Take a look at the companies that made headlines during extended trading: DoorDash – Shares of the food delivery company fell 13% after its first-quarter report revealed a bigger-than-expected loss. DoorDash lost 6 cents per share on revenue of $2.51 billion. Analysts polled by LSEG expected a loss of 4 cents per share on revenue of $2.45 billion. Carvana – The auto market rose 30% after first-quarter sales exceeded Street expectations. Carvana reported revenue of $3.06 billion, well above the consensus forecast of $2.67 billion from analysts surveyed by LSEG. Freshworks – The software development company plummeted 19%. Despite beating expectations on both lines for the first quarter, the California-based company offered soft guidance for revenue in the current quarter and full year. Freshworks forecast between $168 million and $170 million in the second quarter and a range of $695 million to $705 million for the full year, while analysts polled by FactSet expected $172.1 million in the three-month period and $708.3 million in the year. Etsy – The online marketplace fell by about 13%. Etsy reported adjusted earnings of 48 cents per share in the first quarter, while analysts surveyed by LSEG expected 49 cents per share. Revenue of $646 million was in line with expectations. eBay – The online trading platform fell 4% after current quarter revenue expectations fell short of expectations. The company told investors to expect between $2.49 billion and $2.54 billion in revenue, while analysts surveyed by LSEG forecast revenue of $2.56 billion. That overshadowed the stronger-than-expected results from the previous quarter. Qualcomm – Shares rose more than 4% after hours after the chipmaker posted $2.44 per share in adjusted earnings for its most recent quarter, surpassing analyst estimates of $2.32 per share, according to LSEG. The top end of Qualcomm’s current quarter revenue forecast was higher than Street expectations, as the company cited demand for smartphones that require the most advanced chips. Schrodinger – The computing platform fell by 8%. The company posted a loss of 76 cents per share, wider than the loss of 74 cents per share expected by analysts polled by FactSet. Revenue came in at $36.6 million, below the FactSet consensus of $42 million. Schrödinger also offered softer revenue guidance for the current quarter than analysts had forecast. Qorvo – Weak guidance for the fiscal first quarter sent the semiconductor company’s shares down 11%. Qorvo calls for a profit of 60 to 80 cents per share, while analysts consulted by FactSet had expected $1.27 per share. However, in the fourth fiscal quarter, the company beat both the top and bottom lines. Envista – The dental products maker fell 3.8% after first-quarter adjusted earnings of 26 cents per share missed analysts’ consensus estimate of 32 cents, according to FactSet. Revenue of $623.6 million also fell short of an estimate of $634.9 million. Openlane – The auto wholesaler fell nearly 16% on the back of first-quarter adjusted earnings of 19 cents per share, which missed the Street’s consensus estimate of 21 cents per share, according to FactSet. Revenue of $416.3 million was below analysts’ lowest estimate and fell short of the average forecast of $425.2 million. CH Robinson – The freight logistics and trucking provider rose 13% in response to first-quarter adjusted earnings of 86 cents per share, versus analysts’ consensus estimate of 63 cents, according to FactSet. The result also exceeded the highest estimate on the Street. Sales exceeded analysts’ average estimates. – CNBC’s Jesse Pound, Tanaya Macheel, Darla Mercado and Scott Schnipper contributed reporting.
Stocks making the biggest moves after hours: EBAY, QCOM, DASH, CVNA
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