Companies Making Headlines in After-Hours Trading

AppLovin

• Shares rallied 13% in extended trading
• Reported stronger-than-expected quarterly results
• EPS of $1.67, higher than consensus estimate
• Revenue of $1.48 billion above expectations

Arm Holdings

• U.S. traded shares slid 9%
• Guidance failed to impress Wall Street
• Adjusted earnings below estimates
• Revenue outlook fell short

Skyworks Solutions

• Stock dropped 4% despite strong earnings
• Adjusted earnings of $1.24 per share
• Revenue above analyst expectations
• Upbeat earnings forecast for the third quarter

Avis Budget

• Shares gained about 2%
• Negative adjusted EBITDA lower than expected
• Revenue missed consensus estimate

Bumble

• Dating app soared more than 8%
• Flat user growth in the first quarter
• Revenue fell about 8% from a year ago

Zillow

• Shares fell nearly 5%
• Warned housing market remains challenging
• First profitable quarter since 2022
• Expecting revenue growth in 2025

Flutter Entertainment

• Shares slid nearly 2%
• First-quarter adjusted earnings below estimates
• Revenue fell short of analyst predictions

Fortinet

• Cybersecurity stock tumbled about 11%
• Full-year adjusted earnings guidance in line with expectations
• Beat on earnings for the first quarter

Carvana

• Shares slipped 1%
• Solid first-quarter results
• Earnings and revenue beat expectations

H & R Block

• Stock gained more than 2%
• Better earnings and revenue for the fiscal third quarter
• Adjusted earnings up almost 9% versus a year ago

Dutch Bros

• Coffee chain’s shares jumped 5%
• First-quarter results beat estimates
• Increase in comparable sales and total shop count

CF Industries

• Fertilizer manufacturer added 1%
• First-quarter earnings and revenue beat
• Authorized a $2 billion share repurchase program

Axon Enterprise

• Taser maker’s shares jumped more than 5%
• Reported adjusted earnings and revenue beat
• Beat consensus estimates for earnings and revenue