Stocks That Make The Biggest Moves After Hours: Uber, Spirit Airlines, Zillow Group & More
A pedestrian walks past a sign outside the Uber headquarters on May 18, 2020 in San Francisco, California.
Justin Sullivan | Getty Images
Check out the companies that hit the headlines on Wednesday after the bell:
Uber – The hailstorm company’s shares fell more than 2% in expanded trading after Uber reported fourth quarter results. The company lost 54 cents per share over the reporting period, which Refinitiv estimates was less than the Street consensus for a 56 cents per share loss. Revenue was $ 3.17 billion, below a forecast of $ 3.58 billion. The company’s mobility sales decreased 50% year over year, while delivery sales increased 130% year over year.
iRobot Corporation – The robotics company’s shares rose more than 8% after iRobot earned 84 cents per un-itemized share in the fourth quarter, beating a refinitive estimate of 31 cents per share. Revenue was $ 545 million, while Street analysts had expected revenue of $ 494 million.
Zillow Group – Zillow stock rose more than 7% after the real estate company’s sales and earnings numbers surpassed analysts’ expectations. The fourth quarter earnings, excluding items, were 41 cents per share, ahead of the 27-cent earnings analysts surveyed by Refinitiv. Revenue was $ 789 million, also ahead of the expected $ 741 million.
Spirit Airlines – Spirit stocks were down more than 6% after the company posted a higher-than-expected loss in the fourth quarter. The airline lost $ 1.61 per share excluding items and had revenue of $ 498.5 million. Analysts polled by FactSet expected the company to lose $ 1.47 per share on sales of $ 516 million.
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