Stocks making the biggest moves after hours: Palo Alto Networks, SolarEdge Technologies, Diamondback Energy and more
These are the stocks posting the largest moves in postmarket trading
Check out the companies making headlines after the bell. Palo Alto Networks – Shares declined nearly 19% after the cybersecurity company's full-year guidance missed expectations. Palo Alto Networks said it predicts full-year revenue growth of 15% to 16%, down from earlier guidance of 18% to 19% growth. The company also reduced its full-year billings forecast. Meanwhile, adjusted earnings and revenue in the fiscal second quarter topped analysts' estimates. Diamondback Energy — Shares gained 1.6% after the energy company beat on both top- and bottom-lines in the fourth quarter. Diamondback posted adjusted earnings of $4.74 per share on $2.23 billion in revenue. Analysts polled by LSEG had forecasted $4.66 in earnings per share on revenue of $2.17 billion. Caesars Entertainment — The hotel and resorts stock lost more than 1% after posting a revenue miss in the prior quarter. Caesars reported $2.83 billion in revenue while analysts had estimated $2.85 billion, according to LSEG. SolarEdge Technologies — Shares tumbled 9% after the solar company's mixed fourth-quarter report . SolarEdge reported smaller-than-expected adjusted losses of 92 cents per share, compared to analysts' forecasts of $1.17 losses per share, per LSEG. Meanwhile, revenue of $316 million fell below Wall Street's expectations of $354 million. Quarterly revenue declined 56% year over year. Revenue guidance for the first quarter also came in below expectations. Teladoc — The virtual health-care company fell 16% after reporting lower-than-expected revenue and weak forward guidance. Teladoc reported $661 million in revenue versus estimates of $671 million, according to analysts polled by LSEG. The company did post smaller-than-expected losses of 17 cents per share, compared to analysts' predictions for a loss of 21 cents per share. Teladoc guided for revenue of $630 million to $645 million in the first quarter, missing analysts' estimates of $673 million according to LSEG. Toll Brothers — The homebuilder saw its shares jump more than 3% in after-hours trading after the company reported better-than-expected earnings. Toll Brothers posted earnings of $2.25 per share for the fiscal first quarter, higher than an estimate of $1.78 per share, according to LSEG. Revenue of $1.93 billion also beat expectations. CoStar Group — Shares fell 7% after the real estate marketplace issued weaker-than-anticipated guidance for the current quarter. CoStar anticipates first quarter earnings of 6 to 7 cents per share on revenue of $645 million to $650 million. Analysts polled by LSEG called for 29 cents per share on revenue of $653 million. Full-year guidance was also weaker than anticipated, overshadowing beats on the top and bottom lines for the fourth quarter. — CNBC's Yun Li and Alex Harring contributed reportingThis story originally appeared on: CNBC - Author:Hakyung Kim
These are some of the stocks posting the largest moves in premarket trading
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