Amazon and Bill Holdings experienced notable declines in after-hours trading, following announcements that rattled investor confidence. Amazon's shares fell by 2% after the e-commerce giant issued weaker-than-expected guidance for the current quarter. The company forecasted first-quarter sales between $151 billion and $155.5 billion, leaving investors wary. Meanwhile, Bill Holdings shares plunged approximately 32% as the billing software company revealed disappointing fiscal third-quarter revenue guidance.
In contrast, several companies reported positive developments that spurred interest among investors. Fortinet exceeded expectations with its full-year revenue forecast, projecting a range of $6.65 billion to $6.85 billion, surpassing analyst estimates of $6.63 billion. Furthermore, the company reinstated its quarterly dividend at 40 cents per share, bolstering investor sentiment.
Expedia reported adjusted earnings of $2.39 per share on revenue totaling $3.18 billion, adding a steady performance to the travel company's portfolio. In the social media sector, Pinterest shares surged 18% following promising revenue expectations for the first quarter, ranging from $837 million to $852 million, above the $833 million anticipated by analysts.
Monolithic Power Systems also stood out, with shares soaring 16% after the company reported strong fourth-quarter results. The company posted adjusted earnings of $4.09 per share on revenue of $621.7 million, boosting investor confidence in the semiconductor manufacturer. Similarly, Affirm Holdings saw a more than 9% jump in shares after reporting revenues of $866 million for the fiscal second quarter, surpassing expectations of $807 million.
Take-Two Interactive Software offered a more tempered outlook, forecasting current-quarter revenue based on net bookings to fall between $1.48 billion and $1.58 billion. Despite this cautious projection, the gaming company remains on investors' radar.