After a flurry of earnings releases, a number of stocks moved sharply in after-hours trading as investors digested reported results and forward guidance. Below is a company-by-company account of the most significant movers and the specific figures that accompanied their post-report trading.
Notable gainers
- Pinterest (PINS) +18% - The visual discovery platform climbed after delivering what was described as a "beat and raise" quarter. Pinterest reported Q1 earnings of $0.27 per share, outpacing estimates by $0.04, and generated revenue of $1.01 billion versus a consensus of $965.44 million. Management provided Q2 revenue guidance of $1.13 to $1.15 billion, ahead of the $1.12 billion analysts' target.
- Backblaze (BLZE) +22% - Shares jumped after the company announced an earnings beat and raised its outlook. Backblaze reported revenue of $38.7 million, which surpassed the expected $37.79 million.
- Paramount Skydance (PSKY) +4.6% - Investors responded positively to a solid top line; Q1 revenue totaled $7.3 billion, a 2% increase from the year-ago quarter.
- Palantir (PLTR) +1% - The data analytics firm inched higher after posting Q1 EPS of $0.33, beating the $0.28 estimate, on revenue of $1.63 billion, which topped the $1.54 billion consensus.
Significant decliners
- GeneDx (WGS) -37% - The stock plunged after management issued soft Q2 revenue guidance of $110 to $112 million, substantially below the consensus estimate of $130.3 million.
- Duolingo (DUOL) -13% - Despite beating headline estimates for the quarter, the language-learning app fell after providing Q2 bookings guidance of $283.5 million, which missed the $288.4 million consensus.
- Fabrinet (FN) -10% - Shares retreated even though the company reported solid EPS and revenue; the results fell short of the high expectations that had been set before the report.
- ON Semiconductor (ON) -4% - The stock dipped in a "sell the news" type reaction despite reporting strong results and guidance, following a prior 64% run-up over the last 30 days.
For reference, an intraday snapshot of several tickers and percentages included: DUOL-0.82% FN+1.41% ON-0.92% PINS+3.14% PLTR+1.47% WGS+3.89% BLZE+4.72%.
Market product note
The market wrap included a featured investment product section that asked whether an investor should place $2,000 into DUOL at the present time. It described a system called ProPicks AI that evaluates DUOL alongside thousands of other companies each month using "100+ financial metrics" to identify stocks with favorable risk-reward profiles. The note stated the AI is used to surface ideas and referenced past winners cited as Super Micro Computer (+185%) and AppLovin (+157%). The product copy invited readers to check whether DUOL appears in any ProPicks AI strategies or whether there are alternatives within the same space.
Takeaway
After-hours trading reflected a mix of upside from beat-and-raise scenarios and downside from conservative guidance or results that fell short of elevated expectations. Movements were driven by specific company-level details including EPS and revenue beats, forward guidance ranges, and guidance misses.