Welcome to Extreme Investor Network, where we bring you the latest updates on the companies making waves in after-hours trading. In today’s market news:
1. Apple (AAPL) saw a 7% increase after announcing a $110 billion share repurchase and beating expectations with its fiscal second-quarter earnings of $1.53 per share and revenue of $90.75 billion.
2. Expedia (EXPE) dropped approximately 8% after lowering its full-year guidance due to challenges in Vrbo and business-to-consumer growth.
3. Amgen (AMGN) surged 11% after reporting adjusted earnings of $3.96 per share on revenue of $7.45 billion in the first quarter and providing updates on its pipeline.
4. Fortinet (FTNT) shares tumbled 8% as the company’s billings guidance for the second quarter fell slightly below expectations.
5. Block (SQ) saw a 6% increase after reporting adjusted earnings of 85 cents per share on revenue of $5.96 billion in the first quarter, beating analysts’ estimates.
6. Cloudflare (NET) shares slid 13% as the company issued weak guidance on full-year revenue, despite posting strong first-quarter results.
7. DaVita (DVA) gained 3% in extended trading after reporting first-quarter adjusted earnings of $2.38 per share and revenue of $3.07 billion, surpassing expectations.
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