A passenger arriving at Los Angeles International Airport seeks ground transportation during a statewide day of action demanding that ride-hailing companies Uber and Lyft follow California law and pay drivers in Los Angeles, California, US Grant “Basic Employee Rights”, Aug 20 , 2020.
Mike Blake | reuters
Check out the companies making headlines in the expanding business.
expedia — Shares of the travel company declined 1.8% after the company failed to meet analysts’ expectations on earnings and revenue in the latest quarter. The company reported adjusted earnings per share of $1.26 on revenue of $2.62 billion. Analysts called for earnings of $1.67 per share on revenue of $2.70 billion, according to Refinitiv.
Lyft Lyft shares plunged 29% in extended trading after Reported a disappointing fiscal fourth quarter. The ride-hailing company reported a loss of 74 cents per share. According to StreetAccount, Lyft is forecast to generate revenue of about $975 million in the first fiscal quarter of 2023, falling short of analysts’ estimates of $1.09 billion.
paypal — Shares of PayPal fell 3% during the hours following the company’s quarterly report. Revenue came in at $7.38 billion, compared with analysts’ estimates of $7.39 billion, according to Refinitiv. PayPal CEO Dan Schulman also announced He will aim to step down at the end of 2023,
bark Shares of the restaurant review website rose 10% after Yelp posted fourth-quarter revenue that beat analyst expectations. The company had revenue of $309 million, compared with analysts’ forecasts of $307 million, according to Refinitiv. Earnings per share were 28 cents, which was in line with estimates.
Motorola — Shares of the communications company rose 1.8% after Motorola beat analysts’ expectations at the top and bottom, according to FactSet.
Topgolf Callaway Brands — Shares of the golf company rose 4% after the company reported fourth-quarter revenue of $851.3 million. Analysts called for revenue of $840.4 million, according to FactSet.
cloud flare — Shares of the cloud service provider rose 11% in after-hours trading. Cloudflare reported quarterly earnings of six cents per share, excluding items, on revenue of $275 million. Analysts were calling for earnings per share of five cents on revenue of $274 million.
, CNBC’s Darla Mercado also contributed reporting.