The Airbnb logo is seen on a small mini pyramid under the glass pyramid of the Louvre Museum in Paris, France, March 12, 2019.
Charles Platiau | Reuters
Check out the companies making headlines after the bell:
Airbnb — Airbnb shares plunged nearly 11% despite a beating on the top and bottom results. The company shared a weaker-than-expected outlook for the second quarter and warned of lower year-over-year comparables.
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Twilio – Twilio shares fell 12.5% after providing a softer-than-expected guidance for the current quarter. The company posted a slight decline in revenue.
Rivian — The stock of electric vehicles gained more than 5% in extended trading. Rivian reported a loss lower than expected and earnings exceeded Wall Street expectations. The company also reaffirmed its goal of producing electric vehicles.
western oil – The oil giant lost 1.3% after hours on earnings slightly below Wall Street expectations, according to FactSet. Earnings also fell from a year ago due to lower oil prices.
Akamai Technologies – Stocks added 4.7% in extended trading on strong first-quarter earnings. The cloud company also raised its full-year guidance and shared strong cybersecurity revenue.
Wynn Resorts — Shares of the hotel and casino operator last traded flat after hours following the company’s quarterly results. Wynn posted earnings and revenue above consensus expectations, according to Refinitiv. CEO Craig Billings highlighted the “significant return of visitation and demand” to Macau.
Grill — The cloud-based catering software provider jumped 7.4% in extended trade. Toast posted a bigger-than-expected first-quarter loss, according to FactSet, but topped Wall Street revenue estimates. Second-quarter and full-year forecasts were also better than expected.
To assert —Buy Now Pay Later shares fell more than 7% despite sharing a lower-than-expected loss and a revenue overrun. Losses for the quarter, however, tripled from a year ago. Affirm shared better-than-expected guidance for its fourth fiscal quarter.
electronic arts – The games software maker saw its shares rise in extended trading after reporting better-than-expected revenue for its fourth quarter, according to Refinitiv, in a mixed financial results update. EA also posted a loss of 4 cents per share, although this figure is not comparable to analysts’ estimates.
Reached – Upstart shares jumped 50% after the AI loan company reported a smaller-than-expected loss for the last quarter. The company reported an adjusted loss of 47 cents per share. Analysts polled by Refinitiv had expected a loss of 81 cents per share.
– CNBC’s Tanaya Macheel contributed reporting