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After-Hours Trading Highlights: Key Financial Results
This article summarizes significant movements in after-hours trading for various companies following their recent earnings reports. Key results, including revenue and earnings per share, illustrate the market’s varied reactions to these financial disclosures.
Notable Declines in Cloud and Gaming Stocks
- Arista Networks: Shares experienced a 7% drop. Despite first-quarter revenue of $2.00 billion exceeding LSEG consensus of $1.97 billion, this performance did not match market expectations sufficiently. Adjusted earnings per share stood at 65 cents, surpassing the estimated 59 cents.
- Super Micro Computer: The stock fell about 5% after reporting third-quarter earnings of 31 cents per share, considerably below analyst expectations of 50 cents. Revenue also missed forecasts, landing at $4.60 billion against the expected $5.42 billion.
- Wynn Resorts: Shares decreased by 2%. The casino operator reported adjusted earnings of $1.07 per share on $1.70 billion in revenue, which did not meet the consensus estimate of $1.19 earnings per share and $1.74 billion in revenue.
- Sarepta Therapeutics: A sharp decline of 23% was observed in this biopharmaceutical stock. Although first-quarter revenue outperformed LSEG’s consensus, the company announced a reduction in its full-year revenue guidance due to operational challenges.
- Upstart Holdings: The artificial intelligence lending marketplace’s stock saw a significant plunge of 17%. Despite beating first-quarter expectations, the company’s revenue guidance for both the current quarter and year was only marginally above Wall Street estimates.
Positive Movements Among Tech and Gaming Stocks
- Advanced Micro Devices (AMD): The chipmaker saw a nearly 4% increase in stock price following robust earnings. AMD reported an adjusted earnings of 96 cents per share, exceeding the 94 cents anticipated by analysts. Revenue also outperformed forecasts at $7.44 billion versus $7.13 billion.
- Electronic Arts: This video game publisher realized a rise of 5% in its shares after surpassing fourth-quarter revenue expectations with adjusted bookings of $1.80 billion, significantly higher than the $1.56 billion analysts had estimated. EA also provided an optimistic revenue forecast for fiscal 2026.
These varied performances in the stock market underscore the divergent responses to financial results among different sectors, highlighting how companies can experience vastly different outcomes based on investor sentiment and financial performance.