call for $1.11 per share and $1.84 billion. Astera Labs – The semiconductor company wiped earlier gains and was last trading lower by 4%. The decline came even as third quarter guidance Wall Street’s estimates. Astera sees adjusted earnings ranging from $1.16 to $1.21 per share and revenue of $540 million to $560 million. Analysts polled by FactSet were looking for 81 cents per share and $417 million. The company also beat on the top and bottom lines in the latest quarter. Kratos Defense & Security Solutions — The maker of unmanned systems for the military rose as much as 8% postmarket before paring that advance. Second-quarter revenue beat Wall Street analysts’ estimates in all segments. Pinterest – The image-sharing platform slid 8% after guidance failed to impress traders. Third quarter revenue is expected to range between $1.19 billion and $1.21 billion, inclusive of the FactSet consensus estimate of $1.2 billion. Second quarter results beat estimates on the top and bottom lines, however. DaVita — Shares fell over 6% despite the kidney dialysis provider reporting better-than-expected results for the second quarter. Full-year earnings guidance ranged from $14.10 to $15.20 per share on an adjusted basis, compared to the FactSet consensus call for $14.88 per share. Teradata — The cloud data analytics provider slumped 17% after third-quarter earnings guidance of 55 to 59 cents per share excluding one-time items trailed a Wall Street consensus estimate of 62 cents, according to FactSet data. Booking Holdings — The online travel site advanced more than 5% after second quarter gross bookings came in at $51 billion, surpassing the Street’s estimate of $49.35 billion. Adjusted earnings of $2.54 per share and revenue of $7.35 billion topped the LSEG consensus call for $2.45 per share and $7.19 billion. — CNBC’s Ananya Chetia and Scott Schnipper contributed reporting.
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Wednesday, August 5
