Justin Sullivan | Getty Images
Check out which companies are making the headlines in extended trading.
Match Group — Shares of the dating app operator fell 23% after the company reported revenue of $795 million for the second quarter, compared to FactSet’s estimate of $803.9 million. Match also issued weak guidance on income and adjusted operating income for the current quarter.
Solaredge Technologies – Solar stock is down nearly 13% in after-hours trading following disappointing quarterly results. Solaredge reported earnings per share of 95 cents, below analysts’ expectations of 88 cents per share, according to FactSet. Revenue also came in shy of estimates.
PayPal – Shares of the payments giant rose 11% in after-hours after stronger-than-expected second-quarter results and an increase in its expectations. PayPal also revealed that it has entered into an information sharing agreement with Elliott Management.
SoFi – Shares rose more than 7% after the personal finance company reported outperforming net profit. “While political, financial and economic conditions continue to shift around us, we have maintained strong and consistent momentum in our business,” SoFi CEO Anthony Noto said in a statement.
Airbnb – Airbnb shares fell about 10% in extended trading after the holiday home rental company reported weaker-than-expected revenue for the second quarter. The company also announced bookings of more than 103 million nights and experiences, which is the company’s largest quarterly figure ever but below StreetAccount’s estimate of 106.4 million.
Advanced Micro Devices — AMD shares fell nearly 5% despite reporting strong quarterly earnings and revenue, after the chip maker released a weaker-than-expected outlook for the third quarter. The chip maker said it expects revenue of $6.7 billion for 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 a share, 74 cents less than analysts had expected. It also reported a loss of $69 million for Caesars Digital, compared to $2 million for the same period a year earlier.
Robinhood – Robinhood is down about 2% after reporting that it will cut its staff by about 23%, having previously laid off 9% in April, and posting a drop in monthly active users and assets in custody for the second quarter. The investment application operator released 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, although the shutdown in China weighed on its performance. However, net sales within the US rose 9% to $8.15 billion, and same-store sales grew 3%.
– CNBC’s Sarah Min and Yoon Lee contributed to the report.