Stocks making the biggest moves after hours: DASH, LYFT, UPST, SMCI
Check out the companies making headlines in extended trading: DoorDash — The food delivery stock traded nearly 6% higher after better-than-expected revenue for the fourth quarter. DoorDash reported revenue of $2.87 billion in its most recent quarter, while analysts surveyed by LSEG forecast $2.84 billion. Gilead Sciences — The biopharmaceutical stock advanced 4% after fourth-quarter results surpassed analysts’ estimates on the top and bottom lines. Gilead notched adjusted earnings per share of $1.90 on revenue of $7.57 billion. Analysts polled by LSEG were looking for earnings of $1.70 per share on revenue of $7.14 billion. Super Micro Computer — The server builder popped more than 4% even as the company slashed its fiscal 2025 full-year revenue guidance. Super Micro now sees full-year revenue ranging from $23.5 billion to $25 billion, while analysts polled by LSEG called for $24.92 billion. The company also said it thinks it will be able to file its delayed annual report by Feb. 25. Lyft — Shares pulled back more than 9%. The ride-hailing company reported revenue of $1.55 billion in the fourth quarter, which missed an estimate of $1.56 billion from analysts polled by LSEG. Guidance for first-quarter bookings underwhelmed investors, coming in at a range between $4.05 billion and $4.20 billion, while analysts polled by FactSet expected $4.32 billion. Zillow — The real estate marketplace stock slipped 5% on the heels of a fourth-quarter earnings miss. Zillow reported adjusted earnings of 27 cents per share, while analysts surveyed by LSEG forecast 28 cents per share. The company’s first-quarter revenue guidance called for a range between $575 million and $590 million, falling short of the anticipated $599.8 million from analysts polled by FactSet. IAC — The media and internet brands giant climbed 3%. Fourth-quarter revenue trounced analysts’ forecasts, coming in at $989 million, versus the LSEG consensus estimate of $934 million. Bottom-line results fell far short of expectations, however, as IAC posted a loss of $2.39 per share, while analysts sought earnings of 24 cents per share. Upstart Holdings — The consumer lending platform surged 25% after issuing better-than-expected first-quarter guidance. Upstart expects revenue in the current quarter of $200 million, while analysts polled by LSEG were expecting $193.8 million. Upstart’s fourth-quarter results also surpassed analysts’ estimates on the top and bottom lines. Freshworks — The software company leapt more than 11% in extended trading. Fourth-quarter results surpassed Wall Street’s expectations and beat the company’s previous guidance . Freshworks reported adjusted earnings of 14 cents per share on revenue of $195 million. Analysts polled by LSEG were looking for 10 cents per share in earnings and $189 million in revenue. — CNBC’s Darla Mercado contributed reporting.
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