Take-Two Interactive Software's shares surged by 15% following their announcement that the highly anticipated Grand Theft Auto VI will be released this fall. This revelation has sparked excitement among investors, driving up the company's stock value. In contrast, Bill Holdings experienced a significant setback, with shares plummeting 31% after their revenue guidance for the current quarter fell short of expectations.
Beauty revised its fiscal year guidance, projecting sales between $1.3 billion and $1.31 billion, signaling a more cautious outlook. Meanwhile, Monolithic Power Systems made headlines by unveiling a $500 million stock repurchase program and raising its quarterly dividend by nearly 25%. The company also exceeded fourth-quarter earnings and revenue expectations, providing robust revenue guidance for the current quarter.
Expedia impressed investors by delivering adjusted earnings of $2.39 per share on revenue of $3.18 billion, surpassing analysts' expectations. The company's stock received an additional boost as it reinstated its quarterly dividend at 40 cents per share. Furthermore, Expedia reported an 18% increase in revenue from the previous year, with net income reaching $1.85 billion.
Doximity experienced a remarkable surge in its stock price, climbing 37% after reporting a fiscal third-quarter revenue beat. Affirm also saw a substantial gain, with shares rallying 22% after surpassing top- and bottom-line expectations for its fiscal second quarter.
Amazon's performance was mixed, reporting better-than-expected earnings and revenue for the fourth quarter. However, the company provided disappointing guidance for the current quarter, leading to a nearly 4% decline in its stock. Amazon cited unfavorable foreign exchange headwinds and challenges in its China market as contributing factors.
Cloudflare exceeded analyst estimates in the fourth quarter, posting adjusted earnings of 19 cents per share on revenue of $460 million. Pinterest similarly impressed investors with strong fourth-quarter results, causing its stock to climb 17%.