After-Hours Movers: PayPal Surges Following Q2 Beat, Match Melts on Miss

After-Hours Stock Movers:

Match Group (NASDAQ: MTCH) 22% LOWER; reported Q2 EPS of ($0.11), $0.68 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $794.5 million versus the consensus estimate of $804.33 million. Match Group sees Q3 2022 revenue of $790-800 million, versus the consensus of $885.2 million.

PayPal (NASDAQ: PYPL) 12% HIGHER; reported Q2 EPS of $0.93, $0.06 better than the analyst estimate of $0.87. Revenue for the quarter came in at $6.8 billion versus the consensus estimate of $6.77 billion. PayPal sees Q3 2022 EPS of $0.94-$0.96, versus the consensus of $0.97. Announced a new $15 billion share repurchase authorization.

SolarEdge Technologies (NASDAQ: SEDG) 13% LOWER; reported Q2 EPS of $0.95, $0.07 better than the analyst estimate of $0.88. Revenue for the quarter came in at $727.8 million versus the consensus estimate of $730.65 million. SolarEdge Technologies sees Q3 2022 revenue of $810-840 million, versus the consensus of $813.27 million.

Airbnb (NASDAQ: ABNB) 9% LOWER; reported Q2 EPS of $0.56, $0.11 better than the analyst estimate of $0.45. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.1 billion. Airbnb sees Q3 2022 revenue of $2.78-2.88 billion $2.77 expected.

SoFi Technologies (NASDAQ: SOFI) 8% HIGHER; reported Q2 EPS of ($0.12), $0.02 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $356.1 million versus the consensus estimate of $340.87 million. SoFi Technologies sees FY2022 revenue of $1.508-1.51 billion, versus the consensus of $1.48 billion.

Bumble Inc. (NASDAQ: BMBL) 7% LOWER; falls on weak quarter from rival Match.

Advanced Micro Devices, Inc. (NASDAQ: AMD) 5% LOWER; reported Q2 EPS of $1.05, $0.02 better than the analyst estimate of $1.03. Revenue for the quarter came in at $6.6 billion versus the consensus estimate of $6.53 billion. Advanced Micro Devices, Inc. sees Q3 2022 revenue of $6.5-6.9 billion, versus the consensus of $6.82 billion.

GXO Logistics, Inc. (NYSE: GXO) 4% HIGHER; reported Q2 EPS of $0.68, $0.06 better than the analyst estimate of $0.62. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.1 billion. GXO Logistics, Inc. sees FY2022 EPS of $2.70-$2.90, versus the consensus of $2.82. Organic revenue growth1 of 12%-16% (previously 11%-15%)

Starbucks (NASDAQ: SBUX) 2% HIGHER; reported Q3 EPS of $0.84, $0.07 better than the analyst estimate of $0.77. Revenue for the quarter came in at $8.2 billion versus the consensus estimate of $8.14 billion.

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