Several companies made headlines in extended trading recently. Yelp saw its shares slide 6% after posting light second-quarter revenue guidance. The company reported first-quarter earnings of 20 cents per share, exceeding analysts’ estimates of 6 cents per share. Revenue for the period was in line with expectations at $333 million. Sweetgreen, a salad chain, saw its shares rise 5% after reporting first-quarter revenue of $158 million, surpassing the consensus estimate of $152 million by LSEG. Earnings were not immediately comparable with estimates.
Akamai Technologies experienced a nearly 9% drop in its shares due to weak guidance for the second quarter. The company expects adjusted earnings to range from $1.51 to $1.56 per share on revenue of $967 million to $986 million. Analysts had predicted earnings of $1.63 per share and revenue of $1 billion. Array Technologies, a solar tracker tech provider, saw an 8% increase in its shares after reporting first-quarter adjusted earnings of 6 cents per share on revenue of $153.4 million, beating analyst expectations of a loss of 4 cents per share on revenue of $141.2 million.
Dropbox’s shares rose 2.5% after beating first-quarter expectations on both the top and bottom lines. The cloud storage company posted adjusted earnings of 58 cents per share on revenue of $631 million, exceeding analysts’ expectations of 50 cents per share on revenue of $629 million. Insulet, a medical device company, saw its shares fall 5% despite posting first-quarter earnings and revenue that topped expectations. The company reported earnings of 73 cents per share, higher than the expected 40 cents per share, and revenue of $441.7 million, above the anticipated $424.1 million.
Unity Software, a video game software developer, saw its shares drop 2% after posting a first-quarter loss of 75 cents per share, wider than the expected loss of 63 cents per share. However, revenue of $460 million exceeded the consensus estimate of $432 million. Gen Digital, a cybersecurity software company that owns LifeLock and Norton, saw a 5% increase in its shares after reporting fiscal-fourth quarter adjusted earnings of 53 cents per share, a 15% increase from the previous year, and revenue of $967 million, a 2% jump from the previous year. These companies experienced various fluctuations in their stock prices based on their recent financial performance.
