Stocks making the biggest moves after hours: Reddit, Robinhood, Dutch Bros, MGM Resorts and more
These are the stocks posting the largest moves in postmarket trading
Check out the companies making headlines in postmarket trading: Reddit — The social media platform slid 17% after Reddit's user numbers fell short of Wall Street's expectations. Daily active uniques averaged 101.7 million for the fourth quarter, reflecting growth of 39% year over year but missing analysts' call for 103.1 million, per StreetAccount. Separately, Reddit beat analysts' expectations on the top and bottom lines for the fourth quarter. The Trade Desk — The advertising technology stock plunged 25% after posting revenue of $741 million in the fourth quarter, which was below the consensus forecast of $759 million from analysts polled by LSEG. Guidance for current-quarter revenue was also weak. On the other hand, the company earned 59 cents per share, excluding items, beating the Street's estimate by 3 cents a share. Robinhood — The digital finance platform jumped 13% on stronger-than-expected revenue for the fourth quarter. Robinhood reported $1.01 billion for the three-month period, topping the consensus estimate of $944.6 million from analysts surveyed by LSEG. AppLovin — The app technology stock surged 20% after beating Wall Street's predictions for the fourth quarter and offering strong current-quarter revenue guidance. AppLovin earned $1.73 per share on $1.37 billion in revenue, while analysts polled by LSEG had penciled in $1.24 in earnings per share and $1.26 billion in revenue. Dutch Bros — The coffee shop chain soared 19% after fourth-quarter earnings and same-store sales surpassed expectations. Dutch Bros earned 7 cents per share, excluding items, and recorded $343 million in revenue. Analysts had expected the Oregon-based company to see just 2 cents earned for each share and $318 million in revenue. Dutch Bros also issued an optimistic full-year revenue outlook. Fastly — The cloud platform provider tumbled about 16% after it offered weak guidance for the full year. Fastly sees a loss of 9 cents to 15 cents per share for the period, while analysts polled by LSEG anticipated a profit of 4 cents per share. The company also posted a loss of 3 cents per share for the fourth quarter, wider than analysts' consensus estimate. MGM Resorts — The resort and casino operator popped 8% after posting $4.35 billion in revenue for the fourth quarter. That is better than the consensus estimate of $4.27 billion, per LSEG. Equinix — The data center stock shed 2%. While Equinix raised its quarterly cash dividend by 10% to $4.69 per share, the company offered a softer full-year revenue outlook than anticipated by analysts, according to LSEG. — CNBC's Darla Mercado contributed reporting.This story originally appeared on: CNBC - Author:Alex Harring
Chinese businesses are tapping DeepSeek's newest AI model to see how it can improve productivity
These are the stocks posting the largest moves in postmarket trading
President Donald Trump wants to dismantle the Department of Education
The terminations have sowed more confusion at the bureau, as several of those being laid off had already accepted federal buyout offers, said one of the people
Two mortgage giants essential to the U.S
