Check out the companies that made headlines after the bell: Paramount Skydance — Entertainment shares rose about 2% after the company posted first-quarter adjusted earnings of 23 cents per share on revenue of $7.35 billion. Analysts polled by LSEG had expected earnings of 15 cents and revenue of $7.28 billion. Duolingo — The language learning app maker’s stock price fell about 13% after its monthly active user numbers fell short of expectations in the first quarter. Duolingo said it has 137.8 million active users per StreetAccount, which is lower than the 145.6 million users expected by analysts. The forecast for second-quarter bookings was also disappointing at $284 million, compared to street expectations of $295 million. Diamondback Energy — The oil and gas stock fell 1% even though Diamondback Energy beat first-quarter adjusted earnings and adjusted EBITDA. Diamondback also announced that its board of directors has approved a 5% increase in the company’s base cash dividend. Sonos — The audio products maker posted an 8% increase in second-quarter sales, as the company reported an 8% year-over-year increase in revenue to $281.5 million. The company expected third-quarter sales of $355 million to $375 million. By comparison, the FactSet consensus call was $362.2 million. Palantir — Shares fell nearly 3%. Despite the company’s first quarter results exceeding expectations, the stock price fell. LSEG said adjusted earnings per share were 33 cents, beating analysts’ expectations of 28 cents per share. Palantir’s sales of $1.63 billion also exceeded expectations of $1.54 billion. Pinterest — The image-sharing platform’s stock rose 15%. The company forecast second-quarter sales of $1.13 billion to $1.15 billion, higher than analysts’ expectations of $1.11 billion. First-quarter results also beat LSEG’s consensus estimates, with adjusted earnings of 27 cents per share and revenue of $1.01 billion. Firefly Aerospace — The aerospace and defense stock rose 6% after the company posted an adjusted loss of 46 cents a share in the first quarter, narrower than the 51 cents analysts expected, according to FactSet. The company had revenue of $80.9 million, which also beat estimates of $77.1 million. IAC — the digital brand holding company now known as People Inc. fell 8%. The company lowered its 2026 adjusted EBITDA to $260 million from $210 million, also below FactSet’s estimate of $278.4 million. It had previously been estimated at $260 million to $335 million. The company also expects full-year operating profit to be between $10 million and $80 million, down from previous estimates of $95 million to $190 million and below the $126.1 million posted by analysts, according to FactSet. ON Semiconductor — The semiconductor maker fell 5%. Second-quarter revenue estimates narrowly beat analysts’ estimates, coming in at $1.54 billion to $1.64 billion, compared to the FactSet consensus estimate of $1.53 billion. In other regions, first-quarter sales and bottom line profits exceeded expectations. Fabrinet — The precision optics company fell 11%. Fourth-quarter revenue guidance ranged from $1.25 billion to $1.29 billion, with the FactSet consensus calling for $1.26 billion, but the Street disappointed. This outlook overshadowed sales and bottom line growth in the third quarter. — CNBC’s Darla Mercado contributed reporting.
