A key is in front of a computer screen with the Airbnb logo in Ankara, Turkey, November 22, 2023.
Dilara Irem Sankar | Anadolu | Getty Images
Check out the companies making headlines in the advanced trading space:
Airbnb — The hotel company issued disappointing guidance, sending shares down 8%. Airbnb said second-quarter revenue would range from $2.68 billion to $2.74 billion, but analysts were forecasting $2.74 billion per LSEG. The company beat the top and bottom lines for the first quarter.
Robin Hood — Shares of the retail investment firm jumped about 6% after the company’s first-quarter report beat Wall Street estimates. Robinhood reported earnings of 18 cents per share on revenue of $618 million, while analysts polled by LSEG expected earnings per share of 6 cents on revenue of $549 million.
Klaviyo — Shares rose 7% after the marketing automation company posted promising revenue guidance for the second quarter. Klaviyo expects revenue for the current quarter to be between $211 million and $213 million, while analysts polled by LSEG expected $210 million.
Arm Holdings — Shares fell by 6%. The chip company posted full-year revenue forecast of $3.8 billion to $4.1 billion, while Wall Street was forecasting revenue of $3.99 billion, according to LSEG.
Equinox — The data center real estate investment fund grew by more than 11%. Equinix posted adjusted earnings before interest, taxes, depreciation and amortization of $992 million for the first quarter. Analysts polled by FactSet put the figure at $981.3 million.
AppLovin — Shares of the mobile technology company rose 10%. AppLovin reported first-quarter earnings of 67 cents per share on revenue of $1.06 billion. Analysts had forecast earnings of 57 cents per share and revenue of $974 million.
SolarEdge — Shares of the solar energy company fell almost 7%. SolarEdge reported a wider-than-expected first-quarter loss of $1.90 per share, while analysts polled by LSEG expected a loss of $1.57 per share. Revenue guidance for the second quarter was also weak: $250 million to $280 million, compared with analysts’ estimates of $306 million.