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Stocks moving in after hours: Roku, Qualcomm, Etsy, Booking, Robinhood

 1 year ago
source link: https://finance.yahoo.com/video/stocks-moving-hours-roku-qualcomm-210439254.html
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Roku, Qualcomm, Etsy, Booking, Robinhood

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Stocks moving in after hours: Roku, Qualcomm, Etsy, Booking, Robinhood

Yahoo Finance Live's Seana Smith checks out several trending stocks in the after-hours trading session.

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Stocks moving in after hours: Roku, Qualcomm, Etsy, Booking, Robinhood

Thu, November 3, 2022, 6:04 AM

Yahoo Finance Live's Seana Smith checks out several trending stocks in the after-hours trading session.

Video Transcript

DAVE BRIGGS: Let's take a look at what's trending after-hours.

SEANA SMITH: I'm gonna take the trip with you. Those pictures looked nice, didn't they?

DAVE BRIGGS: Let's do a road show in Johnson City.

SEANA SMITH: I like it. I like it. All right.

DAVE BRIGGS: [INAUDIBLE]

SEANA SMITH: We just have to run it by all the producers. Exactly. All right, let's take a look at some of these after-hour movers here. We have Roku, Qualcomm, Etsy, Booking, and Robinhood. Kicking it off with Roku, losses there pretty dramatic following that much worse than expected, wider than expected loss, I should say, here for the coming quarter.

Stock off just around 19%, as a result. Adjusted loss this quarter may come to $135 million. Putting that in perspective, that's about three times what analysts were expecting to hear from Roku. Obviously, the slowdown that we're seeing in terms of the advertising market having a massive impact on Roku.

Over the last three months, stock off just around 28%. Year to date, you're looking at losses of over 76%. The company also saying that it's going to slow hiring as a result of what we're seeing playing out in the broader economy right now. And CFO Steve Louden is going to be leaving Roku next year.

Let's take a look at Qualcomm, another mover here moving to the downside, off nearly 6%. Guidance coming in weak. We just talked to Christopher Rolland of Susquehanna. He said that it's the worst Qualcomm guidance that he has seen in years. Rapid weakening in demand, elevated inventory, a couple of headwinds here facing Qualcomm. Fourth quarter revenue, though, did come in line with expectations, 11.39 billion. Taking a look at the year to date performance, you can see the stock off just around 38%.

Let's take a look at Etsy. A different story here. You're seeing gains of nearly 10% after-hours. Strong revenue report there is what's driving the action here, up 12% on a year over year basis, 594.5 million, beating the Street's estimate of 563 million. Gross merchandise sales better than what we were expecting, coming in at $3 billion. Fourth quarter revenue guidance also in line with expectations. Year to date, Etsy off 60%.

Taking a look at Booking Holdings, you can see gains of just around 6% here after-hours. That strong demand for summer travel clearly benefiting this company here over the last quarter. Revenue topping expectations, improvement in room night trends, as they moved through the quarter. Also the company more than doubled its profit. Year to date, though, shares still in the red, off just about 25%.

And rounding it out with Robinhood moving to the upside, up just around 4% here after-hours, a smaller than expected loss of $0.20. Sales, 361 million. That was better than what the Street was looking for. Average revenue per user, $63. Estimate was for 62.58, so a slight beat there. Monthly active users, though, a bit of a miss, 12.2 million. Estimate, 13.7 million. Three months, the stock is actually up 23%. Year to date, though, you're still looking at losses with shares off 35%.


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