Check out the businesses making headlines in prolonged buying and selling: DoorDash — Shares of the meals supply firm tumbled 13% after its first-quarter report revealed a wider-than-expected loss. DoorDash misplaced 6 cents per share on $2.51 billion in income. Analysts surveyed by LSEG had been anticipating a lack of 4 cents per share on $2.45 billion in income. Carvana — The automobile market soared 30% after income for the primary quarter surpassed Street expectations. Carvana reported $3.06 billion in income, properly above the consensus forecast of $2.67 billion from analysts surveyed by LSEG. Freshworks — The software program improvement firm tumbled 19%. Despite beating expectations on each traces for the primary quarter, the California-based agency supplied tender steering for income within the present quarter and full yr. Freshworks forecast between $168 million and $170 million within the second quarter and a variety of $695 million to $705 million for the total yr, whereas analysts polled by FactSet anticipated $172.1 million within the three-month interval and $708.3 million within the yr. Etsy — The on-line market slid about 13%. Etsy reported adjusted earnings of 48 cents per share within the first quarter, whereas analysts polled by LSEG referred to as for 49 cents a share. Revenue of $646 million was in keeping with expectations. eBay — The on-line commerce platform dropped 4% after current-quarter income steering missed expectations. The firm instructed traders to anticipate between $2.49 billion and $2.54 billion in income, whereas analysts polled by LSEG forecast $2.56 billion. That overshadowed stronger-than-anticipated outcomes for the earlier quarter. Qualcomm — Shares rose greater than 4% after hours after the chipmaker posted $2.44 per share in adjusted earnings for its most up-to-date quarter, topping analysts’ estimates of $2.32 per share, based on LSEG. The prime finish of Qualcomm’s income forecast for the present quarter was greater than the Street’s expectations, as the corporate cited demand for smartphones that require essentially the most superior chips. Schrodinger — The computational platform slid 8%. The firm posted a lack of 76 cents per share, wider than the lack of 74 cents per share anticipated by analysts surveyed by FactSet. Revenue got here in at $36.6 million, lower than the FactSet consensus of $42 million. Schrodinger additionally supplied softer steering for current-quarter income than analysts predicted. Qorvo — Weak steering for the fiscal first quarter dragged shares of the semiconductor firm decrease by 11%. Qorvo is asking for earnings of 60 cents to 80 cents per share, whereas analysts polled by FactSet had been anticipating $1.27 per share. In the fiscal fourth quarter, nonetheless, the corporate beat on prime and backside traces. Envista — The maker of dental merchandise sank 3.8% after first-quarter adjusted earnings of 26 cents a share missed analysts’ consensus estimate of 32 cents, based on FactSet. Revenue of $623.6 million additionally trailed an estimate of $634.9 million. Openlane — The car wholesaler dropped nearly 16% on account of first-quarter adjusted earnings of 19 cents per share lacking the Street’s consensus estimate of 21 cents per share, based on FactSet. Revenue of $416.3 million was beneath analysts’ lowest estimate, and fell in need of the common forecast of $425.2 million. C.H. Robinson — The freight logistics and trucking supplier surged 13% in response to first-quarter adjusted earnings of 86 cents a share versus analysts’ consensus estimate of 63 cents, per FactSet. The end result additionally beat the very best estimate on the Street. Revenue topped the common analysts’ estimate. — CNBC’s Jesse Pound, Tanaya Macheel, Darla Mercado and Scott Schnipper contributed reporting.
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