Check out the companies making headlines in extended trading. Robinhood Markets — Shares jumped 8% after the trading platform posted a surprise earnings and revenue beat. Robinhood reported 3 cents earnings per share, versus analysts’ expectations of a loss of 1 cent per share, according to LSEG. Revenue came in at $471 million, topping the $457 million expected by analysts. Lyft – The rideshare operator saw its shares soar 16% in extended trading after it reported strong fourth-quarter results and gave better-than expected guidance. The company posted adjusted earnings per share of 18 cents for the fourth quarter, topping analysts’ estimates of 8 cents, according to LSEG. Revenue of $1.22 billion was in line with analysts’ expectations. GoDaddy – Shares slid 2% in after-hours trading after the Internet domain company reported fourth-quarter results. GoDaddy said its total revenue was $1.1 billion, up 6% year over year. Akamai Technologies — The cloud computing company’s shares fell more than 3% after reporting mixed quarterly results. Earnings came in above analysts’ estimates, while revenue missed expectations. Management is also guiding for adjusted earnings growth of 7% to 11% for the full year, compared to analysts’ estimates of 10.1%, per LSEG. MGM Resorts — Shares dropped nearly 4% despite the casino operator beating on both top and bottom lines in the fourth quarter. Although MGM’s China segment handily beat expectations, the U.S. regional casino segment suffered from effects of a strike in Detroit and labor costs. Zillow Group – Shares of the real-estate marketplace rose 3% after hours following the company’s fourth-quarter financial update. Zillow posted adjusted earnings of 20 cents per share on revenues of $474 million, beating analysts’ estimates of 12 cents per share on revenues of $452 million, according to LSEG. IAC — The media company stock jumped 3.5%. The company’s revenue of $1.06 billion in the fourth quarter was in-line with…
Read the full article here
