In the latest after-hours trading session, several prominent companies experienced significant stock movements following their earnings announcements. Palo Alto Networks, Leggett & Platt, and Airbnb revealed financial results that surpassed expectations, leading to notable stock upswings. Conversely, companies like GoDaddy and Applied Materials faced declines, missing analyst projections. The companies' performance and forecasts offered insights into their operational health and future prospects, influencing investor decisions.
Palo Alto Networks reported fourth-quarter earnings of 62 cents per share, exceeding FactSet consensus estimates of 53 cents. The company's guidance for current-quarter earnings and revenue also encompassed Wall Street's expectations, providing a positive outlook for future performance. Meanwhile, Informatica projected first-quarter revenue between $380 million and $400 million, falling short of the $412 million anticipated by analysts surveyed by LSEG. Despite this discrepancy, Informatica's fourth-quarter revenue aligned with analysts' predictions, reporting $1.11 billion.
GoDaddy posted earnings of $1.36 per share in the fourth quarter, below the LSEG consensus estimate of $1.43 per share. The company's revenue for the same period met expectations, with a range between $1.175 billion and $1.195 billion as analysts predicted $1.186 billion. This mixed performance left investors cautious about GoDaddy's immediate future.
Leggett & Platt saw its shares rise by 2% after announcing adjusted earnings of 21 cents per share in the fourth quarter, surpassing FactSet's expectation of 20 cents. The bedding manufacturer also reported revenue of $1.10 billion, outpacing the forecasted $1.03 billion. Similarly, DaVita's earnings beat analyst predictions on both top and bottom lines, though its shares fell by 10%, reflecting potential concerns among investors despite the positive report.
Roku delivered impressive results, with revenue totaling $1.20 billion in the fourth quarter, surpassing the expected $1.15 billion. This performance contributed to a positive sentiment among investors. However, Applied Materials experienced a decline, shedding 5% in stock value after guiding fiscal second-quarter revenue at $7.1 billion, below the $7.21 billion anticipated by LSEG analysts.
In contrast, DraftKings' shares surged more than 6%, driven by the sports betting app provider's favorable market position and growth prospects. Airbnb also experienced substantial gains, with shares soaring 12% after posting strong financial results that exceeded expectations.