These are the stocks posting some of the largest moves in extended hours trading.
Check out the companies making headlines in after-hour trading. Reddit — The social media stock popped nearly 18% on the back of a better-than-expected quarterly earnings in its first report since the company's IPO in March. Reddit saw a faster rate of advertising revenue growth than its top competitors. Reddit posted $243 million in revenue, while analysts polled by FactSet forecast $212.8 million. Reddit's $8.19 loss per share for the period may not compare with the $8.
Arista Networks earned $1.99 per share on revenue of $1.57 billion in the first quarter, while analysts polled by LSEG anticipated earnings of $1.74 per share and revenue of $1.55 billion. Revenue guidance for the current quarter ranged between $1.62 billion and $1.65 billion, while analysts called for $1.62 billion. Sonos — The audio product maker tumbled 9% after reporting a wider loss than Wall Street expected.
Breaking News: Markets Stock Markets Economy Markets Market Insider Wynn Resorts Ltd Factset Research Systems Inc Sonos Inc Earnings Twilio Inc Toast Inc Reddit Inc Lyft Inc Arista Networks Inc Cirrus Logic Inc Rivian Automotive Inc Electronic Arts Myriad Genetics Inc Dividends Business News
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