Let’s check out the companies that are becoming a hot topic for after-hours trading. BLOCK — Payments company Block announced Thursday it would lay off more than 4,000 employees, about half its workforce, sending its stock up 24% in after-hours trading. Zscaler — The cloud security company’s stock price fell nearly 10%. Zscaler’s second-quarter deferred revenue was $2.36 billion, while the street consensus was calling for $2.45 billion. Billings also missed the target with $819.8 million, while analysts had expected $893.3 million. Monster Beverage — The energy drink maker’s stock fell about 3%. According to StreetAccount, Monster Beverage’s fourth-quarter operating margin was 29%, slightly below the consensus estimate of 29.8%. The company reported adjusted earnings of 51 cents per share on sales of $2.13 billion, beating expectations of 48 cents per share on sales of $2.04 billion. Dell Technologies — Dell shares rose 10% on the back of strong fourth-quarter results. Dell’s adjusted earnings for the period were $3.89 per share, compared with analyst estimates compiled by LSEG of $3.53 per share. According to LSEG, the company’s revenue was $33.38 billion, which also exceeded analysts’ expectations of $31.73 billion. Rocket Lab — The space company’s stock price fell about 4%. The company expected first-quarter adjusted loss, excluding interest, taxes, depreciation and amortization, of $21 million to $27 million. That’s more than the expected $17 million loss, according to FactSet. Intuit – the maker of TurboTax saw its stock drop 7%. Intuit is calling for fiscal third-quarter adjusted earnings in the range of $12.45 to $12.51 per share, below the FactSet consensus call of $12.97 per share. The company also reaffirmed its full-year outlook, which was below Wall Street expectations. Autodesk – The software company’s stock rose more than 6%. Autodesk issued guidance that beat the Street’s expectations, calling for full-year revenue in the range of $8.1 billion to $8.17 billion, while the LSEG consensus was calling for $7.97 billion. Fourth quarter sales and bottom line profits also exceeded expectations. Flutter Entertainment – The online sports betting stock fell 9% after Flutter’s fourth-quarter adjusted earnings and revenue fell short of expectations. The company’s full-year earnings forecast is also disappointing, with Flutter now expecting full-year sales to be between $17.75 billion and $19.05 billion, below the $19.28 billion expected by analysts polled by FactSet. CoreWeave – The cloud infrastructure company’s stock price fell about 9%. CoreWeave reported fourth-quarter adjusted earnings before interest, taxes, depreciation, and amortization of $898 million. This was lower than the $929.1 million expected by analysts compiled by LSEG. The company’s revenue outlook for the first quarter was also below target.
