Stocks move after hours as Apple, Roku, Reddit and Roblox report earnings
Earnings stocks moved after market close as Apple, Roku and Reddit beat views See which results lifted shares and which outlooks sent names like Roblox lower
Several largecap and consumer internet stocks moved sharply after the market close on Thursday after releasing quarterly results and outlooks.
Apple shares rose after the company beat analysts’ expectations for revenue and earnings in its fiscal second quarter, though iPhone sales came in below estimates for a second time in three quarters. Roku gained after reporting strongerthanexpected firstquarter revenue and adjusted EBITDA, and it said currentquarter results should top Wall Street forecasts.
Other notable movers included Reddit, which jumped after daily active users and EBITDA guidance came in above expectations, and Roblox, which fell after cutting its fullyear bookings outlook. Amgen, Sandisk, Twilio, Monolithic Power Systems, Western Digital, Dexcom and GoDaddy also traded on the back of earnings reports or updated guidance.