Investors paid attention to the companies making headlines in extended trading.Robinhood's stock price decreased 4.7% due to its declaring adjusted earnings of 3 cents for the second quarter, which is contrary to the analysts' polled by Refinitiv that projected a loss of 1 cent. The number of monthly active users came in at 10.8 million, while analysts expected 11.2 million, per StreetAccount.related investing newsUber's stock dropped after its mixed second-quarter results. Here's what the pros are sayingChristina Falsoa day agoEtsy's stock decreased almost 6% in response to its guidance on third-quarter revenue, which was beneath the analysts' anticipated amount. Its projected revenue is between $610 million and $645 million, whereas analysts predicted $632 million, as per Refinitiv.DoorDash's stock rose 4.6% due to the company reporting second-quarter revenue of $2.13 billion, which exceeded the analysts' projection of $2.06 billion, as per Refinitiv. Nevertheless, DoorDash posted a greater-than-expected loss of 44 cents per share, while analysts anticipated a loss of 41 cents per share.Qualcomm's shares dropped 7% following the company's third-fiscal quarter's revenue being fewer than expected. Qualcomm declared adjusted revenue of $8.44 billion, while analysts predicted by Refinitiv expected $8.5 billion. Its outlook for the fourth quarter was also faint.Zillow's stock price reduced 2% as a result of the company furnishing disappointing guidance for the third quarter. Zillow anticipates revenue of $458 million to $486 million, whereas analysts surveyed by FactSet are calling for revenue of $488.1 million.Qorvo's stock increased 3.7% due to the company surpassing analysts' earnings expectations. Qorvo declared fiscal first-quarter earnings of 34 cents per share, excluding items, on revenue of $651 million. Analysts polled by FactSet called for 15 cents per share in earnings and revenue of $640.3 million.Clorox's stock price increased 7% after significantly outstripping earnings expectations. The company posted adjusted earnings of $1.67 per share on $2.02 billion in revenue, while analysts polled by Refinitiv expected earnings of $1.18 per share and revenue of $1.88 billion.Tripadvisor's shares grew 4%. The company reported revenue of $494 million in the second quarter, which went beyond the Refinitiv analysts' anticipated figure of $473 million.MGM Resorts' stock plummeted 5%, even though the company posted beats on both the top and bottom lines in the second quarter. MGM reported adjusted earnings of 59 cents per share on $3.94 billion in revenue, as compared to the Refinitiv analysts' expectations of 54 cents per share in earnings and revenue of $3.82 billion.PayPal's shares dropped nearly 6% due to the company's earnings being the same as the Refinitiv analysts' predictions. The payments service declared adjusted earnings of $1.16 per share, which met analysts' estimates. Revenue came in larger than anticipated, with PayPal posting $7.29 billion, whereas analysts' estimates were $7.27 billion.Unity Software's stock rose about 5% after surpassing analysts' estimates for revenue in the second quarter. The software provider submitted $533 million in revenue, while Refinitiv analysts sought $518 million.— CNBC's Darla Mercado added reporting.
Comments