Intuit, a financial software company, reported revenue of $3.39 billion in its fiscal second quarter, which was in line with analysts’ expectations. However, the adjusted earnings of $2.63 per share exceeded Wall Street’s estimate of $2.30 per share. Despite this positive news, the company’s shares pulled back roughly 1% in extended trading.

Shares of Live Nation Entertainment added about 1% in extended trading after reporting revenue of $5.84 billion, which surpassed analysts’ estimates of $4.79 billion. However, the company’s fourth-quarter operating income was slightly below consensus, which may have contributed to the stock’s performance in after-hours trading.

Booking Holdings, an online travel company, fell more than 4% in extended trading despite reporting a fourth-quarter earnings and revenue beat. Although room nights booked increased by 9%, the company’s stock took a hit after the announcement. Additionally, Booking Holdings announced that it would initiate a quarterly cash dividend of $8.75 per share.

The medical device company, Insulet, saw its shares fall more than 5% after issuing a lower-than-expected revenue growth forecast. Insulet’s projected revenue increase of 17% to 20% in the first quarter fell short of analysts’ expectations of 24.3%. This disappointing outlook likely contributed to the stock’s decline in after-hours trading.

Shares of Block, a payment company, soared nearly 11% in extended trading following a fourth-quarter revenue beat. Block reported $5.77 billion in revenue, exceeding analysts’ expectations of $5.70 billion. The company also forecasted gross profit of at least $8.65 billion in 2024, representing a significant year-over-year increase.

Carvana, a car resale company, experienced a more than 20% increase in its shares after stating expectations to grow the number of retail units sold in 2024. However, despite this positive outlook, the company posted a fourth-quarter loss of $1 per share on revenue of $2.42 billion, missing analysts’ estimates. The discrepancy between expectations and actual performance may have impacted the stock’s movement in extended trading.

The e-commerce company, MercadoLibre, tumbled 8% in extended trading after reporting fourth-quarter earnings of $3.25 per share, flat from the year-ago period. Although the operating income came in at $572 million, below analysts’ expectations of $668.5 million, which likely contributed to the stock’s decline.

The performance of these companies in extended trading varied significantly based on their earnings reports and outlooks for future growth. Investors are closely monitoring these developments to make informed decisions about their investments in these companies.

Finance

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