Check out the companies making headlines in extended trading: Rivian — The electric vehicle maker added nearly 2% despite missing top and bottom lines in the third quarter. Rivian posted an adjusted loss of 99 cents per share on $874 million in revenue. Analysts polled by LSEG had forecast a loss of 92 cents per share on revenue of $990 million. Pinterest – Shares fell 11% after the social media company posted weak guidance for its fourth quarter earnings. Pinterest guided for revenue to fall between $1.125 million and $1.145 million. The midpoint of fourth-quarter guidance, $1,135 million, was below analysts’ estimates of $1,143 million, for LSEG. The company posted beats on both the top and bottom lines in the third quarter. Block – Shares fell 2% after the fintech firm reported a third-quarter revenue loss. Block posted sales of $5.98 billion, while analysts polled by LSEG had forecast $6.24 billion. On the other hand, Block’s adjusted earnings of 88 cents per share beat analysts’ estimates by one cent. Airbnb – Shares of the online home company fell nearly 3%. Airbnb posted third-quarter earnings of $2.13 per share, 1 cent short of the consensus estimate, per LSEG. Quarterly revenue of $3.73 billion was slightly above analysts’ estimates of $3.72 billion. Akamai Technologies – Shares fell 6% after the cloud computing company issued disappointing full-year guidance. Akamai said its adjusted earnings for the period will range between $6.31 and $6.38 per share on revenue of $3.966 billion to $3.991 billion. Analysts polled by FactSet had forecast $6.43 a share in earnings and $3.99 billion in revenue. DraftKings – The sports betting company fell 4% after guidance missed a point. DraftKings said its fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization will range between $240 million and $280 million. Analysts polled by LSEG were looking for $340 million to $420 million. The company also missed Street expectations in the third quarter. Sweetgreen – The salad chain fell more than 10% after missing both the top and bottom lines in the third quarter. Sweetgreen reported a loss of 18 cents per share, while analysts had expected a loss of 13 cents per share, according to LSEG. Revenue of $173 million also fell short of the $175 million forecast by analysts. Toast – Shares of the restaurant management software company rose 19% on strong fourth-quarter guidance. Adjusted EBITDA during the fourth quarter driven by toast between $90 million and $100 million. Analysts polled by StreetAccount estimated $74.8 million. Third quarter results also beat estimates on both the top and bottom lines. Expedia Group — Shares of the travel services company jumped 3%. Expedia’s adjusted earnings for the third quarter came in at $6.13 per share, beating analysts’ calls for $6.04 per share, per LSEG. Revenue came in at $4.06 billion, narrowly missing analysts’ estimates of $4.11 billion. The company also said Chief Financial Officer Julie Whalen will step down from her role. Arista Networks — The computer networking company fell 6% despite third-quarter results that topped estimates. Arista Networks reported third-quarter adjusted earnings of $2.40 per share on revenue of $1.81 billion. Analysts had expected earnings of $2.08 per share on revenue of $1.74 billion. The company’s range of revenue guidance for the fourth quarter beat forecasts. Arista Networks also announced a 4-for-1 stock split. Lucid Group — The electric car maker advanced 6% after narrowly beating analysts’ expectations in the third quarter. Lucid reported an adjusted loss of 28 cents per share on revenue of $200 million in the period. Analysts polled by LSEG had expected a loss of 30 cents a share and revenue of $198 million. The company also reaffirmed plans to produce about 9,000 vehicles this year, up 6.8% from 2023. Capri Holdings — Owner of Jimmy Choo lost 7% after fiscal second-quarter results missed analysts’ estimates. Capri reported adjusted earnings of 65 cents a share on revenue of $1.08 billion, while the Street called for 75 cents a share in earnings and $1.18 billion in revenue, for LSEG. Revenues for Michael Kors and Versace also beat expectations. — CNBC’s Darla Mercado, Lisa Kailai Han and Alex Harring contributed reporting.
Stocks making the biggest moves after hours: ABNB, PINS, EXPE, RIVN