People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017.
Brendan McDermid | Reuters
Check out the companies making headlines after the bell:
Roku – Shares of the streaming company jumped 5% in extended trading after the company reported better-than-expected fourth-quarter results that beat on the top and bottom line. The company reported a loss of 13 cents per share on revenue of $411 million while analysts expected a loss of 14 cents per share on revenue of $392 million, according to Refinitiv. Roku also added nearly 10 million active accounts during 2019, totaling 36.9 million active accounts on its video streaming platform at year-end, according to data released by the company.
Nvidia – Shares of the semiconductor company climbed 6% in extended trading after the company reported strong fourth-quarter results that beat analysts’ estimates. The company reported earnings of $1.89 per share excluding some items on revenue of $3.11 billion, while analysts expected earnings of $1.67 per share on revenue of $2.97 billion, according to Refinitiv. Nvidia reduced its revenue outlook for the first quarter of 2021 by $100 million due to the coronavirus.
Expedia – The travel company’s stock surged 10% in extended trading after the company reported financial results that beat on the bottom line. Expedia reported a quarterly profit of $1.24 per share while analysts expected $1.19 per share. Revenue came below Wall Street estimates, however, with the company reporting $2.75 billion and analysts expecting $2.76 billion, according to Refinitiv. Expedia, which announced a major leadership shakeup in December 2019, said in a release that changes implemented in the wake of that decision “will contribute to accelerated profit growth in our underlying business in 2020.”
Mattel – Shares of the toy company rose about 5% in extended trading after the company beat earnings expectations, reporting a fourth-quarter profit of 11 cents per share. Revenue fell below Wall Street forecasts, however, with the company reporting $1.47 billion while analysts expected $1.50 billion, according to Refinitiv. Sales in the North America segment decreased 1% driven by a decline in dolls, infant, toddler, and preschool toys, according to its press release.
Yelp – The review company’s stock dropped 5% in extended trading after the company reported weaker-than-expected fourth-quarter financial results that missed analysts’ estimates. The company reported earnings of 24 cents a share on revenue of $269 million while analysts expected earnings of 26 cents a share on revenue of $274 million, according to Refinitiv. The company also announced an additional $250 million stock repurchase and a new CFO.
Pinterest – The mobile application company’s stock fell 3% in extended trading after Facebook released a similar app called Hobbi. The app was first released in Colombia, Belgium, Spain, and Ukraine. Hobbi was developed by Facebook’s New Product Experimentation team, a unit launched by the company in July to develop consumer-focused apps.
CarGurus – The Cambridge-based automotive website’s stock fell 18% in extended trading despite reporting strong fourth-quarter results that beat analysts’ estimates. The company reported 17 cents per share excluding certain items on revenue of $158 million while analysts expected 14 cents per share on revenue of $154 million, according to Refinitiv. The company gave weaker-than-expected first-quarter and fiscal-year guidance on both the top and bottom line, according to FactSet.
eBay – Shares of the e-commerce giant climbed 2% in extended trading after the company announced the completion of the $4.05 billion StubHub sale and updated its guidance for the first quarter and full-year. The company also said it is expanding its 2020 share buyback from $1.5 billion to $4.5 billion.
Arista Networks – Shares of the cloud network company dropped 9% despite reporting fourth-quarter financial results that beat expectations, according to FactSet. Arista reported fourth-quarter earnings of $2.29 per share excluding some items and revenue of $552.5 million, while analysts expected earnings of $2.09 and revenue of $551.3 million, according to FactSet. Arista also announced the acquisition of BigSwitch Networks, though terms of the deal were not laid out in the press release announcing the move.
CNBC’s Chris Eudaily contributed to this article.
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