February 26, 2024

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Uber, Spirit Airlines, Zillow Group & more

2 min read

A pedestrian walks by a sign in front of the Uber headquarters on May perhaps 18, 2020 in San Francisco, California.

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Check out the companies building headlines right after the bell on Wednesday:

Uber — Shares of the experience-hailing organization slid far more than 2% in extended trading just after Uber reported fourth-quarter final results. The company misplaced 54 cents for each share in the course of the interval, which was smaller than the Avenue consensus for a decline of 56 cents for every share, according to estimates from Refinitiv. Profits came in at $3.17 billion, beneath a forecast of $3.58 billion. The firm’s revenue from mobility fell 50% yr more than year, even though shipping earnings jumped 130% from the prior 12 months.

iRobot Company — Shares of the robotics corporation jumped far more than 8% just after iRobot said it acquired 84 cents per share excluding merchandise all through the fourth quarter, topping a Refinitiv estimate of 31 cents per share. Profits arrived in at $545 million, whilst Road analysts had been on the lookout for $494 million in gross sales.

Zillow Team — Zillow shares attained more than 7% following the real estate firm’s prime and bottom-line figures defeat analyst expectations. Fourth-quarter earnings arrived in at 41 cents for each share excluding items, forward of the 27-cent profit analysts surveyed by Refinitiv were anticipating. Revenue arrived in at $789 million, also ahead of the anticipated $741 million.

Spirit Airlines — Spirit shares slid additional than 6% following the enterprise posted a broader-than-expected decline for the fourth quarter. The airline dropped $1.61 per share excluding items, whilst reporting a earnings of $498.5 million. Analysts surveyed by FactSet anticipated the organization to reduce $1.47 for each share on earnings of $516 million.

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