Shares of Match Group plunged – 23% after the company released the statement that they had a net income of $795 million for the second quarter, below what the analyst community had anticipated of $803.9 million. Match has also provided weak guidance regarding adjusted operating income and revenue.
PayPal — The payments giant’s shares went up 11% after hours following stronger-than-expected second-quarter results and a new forecast increase. Moreover, PayPal has entered into an agreement with Elliott Management to share information.
SoFi — The company reported a beating of the top and bottom lines, sending shares up more than 7%. while the political, fiscal, and economic landscape continues to shift around us, our business has maintained a strong and consistent momentum,” SoFi CEO Anthony Noto said in a press release.
Advanced Micro Devices — AMD shares fell nearly 5% despite strong quarterly earnings and revenue and issued a weaker-than-expected third-quarter forecast. The company expects about $6.7 billion in revenue for the current quarter, plus or minus $200 million. Analysts expect $6.83 billion.
Airbnb — The vacation rental company reported weaker-than-expected earnings for the second quarter, sending its stock down about 10%. The company also reported over 103 million booked nights and experiences, its highest quarterly number ever, though short of the estimate of 106.4 million by StreetAccount.
Solaredge Technologies – After disappointing quarterly results, the company’s stock fell by nearly 13% after hours. Analysts had predicted the company’s EPS to be 88 cents per share but Solaredge’s actual EPS was 95 cents. Revenue came in under expectations, too.
Starbucks — The coffee chain’s shares rose more than 2% after reporting better-than-expected quarterly results, despite what is going on in China which is limiting its performance. With this happening, however, U.S. net sales have grown 9% to $8.15 billion, and same-store sales have grown 3%.
Caesars Entertainment — The casino company lost about 2% after reporting a quarterly loss of 57 cents per share, which was worse than analysts had predicted. It also reported a loss from its digital division of $69 million, more than ten times the comparable period from the previous year.
Robinhood — fell 2% after announcing that it would cut its workforce by 23%, and following a previous 9% layoff in April, in addition, it reported a decline in monthly active users and assets under custody for the second quarter.