Expedia’s homepage is displayed on a laptop arranged for a photo in Washington, DC, USA
Andrew Harrer | Bloomberg | beautiful pictures
Check out the companies that hit the headlines after the bell:
Expedia – Shares of the travel company rose more than 5% in extended trading after reporting better-than-expected earnings. Expedia posted adjusted earnings of $1.06 per share, above Refinitiv’s estimate of 69 cents. The company said the impact from the pandemic was less severe and of shorter duration than previous waves.
Zillow’s group – The real estate company saw its stock jump 14% in after-hours trading after a sharp drop in revenue. Zillow reported $3.9 billion in revenue for the fourth quarter, topping Wall Street expectations, according to Refinitiv. “Zillow has a strong financial background and core IMT business for which we are reporting record profits today,” said Rich Barton, Zillow co-founder and CEO.
Cloudflare Shares of the web security company rose about 5% in extended trading after its quarterly earnings and revenue rose stronger than expected. Cloudflare also announced that it has acquired Vectrix to help businesses gain control of their applications.
Improve – Shares of the freelancer platform fell 8% in after-hours trading even as its quarterly revenue beat expectations. Upwork reported revenue of $137 million, higher than Refinitiv’s estimate of $132 million. It reported a quarterly loss of 5 cents per share, in line with analyst expectations.
