Stocks making the biggest moves after hours: Twilio, Airbnb, DraftKings, Trade Desk and more
Check out the companies making headlines after hours. Airbnb — Shares of the vacation rental company surged about 7% after Airbnb posted second quarter earnings of $1.37 per share on revenues of $3.61 billion. That outpaced the earnings of $1.25 on revenues of $3.58 billion forecasted by analysts, according to LSEG. Lyft — The ride-hailing company was marginally higher after posting second quarter revenues of $1.84 billion, beating the LSEG consensus estimate of $1.81 billion. Earnings of 13 cents per share, however, missed the 14 cents anticipated by analysts. DraftKings — Shares were down over 1.5% after the company fell short of expectations on revenue. DraftKings posted second quarter revenue of $1.44 billion, missing the $1.51 billion analysts polled by LSEG sought. The company also posted a loss of 14 cents per share, while the Street expected a profit of 2 cents a share. The digital sports entertainment and gaming company did reaffirm its guidance on adjusted EBITDA and revenue for the 2026 fiscal year. Twilio — The customer engagement platform saw shares surge about 16% on rosy projections for the current quarter. Twilio sees adjusted earnings of $1.42 to $1.47 per share on revenue of $1.51 billion to $1.52 billion. The LSEG consensus estimate sought $1.39 per share and $1.46 billion. The company also boosted its full-year revenue growth call to a range of 18% to 18.5% from 14% to 15%, also beating analysts’ forecast of 14.8% growth. Trade Desk — Shares tanked 22% after the digital advertising company posted second quarter earnings and revenue that fell below expectations. Adjusted earnings of 34 cents missed the 40 cents consensus estimate, according to LSEG. Revenue of $715 million missed the anticipated $751 million. Sweetgreen — The salad chain plunged 14% after Sweetgreen’s second quarter results disappointed analysts. Sweetgreen posted a second quarter loss of 22 cents per share on revenues of $193 million. Analysts surveyed by LSEG had expected a per-share loss of 15 cents on revenues of $195 million. Akamai Technologies — The cloud computing stock rallied 12% after Akamai Technologies beat estimates on the top and bottom lines. Akamai posted second quarter earnings of $1.59 per share, excluding items, more than the LSEG consensus of $1.57 per share. Revenue of $1.10 billion also beat the forecasted $1.09 billion. Maplebear — The grocery delivery company better known as Instacart rallied more than 8% after Instacart posted second quarter revenue of $1.04 billion, more than the LSEG consensus estimate of $1.03 billion. Earnings of 45 cents per share, however, came in below the estimated 54 cents per share. Cloudflare — The cloud cybersecurity company jumped 17% after issuing solid guidance for the full year and current quarter. Cloudflare expects adjusted earnings of 34 cents per share on revenue of $736 million to $737 million in the third quarter. That compares to the LSEG consensus call for 32 cents per share and $722 million in revenue. Second quarter results also surpassed estimates on the top and bottom lines. Dropbox — Shares of the cloud storage company fell almost 6%. Non-GAAP gross margin for the second quarter came in at 81.6%, narrowly missing the StreetAccount consensus estimate of 81.7%. Adjusted profit in the period landed at 75 cents a share, edging ahead of the LSEG consensus estimate of 74 cents per share. — CNBC’s Darla Mercado and Ananya Chetia contributed to this report.
