Stocks with the biggest gains after hours: DASH, ROKU, AMAT | Private Equity Weekly
Check out the companies making headlines in after-hours trading. DoorDash – Shares fell nearly 8% after the food delivery company reported mixed fourth-quarter results. Although revenue grew 27% to $2.3 billion, beating LSEG’s expectations, the loss of 39 cents per share exceeded expectations. DoorDash’s stock price has soared 85% in the past year, and total orders increased 23% to 574 million, above expectations of 561 million. Coinbase – Shares of the cryptocurrency exchange rose 13% in after-hours trading after the company reported fourth-quarter earnings of $1.04 per share on revenue of $954 million. Analysts had expected a loss of 1 cent per share on revenue of $822 million, according to LSEG. Applied Materials — Shares of the semiconductor equipment maker rose 11% in after-hours trading after its earnings beat estimates and the company expressed optimism about its fiscal second-quarter outlook. First-quarter earnings per share, excluding items, were $2.13, beating LSEG’s forecast of $1.90 per share. Revenue in the period was $6.71 billion, beating estimates of $6.48 billion. Toast – The maker of restaurant point-of-sale systems rose 3% in after-hours trading after reporting fourth-quarter results. The company lost 7 cents per share, according to LSEG, missing analysts’ expectations of a loss of 11 cents per share. Revenue was $1.04 billion, basically in line with expectations of $1.02 billion. Roku – Shares of Roku fell 14% after the streaming provider reported a fourth-quarter loss of 55 cents per share, beating expectations and analysts expecting 52 cents per share, according to LSEG. Revenue was $984 million, beating expectations of $968 million. DraftKings – The sports betting company unexpectedly posted a loss of 10 cents per share in the fourth quarter, while analysts expected a profit of 8 cents per share, according to LSEG, sending the company’s shares down 2%. Revenue was slightly below analysts’ expectations of $1.23 billion, compared with expectations of $1.24 billion. Trade Desk – The digital advertising company’s quarterly revenue of $606 million topped Wall Street expectations of $582 million, sending its shares up nearly 19%. The company’s first-quarter revenue forecast was also higher than analysts had expected. Dropbox – The file hosting service reported fourth-quarter adjusted earnings of 50 cents per share on revenue of $635 million, sending its shares down more than 3%. Analysts expected earnings of 48 cents per share on revenue of $631 million, according to LSEG. Yelp — The site’s first-quarter adjusted EBITDA and revenue guidance fell short of analysts’ expectations, sending shares down about 10%. Fourth-quarter earnings per share also fell short of expectations, the London Stock Exchange said. Yelp earned 37 cents per share on revenue of $342.4 million Texas Roadhouse — The steakhouse chain’s fourth-quarter earnings per share topped analysts’ consensus estimates, according to FactSet. Texas Roadhouse also raised its dividend by 11%. The stock rose 8.3% after the market closed. Bio Rad Laboratories — The life sciences equipment company’s fourth-quarter earnings per share beat analysts’ consensus estimates, FactSet said. The stock rose as much as 7% in after-hours trading, but has been flat recently. – CNBC’s Tanaya Macheel and Scott Schnipper contributed reporting.
