In an eventful after-hours trading session, Freshworks, Upstart Holdings, and DoorDash emerged as notable gainers following the release of their latest quarterly results. Freshworks leapt more than 11% in extended trading, fueled by its impressive adjusted earnings of 14 cents per share on revenue totaling $195 million. Meanwhile, Upstart Holdings experienced a 25% surge after issuing first-quarter guidance that exceeded expectations, setting the stage for a promising financial performance in the coming months.
IAC faced a challenging session, posting a loss of $2.39 per share, contrary to analysts' expectations of earnings at 24 cents per share. Additionally, the company's guidance for first-quarter bookings, projected at a range between $4.05 billion and $4.20 billion, fell short of analysts' anticipations, which stood at $4.32 billion according to FactSet. This disparity contributed to investor disappointment.
Upstart Holdings delivered robust fourth-quarter results that outperformed analyst estimates on both the top and bottom lines. Analysts polled by LSEG expected earnings of 10 cents per share and revenue of $189 million from Upstart. However, the company surpassed these projections with a first-quarter revenue guidance ranging from $575 million to $590 million, further bolstering investor confidence.
DoorDash also made headlines, reporting revenue of $2.87 billion for its most recent quarter, surpassing analysts’ predictions of $2.84 billion as surveyed by LSEG. This better-than-expected performance led to DoorDash trading nearly 6% higher in after-hours trading. The company's ability to exceed forecasts underscored its continued growth and market presence.
Super Micro Computer experienced a more modest gain, popping over 4% despite revising its fiscal 2025 full-year revenue guidance downward. However, the company's fourth-quarter revenue of $989 million outpaced analysts' forecasts, offering some reassurance to investors amidst broader strategic adjustments.
Zillow reported adjusted earnings of 27 cents per share, narrowly missing the 28 cents per share expected by analysts surveyed by LSEG. This slight shortfall highlighted the competitive pressures within the real estate technology sector as companies strive to meet evolving consumer demands.
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