After-hours stock moves: DoorDash, Zillow, Arm, and Fortinet
Post-earnings stock movers: Arm, DoorDash, Zillow, Fortinet react to results See which big names jumped or slid after hours and why investors care
Several largecap stocks moved sharply after the market close on Wednesday as investors reacted to fresh quarterly results and updated outlooks.
Arm Holdings fell about 7% after issuing guidance that disappointed traders, while DoorDash rose roughly 12% after reporting firstquarter earnings that beat expectations and projecting higher secondquarter order volume. Zillow Group dropped around 6% after residential revenue came in below estimates, even though its overall quarterly results were stronger than forecast.
Other notable movers included Fortinet, which climbed 17% after raising its fullyear billings outlook, and Whirlpool, which fell 16% after cutting its fullyear guidance. The list also included gains for Flutter Entertainment and Albemarle, while Fastly, IonQ, Snap, Coherent, and Akamai all moved lower on their latest results or guidance.