PayPal, Airbnb, Match Group, Caesars and more

There is a sign posted outside the PayPal headquarters in San Jose, California.

Justin Sullivan | Getty Images

Check out the companies making headlines in comprehensive trading.

Match Group – Shares of the dating app operator plunged a whopping 23% after the company reported second-quarter revenue of $795 million, compared to FactSet estimates of $803.9 million. Match also provided weak guidance on adjusted operating income and revenue for the current quarter.

Solaredge Technologies – After disappointing quarterly results, solar stocks fell nearly 13% in after-hours trading. Solaredge reported earnings per share of 95 cents, lower than analysts’ expectations of 88 cents per share, according to FactSet. Turnover also lagged behind estimates.

PayPal — Shares of the payments giant were up 11% after hours following stronger-than-expected second-quarter results and an increase in forecast. PayPal also disclosed that it has entered into an information-sharing agreement with Elliott Management.

SoFi – Shares rose more than 7% after the personal finance company reported a beat on the top and bottom lines. “As the political, fiscal and economic landscapes around us continue to change, we have maintained strong and consistent momentum across our business,” SoFi CEO Anthony Noto said in a statement.

Airbnb – Shares of Airbnb fell about 10% in extended trading after the vacation rental business posted weaker-than-expected revenue for the second quarter. The company also reported more than 103 million booked nights and experiences, the largest quarterly number ever for the company, but less than StreetAccount estimates of 106.4 million.

Advanced microdevices – AMD’s stock fell nearly 5% despite reporting strong quarterly earnings and earnings after the chipmaker released a weaker-than-expected third-quarter forecast. The chipmaker expects revenue of $6.7 billion in the current quarter, plus or minus $200 million. Analysts expected $6.83 billion.

Caesars Entertainment — The casino company lost about 2% after it reported a quarterly loss of 57 cents per share, which was 74 cents lower than analysts had expected. It also reported Caesars Digital’s loss of $69 million, compared to $2 million in the same period last year.

Robinhood — Robinhood fell about 2% after reporting it will cut its workforce by about 23%, having previously laid off 9% in April, and reporting a decline in monthly active users and assets in custody for the second quarter . The operator of the investing app announced its results a day ahead of schedule.

Starbucks – The coffee chain saw shares rise more than 2% after it reported better-than-expected quarterly results, despite lockdowns in China weighing on performance. Within the US, however, net sales grew 9% to $8.15 billion and same-store sales grew 3%.

— Sarah Min and Yun Li of CNBC reported.

Leave a Comment