Stocks making the largest moves after hours: SQ, CVNA and more

On this photo illustration, the brand for the US tech firm “Block” is displayed and reflected in a variety of digital screens on March 03, 2023 in London, England. 

Leon Neal | Getty Images

Take a look at the businesses making headlines in prolonged trading.

Intuit — Shares pulled back roughly 1% after the financial software company posted revenue of $3.39 billion in its fiscal second quarter. The result was consistent with what analysts polled by LSEG had expected. Adjusted earnings got here in ahead of Wall Street’s estimate at $2.63 per share, in comparison with $2.30 per share anticipated by analysts.

Live Nation Entertainment — Shares added about 1% in prolonged trading. Live Nation reported revenue of $5.84 billion, surpassing analysts’ estimates of $4.79 billion, per LSEG. The entertainment company also posted fourth-quarter operating income that was barely below consensus.

Booking Holdings — The web travel company fell greater than 4% even after reporting a fourth-quarter earnings and revenue beat, while room nights booked increased by 9%. Booking Holdings also announced it will initiate a quarterly money dividend of $8.75 per share.

Insulet — The medical device company fell greater than 5% after issuing a lower-than-expected revenue growth forecast. Insulet expects revenue to extend by 17% to twenty% on a year-over-year basis in the primary quarter, while analysts polled by FactSet expected 24.3%.

Block — Shares of the payment company soared nearly 11% on the heels of a fourth-quarter revenue beat. Block reported $5.77 billion in revenue while analysts surveyed by LSEG expected $5.70 billion. The corporate is asking for gross profit of at the least $8.65 billion in 2024, up at the least 15% 12 months over 12 months.

Carvana — Shares climbed greater than 20% after the automobile resale company said it expects to grow the variety of retail units sold for 2024, but didn’t offer specific numbers. Carvana posted a fourth-quarter lack of $1 per share on revenue of $2.42 billion, missing the estimates of analysts polled by LSEG.

MercadoLibre — The e-commerce company tumbled 8% after it posted fourth quarter earnings of $3.25 per share, flat from the year-ago period. Operating income, excluding items, got here in at $572 million, while analysts polled by FactSet called for $668.5 million.

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