Overview#

After a busy period of quarterly earnings reports, several companies experienced notable stock price movements in after-hours trading. Here’s a look at the major gainers and decliners.

The Gainers#

Pinterest (PINS) +18%: The visual discovery platform saw its stock rise significantly after reporting better-than-expected earnings. For the first quarter, Pinterest earned $0.27 per share, surpassing analysts' expectations by $0.04. Additionally, the company reported revenue of $1.01 billion, exceeding the consensus estimate of $965.44 million. Optimism grew as the company provided a positive outlook for the second quarter, expecting revenue between $1.13 and $1.15 billion, which is above the analysts' target of $1.12 billion.

Backblaze (BLZE) +22%: Shares of Backblaze surged following a strong earnings report and an upward revision of future guidance. The company reported revenue of $38.7 million, beating the expected $37.79 million.

Paramount Skydance (PSKY) +4.6%: Investors responded positively to the company’s strong revenue performance, with Q1 revenue reaching $7.3 billion, reflecting a 2% increase compared to the same period last year.

Palantir (PLTR) +1%: The data analytics firm saw a slight increase in its stock after reporting first-quarter earnings per share (EPS) of $0.33, which beat the $0.28 estimate. Revenue also exceeded expectations, coming in at $1.63 billion compared to the $1.54 billion consensus.

The Decliners#

GeneDx (WGS) -37%: GeneDx's stock fell sharply after the company provided disappointing revenue guidance for the second quarter, projecting $110–$112 million, which is significantly lower than the $130.3 million consensus estimate.

Duolingo (DUOL) -13%: Despite reporting better-than-expected earnings, the language-learning app's stock declined after its second-quarter bookings guidance of $283.5 million fell short of the $288.4 million forecast.

Fabrinet (FN) -10%: Fabrinet's shares dropped even though the company reported solid earnings and revenue figures, as the results did not meet the high expectations set prior to the announcement.

ON Semiconductor (ON) -4%: The stock experienced a decline in a typical "sell the news" reaction, despite strong results and guidance. This drop followed a substantial 64% rally over the past month.