Robinhood CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Side road after the corporate’s preliminary public providing in New York Town, July 29, 2021.
Andrew Kelly | Reuters
Take a look at the corporations making headlines in prolonged buying and selling.
Robinhood — Stocks of the buying and selling platform slipped 4.7% after it reported quarterly effects. The company reported adjusted profits of three cents in step with proportion in the second one quarter, whilst analysts polled by means of Refinitiv forecast a lack of 1 cent. The corporate mentioned per month energetic customers got here in at 10.8 million, whilst analysts referred to as for 11.2 million, in step with StreetAccount.
Etsy — The e-commerce corporate fell nearly 6% in prolonged buying and selling after Etsy gave steerage on third-quarter income and the decrease finish of the variability was once underneath what analysts expected. The corporate is looking for income ranging between $610 million and $645 million, whilst analysts referred to as for $632 million, in step with Refinitiv.
DoorDash — The meals supply massive added 4.6% Wednesday after posting quarterly effects. DoorDash’s income for the second one quarter was once $2.13 billion, whilst analysts referred to as for $2.06 billion, in step with Refinitiv. Alternatively, the corporate posted a wider-than-expected lack of 44 cents a proportion, whilst analysts referred to as for a lack of 41 cents in step with proportion.
Qualcomm — Stocks declined 7% after the corporate reported lower-than-expected income for its 1/3 fiscal quarter. Qualcomm posted $8.44 billion in adjusted income, whilst analysts polled by means of Refinitiv forecast $8.5 billion. Steering for the fourth quarter was once additionally mild.
Zillow — Inventory within the on-line actual property corporate pulled again 2% after the corporate issued disappointing steerage for the 1/3 quarter. Zillow forecasts income of $458 million to $486 million, whilst analysts polled by means of FactSet are calling for income of $488.1 million.
Qorvo — Stocks climbed 3.7% after an profits beat. Qorvo posted fiscal first-quarter profits of 34 cents in step with proportion, apart from pieces, on income of $651 million. Analysts polled by means of FactSet referred to as for 15 cents in step with proportion in profits and income of $640.3 million.
Clorox — Clorox inventory ticked up 7% after flying previous profits expectancies. The corporate reported adjusted profits of $1.67 in step with proportion on $2.02 billion in income, whilst analysts polled by means of Refinitiv anticipated profits of $1.18 in step with proportion and income of $1.88 billion.
Tripadvisor — Tripadvisor stocks won 4%. The corporate reported income of $494 million in the second one quarter, whilst analysts polled by means of Refinitiv expected $473 million.
MGM Motels — Stocks of the on line casino operator dropped 5%, at the same time as the corporate posted beats at the best and backside strains in the second one quarter. MGM reported adjusted profits of 59 cents a proportion on $3.94 billion in income. Analysts polled by means of Refinitiv referred to as for 54 cents a proportion in profits and income of $3.82 billion.
PayPal — PayPal stocks tumbled just about 6% after the corporate posted profits that had been in step with analysts’ predictions. The bills corporate reported adjusted profits of $1.16 in step with proportion, the similar anticipated by means of analysts polled by means of Refinitiv. Earnings got here in upper than expected, with PayPal posting $7.29 billion, as opposed to analysts’ estimates of $7.27 billion.
Solidarity Tool — Stocks of the instrument corporate popped about 5% after Solidarity trounced analysts’ estimates for income in the second one quarter. The corporate posted $533 million in income, whilst analysts polled by means of Refinitiv sought $518 million.
— CNBC’s Darla Mercado contributed reporting.