At Extreme Investor Network, we are dedicated to providing you with the latest updates on companies making headlines in after-hours trading. Today, we bring you insights into some of the top performers in the market:
Reddit – This social media stock surged nearly 18% following a better-than-expected quarterly earnings report. With a faster rate of advertising revenue growth than its competitors, Reddit posted $243 million in revenue, surpassing analysts’ forecasts.
Lyft – The ride-share company advanced more than 3% after beating analysts’ estimates for first-quarter sales and earnings. Lyft reported adjusted earnings of 15 cents per share on $1.28 billion in revenue, exceeding expectations.
Rivian Automotive – Despite a more than 3% decline, Rivian remains confident in its path to achieving modest gross profit by the fourth quarter of this year. The electric vehicle manufacturer posted revenue of $1.2 billion, beating analysts’ estimates.
Wynn Resorts – This resort and casino stock saw a 2.3% increase in after-hours trading, fueled by better-than-expected first-quarter earnings. Wynn reported $1.59 in earnings per share on $1.86 billion in revenue, surpassing analysts’ forecasts.
Electronic Arts – The video game company slid 4% after fourth-quarter revenue trailed analysts’ consensus estimate. However, revenue guidance for the current quarter remains positive.
At Extreme Investor Network, we provide unique insights and analysis on market trends and top-performing companies. Stay tuned for more updates and valuable information to help you make informed investment decisions. Subscribe to our newsletter for exclusive content and expert advice on navigating the world of finance.
