Even though the firm posted better-than-anticipated quarterly profitability and revenue, Airbnb’s lodging stock dropped around 6.6% after hours. During the company’s earnings call, management noted that regional differences in recovery trends exist as well as the fact that third-quarter global cancellation rates were greater than those of 2019 but lower than those of 2021 and 2020.
Advanced Micro Devices — Despite releasing quarterly results and providing forecast that fell short of analysts’ expectations, the chipmaker saw its shares increase by more than 4%. Results were better than the company had predicted in its October warning for each of the four business segments.
The Match Group According to StreetAccount, the operator of the dating app saw a 13% increase in shares after reporting third-quarter revenue that was better than anticipated. Additionally, adjusted operating income expectations for the current quarter exceeded StreetAccount’s projections.
Intuit – The firm that runs TurboTax saw a 3% increase in share price following the release of its quarterly financial data. Despite “deterioration” in the Credit Karma segments, Intuit now anticipates that non-GAAP profits per share and sales for the fiscal first quarter will exceed its previous projection range. It also reiterated its guidance for the entire year.