A sign has been posted outside PayPal’s headquarters in San Jose, California.
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Check out the companies making headlines for extended trading.
Matching Group — Shares of the dating app operator fell as much as 23% after the company reported revenue of $795 million for the second quarter, compared to FactSet estimates of $803.9 million. Match also issued weak guidance for operating income and adjusted operating income for the current quarter.
Solaredge Technologies – The solar power stock was up nearly 13% in after-hours trading disappointing quarterly results. Solaredge reported EPS of 95 cents, below analysts’ expectations of 88 cents per share, according to FactSet. The Revenue Commissioners were also shy about estimates.
PayPal — Shares of the payments giant rose 11% after hours following stronger than expected second quarter results and an increase in its forecast. PayPal also revealed that it has entered into an information sharing agreement with Elliott Management.
SoFi — Shares increased by more than 7% after personal finance The company reported a hit to the top and bottom lines. “While the political, fiscal and economic landscapes continue to change around us, we have maintained strong and consistent momentum in our business,” SoFi CEO Anthony Noto said in a statement.
Airbnb — Shares of Airbnb fell about 10% in extended trading after the vacation home rental company posted weaker than expected revenue for the second quarter. The company also reported more than 103 million nights and booking experiences, the largest quarterly number ever for the company but short of StreetAccount estimates of 106.4 million.
Advanced Micro Devices – AMD shares fell nearly 5% despite reporting strong quarterly earnings and revenue, after the chipmaker it issued a weaker-than-expected third-quarter forecast. The chipmaker said it expected $6.7 billion in revenue during the current quarter, plus or minus $200 million. Analysts had expected $6.83 billion.
Caesars entertainment — The casino company subsequently lost about 2% reported a quarterly loss of 57 cents per share, which was 74 cents lower than analysts had expected. It also reported a Caesars Digital loss of $69 million, compared to $2 million for the comparable period of the prior year.
Robinhood — Robinhood slipped about 2% after it was reported will reduce its staff by 23%having previously set out 9% in April, and posted a decline in monthly active users and assets under custody for the second quarter. The investment app operator released its results a day ahead of schedule.
Starbucks — The coffee chain saw a higher margin of more than 2% after reporting better than expected quarterly results, despite a lockdown in China depending on their performance. Within the US, however, net sales rose 9% to $8.15 billion and same-store sales rose 3%.
– CNBC’s Sarah Min and Yun Li contributed reporting.