Stocks making the biggest moves after hours: Dell, Autodesk, Duolingo, NetApp and more
Check out the companies making headlines in extended trading. Autodesk — Shares popped nearly 7% after the design technology company exceeded expectations for fourth-quarter earnings. Autodesk earned $2.29 per share, excluding items, on $1.64 billion in revenue, while analysts polled by LSEG anticipated a profit of $2.14 a share and revenue of $1.63 billion. NetApp — The data stock sank about14% after revenue for the fiscal third quarter came in at $1.64 billion, missing the consensus estimate of $1.69 billion from analysts polled by LSEG. NetApp also issued weak guidance for the full year. Dell — Shares were down slightly after the tech company reported $2.68 in earnings per share, excluding items, ahead of the forecast of $2.53 per share, per LSEG. That overshadowed Dell’s $23.93 billion for the quarter, which came in under the $24.56 billion figure penciled in by Wall Street. Duolingo — The online language learning platform shed almost 3%. While the company shared revenue for the fourth quarter that surpassed analysts’ consensus expectation, it gave guidance for adjusted EBITDA in the current quarter that came in below where analysts polled by FactSet predicted. Elastic — The data analytics stock soared 18% following a better-than-expected report for the fiscal third quarter. Elastic put up 63 cents per share, excluding items, on $382 million in revenue, while analysts were looking for earnings of 47 cents per share and $369 million in revenue, per LSEG. Redfin — The real estate technology stock sank 12% after posting a wider loss per share in the fourth quarter than analysts surveyed by LSEG predicted. While the company beat on revenue for the quarter, it offered a current-quarter forecast that was weaker than anticipated. Rocket Lab — The space stock dropped 7% on the back of weak guidance. Rocket Lab told investors to expect between $117 million and $123 million in revenue for the first quarter, under the $136 million consensus estimate from analysts polled by LSEG. Monster Beverage — Shares of the energy drink company rose nearly 3% after reporting fourth-quarter adjusted earnings of 38 cents per share. Sales rose 4.7% from a year ago to $1.81 billion. Bloom Energy — The energy technology stock jumped more than 11% on the heels of an earnings beat. Bloom Energy earned 43 cents per share, excluding items, on $572 million in revenue for the fourth quarter, while Wall Street was expecting a profit of 30 cents a share and revenue at $508 million, according to LSEG. — CNBC’s Christina Cheddar Berk contributed reporting
