After-hours movers: Cloudflare gains; Pinterest and Expedia sink
After-Hours Stock Movers:
Pinterest (NYSE: PINS) declined 15% after reporting fourth quarter revenue that trailed estimates. Monthly active users were strong but average revenue per user was weaker than thought.
Expedia (NASDAQ: EXPE) declined 12% after reporting revenue and EPS that were about in-line with consensus. Cash flow was worse than expected. It also named a new CEO.
Affirm Holdings (NASDAQ: AFRM) declined 16% despite reporting better than expected revenue last quarter. Guidance for 2024 gross merchandise volume may have disappointed investors.
Cloudflare (NYSE: NET) shares gained 14% after its fourth quarter results beat estimates. Its guidance for the first quarter and year were solid overall.
BILL Holdings (NYSE: BILL) gained 12% after easily beating EPS and revenue estimates last quarter. It also raised full year guidance.
Doximity (NYSE: DOCS) declined 7% despite reporting strong quarterly results. Revenue guidance for its fiscal fourth quarter trailed estimates.
Motorola Solutions (NYSE: MSI) declined 5.5% after its quarterly report was published. Performance wasn't bad but full year EPS guidance misses consensus at the midpoint.
Take-Two Interactive Software (NASDAQ: TTWO) declined 4.6% after it issued bookings guidance that fell short of what Wall Street analysts had expected.
By Louis Juricic
