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Stocks that make the biggest moves after hours: ABNB, HOOD, ARM, EQIX

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Stocks that make the biggest moves after hours: ABNB, HOOD, ARM, EQIX

A key is seen in front of a computer screen with the Airbnb logo in Ankara, Turkey, on November 22, 2023.

Dilara Irem Sancar | Anadolu | Getty Images

Check out the companies making headlines in extended trading:

Airbnb The hotel company issued disappointing guidance, sending shares down 8%. Airbnb said second-quarter revenue would be between $2.68 billion and $2.74 billion, but analysts expected $2.74 billion per LSEG. The company beat on both the top and bottom lines in the first quarter.

Robin Hood – The retail investment business rose about 6% after the company’s first-quarter report beat Wall Street estimates. Robinhood reported earnings of 18 cents per share on revenue of $618 million, while analysts surveyed by LSEG expected earnings per share of 6 cents on revenue of $549 million.

Klaviyo – Shares rose 7% after the marketing automation company issued promising second-quarter revenue guidance. Klaviyo expects current quarter revenue of $211 million to $213 million, while analysts surveyed by LSEG expected $210 million.

Arm positions – Shares fell 6%. The chip company reported full-year revenue guidance of $3.8 billion to $4.1 billion, while Wall Street was calling for $3.99 billion in revenue, per LSEG.

Equinix – Data center real estate investment trusts rose more than 11%. Equinix posted first-quarter adjusted earnings before interest, taxes, depreciation and amortization of $992 million. Analysts polled by FactSet expected $981.3 million.

AppLovin – The mobile technology company rose 10%. AppLovin’s first-quarter earnings were 67 cents per share, while revenue was $1.06 billion. Analysts expected earnings of 57 cents per share and revenue of $974 million.

SolarEdge – The solar energy company fell by almost 7%. SolarEdge reported a wider-than-expected first-quarter loss of $1.90 per share, while analysts surveyed by LSEG expected a loss of $1.57 per share. Revenue expectations for the second quarter were also weak, ranging from $250 million to $280 million, compared to analyst estimates of $306 million.