Mixed Stock Performance After Earnings Reports: Airbnb Dips, Robinhood Soars, Klaviyo Exceeds Expectations

Following the release of disappointing future guidance, Airbnb’s shares declined by over 8% during extended trading. Although the company exceeded projections for both revenue and earnings in Q1, analysts forecasted a higher revenue figure of $2.74 billion for the upcoming quarter, according to LSEG. Meanwhile, Robinhood saw a 6% gain in share price following its first-quarter financial results, which surpassed analyst predictions for earnings and revenue. Klaviyo’s shares rose by 7% after the marketing automation company presented promising revenue figures for the current quarter, with anticipated earnings falling within the range of $211 million to $213 million, exceeding analyst estimates of $210 million. Arm Holdings experienced a 6% decrease in share value as it revealed projected total revenue for the year, which ranged from $3.8 billion to $4.1 billion, with analysts anticipating $3.99 billion, as disclosed by LSEG. Equinix’s shares soared by over 11% following the announcement of an impressive adjusted earnings before interest, taxes, depreciation, and amortization figure of $992 million for Q1, while experts from FactSet estimated $981.3 million. AppLovin’s shares increased by 10% after reporting a profit of 67 cents per share in Q1, alongside a revenue of $1.06 billion, whereas analysts predicted profits of 57 cents per share and revenues of $974 million. Lastly, shares of SolarEdge decreased by nearly 7% following the announcement of a larger-than-anticipated loss of $1.90 per share for Q1, as opposed to analyst predictions of a loss of $1.57 per share, and a lower-than-expected revenue forecast for the second quarter, ranging from $250 million to $280 million, compared to analysts’ estimates of $306 million.