Check out the companies making headlines in extended trading. SolarEdge — The solar stock cratered 23% after SolarEdge posted a dismal third-quarter report and outlook for the current quarter’s revenue. SolarEdge lost 55 cents per share, excluding items, while analysts polled by LSEG, formerly known as Refinitiv, forecast a gain of 89 cents per share. Revenue also underwhelmed in the quarter, with the company posting $725 million against a $768 million consensus estimate. The company guided revenue for the current quarter to between $300 million and $350 million, well under the $688 million anticipated by analysts. Qualcomm — Shares of the wireless tech company jumped 3.6%. Qualcomm surpassed analysts’ estimates in its fiscal fourth quarter, reporting adjusted earnings of $2.02 per share on revenue of $8.67 billion. Analysts polled by LSEG anticipated earnings of $1.91 per share and revenue of $8.51 billion. Etsy — The online marketplace’s shares tumbled 3%. CEO Josh Silverman warned of a challenging outlook for discretionary spending, saying “this volatile macro climate will make it challenging for us to grow this quarter.” Etsy beat analysts’ estimates for earnings in the third quarter but fell short of Wall Street’s expectations on revenue. Electronic Arts — The gaming stock climbed 3.5% after beating analysts’ consensus forecasts for net bookings in the fiscal second quarter. Electronic Arts also issued guidance for the current quarter and full year that was largely in line with expectations. Roku — Shares of the streaming video company jumped 16% after Roku’s third-quarter revenue topped expectations. The company generated $912 million of revenue, compared to the $855 million predicted by Wall Street analysts, according to LSEG. Roku’s fourth-quarter guidance for revenue and a key profitability metric also topped expectations, according to Street Account. DoorDash — The food delivery stock popped 7% in extended trading. DoorDash reported a loss…
2023-11-01 17:13:00
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