Amazon sign during the 2024 CES event held in Las Vegas, Nevada on January 10th, 2024.
Bridget Bennett | Bloomberg | Getty Images
Check out the companies that make headlines in their expansion trading:
Amazon – The e-commerce giant has dropped by 2% after issuing weaker than expected guidance in the current quarter. Amazon said it expects sales of between $151 billion and $155.5 billion in Q1. Analysts surveyed by LSEG were looking for $158.5 billion. Meanwhile, the company’s fourth quarter revenue and revenue exceeded consensus expectations.
Take-Two Interactive Software – The video game company jumped nearly 7% despite posting third-quarter revenue of $1.37 billion. Analysts voted by LSEG were expecting $13.9 billion. Take-Two looks at current quarterly revenue based on net reservations, between $1.48 billion and $1.58 billion against an estimated $1.54 billion.
Affirm Holdings – Following the second quarter’s topline beat, the paying company’s stock jumped over 9%. AFFIRM reported revenue of $866 million, but analysts were expecting $807 million per LSEG. Total product volume increased 35% year-on-year in the last quarter.
Pinterest – The social media company had 18% stake. For the fourth quarter, revenue was $1.15 billion, with Analyst’s estimate of $1.14 billion, reaching $1.14 billion per LSEG. Pinterest also said it expects revenues of between $837 million and $852 million in the first quarter, with analysts sought $833 million.
Expedia – Shares rose 11% after the company’s fourth quarter results broke Wall Street expectations. Expedia recorded an adjusted profit of $2.39 per share against revenue of $3.18 billion. According to LSEG, this is over $2.04 per share in revenues made by analysts with pencils of $3.07 billion. The company also revived its quarterly dividend at 40 cents per share.
Billing Inc. plummeted about 32% after billing software companies issued financial third quarter revenue guidance that disappointed. Bill Holdings expects revenues of $352.5 million to $357.5 million, down from $352.5 million, the $360.4 million forecast by analysts surveyed by LSEG. However, second quarter revenue and revenue beat analyst expectations.
Fortinet – Cybersecurity stocks have collected 11%. In addition to strong year-round guidance, Fortinet recorded better results than expected in the fourth quarter. Fortinet has seen its full-year revenues fall between $6.65 billion and $6.85 billion, exceeding its $6.63 billion estimate from analysts per LSEG.
ELF Beauty – After cutting fiscal year guidance, cosmetics companies fell 23%. ELF currently sees revenues of between $1.3 billion and $1.31 billion. Adjusted revenue for the third quarter also missed forecasts slightly, with 74 cents per share and 75 cents per share.
Monolithic Power System – Semiconductor Stock rose 16% following strong fourth quarter results. Monolithic Power Systems reported adjusted earnings of $4.09 per share against revenue of $621.7 million. Analysts surveyed by Factset were seeking a profit of $3.98 per share with revenues of $608.1 million. The company also issued revenue guidance better than expected for the current quarter and a $500 million share repurchase program. Management also increased its quarterly dividend by nearly 25%.
– Reported by CNBC’s Sean Conlon, Lisa Kailay Han and Dara Mercado.
