After-hours movers: Reddit, Lyft gain; Upstart, Twilio, ZoomInfo fall
After-Hours Stock Movers:
Reddit (NYSE: RDDT) rose 15% after first quarter revenue beat estimates and it issued a strong forecast for the second quarter.
Lyft (NASDAQ: LYFT) rose 4% after bookings topped estimates and it reported a smaller loss per share than expected in the first quarter.
Upstart Holdings (NASDAQ: UPST) fell 18% after issuing disappointing guidance for second quarter revenue. The stock was briefly halted.
Rivian Automotive (NASDAQ: RIVN) fell 2% after the EV truck OEM reported a larger loss than expected in the first quarter.
Twilio (NYSE: TWLO) declined 7% despite beating Wall Street estimates on the top and bottom line in the first quarter, as guidance for the second quarter trailed estimates.
Coupang (NYSE: CPNG) fell 5% after reporting first quarter operating profit that missed estimates.
Dutch Bros Inc. (NYSE: BROS) rose 7% after beating estimates and raising guidance. Results were strong across the board.
Electronic Arts (NASDAQ: EA) fell 3.6% after bookings for its fourth quarter misses consensus and it issued a disappointing forecast.
DoubleVerify Holdings Inc. (NYSE: DV) fell 34% after issuing second quarter guidance that was well short of consensus estimates.
ZoomInfo Technologies Inc. (NASDAQ: ZI) declined despite reporting a solid start to the year, as guidance for the second quarter and full year rattled investors.