In this photo illustration, the logo of American technology company “Block” is displayed and reflected on multiple digital screens in London, England on March 3, 2023.
Lionel | Getty Images
Check out the companies making headlines over the long term.
Intuit — Shares of the financial software company fell about 1% after reporting fiscal second-quarter revenue of $3.39 billion. The results were in line with expectations of analysts polled by London Stock Exchange Group (LSEG). Adjusted earnings topped Wall Street expectations of $2.63 per share, while analysts expected $2.30 per share.
live state entertainment — Shares were up about 1% in after-hours trading. According to LSEG, Live Nation’s revenue was US$5.84 billion, exceeding analysts’ expectations of US$4.79 billion. The entertainment company also reported fourth-quarter operating income that was slightly below expectations.
Booking Holdings — Shares of the online travel company fell more than 4% despite reporting better-than-expected fourth-quarter earnings and revenue, while room nights booked increased 9%. Booking Holdings also announced it will initiate a quarterly cash dividend of $8.75 per share.
isolation — Shares of the medical device company fell more than 5% after the company issued a lower-than-expected revenue growth forecast. Insulet expects first-quarter revenue to rise 17% to 20% annually, while analysts polled by FactSet expected 24.3%.
clogged — Shares of the payments company soared nearly 11% as fourth-quarter revenue grew. Block reported revenue of $5.77 billion, while analysts polled by LSEG expected revenue of $5.70 billion. The company expects gross profit to reach at least US$8.65 billion in 2024, an annual increase of at least 15%.
Karavana — The auto resale company said it expects to sell more retail units in 2024 but did not provide a specific number, sending its shares up more than 20%. Carvana reported a loss of $1 per share in the fourth quarter on revenue of $2.42 billion, below expectations of analysts polled by LSEG.
free market — The e-commerce company reported fourth-quarter earnings of $3.25 per share, unchanged from a year earlier, and its shares fell 8%. Operating income excluding items was $572 million, while analysts polled by FactSet expected $668.5 million.
