CNBC takes a look at the biggest stock movers of the day, including Expedia's strong earnings report, Amazon's disappointing guidance, and a slew of other companies reporting results.
Expedia shares soared nearly 15% after the online travel company's fourth-quarter results surpassed Wall Street estimates. The company reported adjusted earnings of $2.39 per share on revenue of $3.18 billion, exceeding analysts' expectations of $2.04 per share in profit on $3.07 billion in revenue, according to LSEG. Expedia also reinstated its quarterly dividend at 40 cents per share.
\Amazon, on the other hand, saw shares fall nearly 4% following disappointing guidance for the current quarter. The e-commerce giant anticipates sales in the first quarter to be between $151 billion and $155.5 billion, falling short of an LSEG estimate of $158.5 billion. This guidance anticipates an 'unusually large, unfavorable impact' from foreign exchange rates, the company stated. However, Amazon did report better-than-expected earnings and revenue for the fourth quarter. \Doximity, a digital platform for the medical industry, saw its shares surge 37% after reporting a fiscal third-quarter revenue beat. The company also projects fiscal fourth-quarter revenue to be between $132.5 million and $133.5 million, while analysts had estimated just $123.8 million. Bill Holdings, a financial software company, experienced a 31% decline in its stock price after revenue guidance for the current quarter fell short of expectations. Bill anticipates between $352.2 million and $357.5 million for its fiscal third quarter, while analysts surveyed by LSEG were looking for $360.4 million. This guidance represents a sequential decline from the $363 million of revenue Bill reported for its fiscal second quarter. \E.l.f. Beauty shares dropped nearly 20% after the cosmetics company lowered its fiscal year guidance, projecting sales between $1.3 billion and $1.31 billion, falling below the consensus estimate of $1.34 billion, according to StreetAccount. E.l.f.'s adjusted earnings for the third quarter also missed expectations, coming in at 74 cents per share while analysts polled by LSEG forecast 75 cents a share. \Monolithic Power Systems saw its shares rise 7% after the semiconductor company exceeded fourth-quarter earnings and revenue expectations and issued better-than-expected revenue guidance for the current quarter. The company also announced a $500 million stock repurchase program and increased its quarterly dividend by nearly 25%. Take-Two Interactive Software shares soared 15% following the announcement that Grand Theft Auto VI will be released this fall. Take-Two's net bookings for the fiscal third quarter came in at $1.37 billion, below the $1.39 billion expected by analysts polled by LSEG. \Affirm, a buy now, pay later loan provider, saw its shares rally 22% after beating top- and bottom-line expectations for the fiscal second quarter. Affirm reported $866 million in revenue for the period, exceeding analysts' estimates of $807 million. The company also reported earnings of 23 cents per share, surpassing expectations for a loss of 15 cents per share. \Pinterest shares climbed 17% driven by strong fourth-quarter results. Revenue grew 18% from the previous year, while net income came in at $1.85 billion, including a deferred tax benefit. The company reported that global monthly active users increased 11% year over year to 553 million during the period. \Skechers shares dropped 12% after its fourth-quarter earnings and revenue fell short of analysts' estimates. The company attributed the shortfall to unfavorable foreign exchange headwinds and ongoing weakness in its China market. \Cloudflare, a cloud cybersecurity company, surged 20% after exceeding analysts' estimates in the fourth quarter. The company reported adjusted earnings of 19 cents per share on revenue of $460 million, surpassing LSEG consensus estimates of 18 cents per share in earnings and $452 million in revenue
FINANCE STOCK MARKET EARNINGS REPORTS AMAZON EXPEDIA BILL HOLDINGS EL.F BEAUTY MONOLITHIC POWER SYSTEMS TAKE-TWO INTERACTIVE SOFTWARE AFFIRM PINTEREST SKECHERS CLOUDFLARE
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