Stocks Moving After Hours: Airbnb, Super Micro, Tripadvisor, Wynn
- The latest trading data shows significant after-hours movements in stocks including Airbnb, Super Micro, Tripadvisor, and Wynn.
- Airbnb, known for its platform in rental accommodations, continues to be a major player in the travel and hospitality sector.
- Investors seem positively responsive to the changes in these companies' stock performances in extended trading.
Airbnb's latest earnings report revealed a profit of 86 cents per share, falling short of the 92 cents anticipated by analysts from LSEG. This underperformance comes as the company navigates a competitive landscape in the travel and hospitality sector. Meanwhile, Reddit's shares dipped by 2% despite the social media platform exceeding expectations in both daily active users and overall financial performance for the second quarter. Wynn Resorts reported adjusted earnings of $1.12 per share on revenue of $1.73 billion, slightly below analyst estimates of $1.14 per share and $1.75 billion in revenue. In the electric vehicle sector, Rivian Automotive's stock fell over 2% after the company reaffirmed its guidance for a $2.7 billion loss in adjusted earnings for 2024. However, Rivian's second-quarter results showed a smaller-than-expected adjusted loss of $1.13 per share, with revenue reaching $1.16 billion, surpassing forecasts. Super Micro's fiscal fourth-quarter earnings of $6.25 per share were below the expected $8.07, prompting the announcement of a 10-for-1 stock split. In contrast, Lumen Technologies reported second-quarter revenue of $3.27 billion, exceeding the $3.25 billion forecast. Instacart also outperformed expectations with earnings of 20 cents per share and $823 million in revenue, surpassing analyst predictions. Conversely, Tripadvisor's shares plummeted over 11% after reporting a revenue miss of $497 million against the expected $505 million, despite adjusted earnings exceeding estimates.