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Stocks moving in after hours: Lyft, Expedia PayPal

 1 year ago
source link: https://finance.yahoo.com/video/stocks-moving-hours-lyft-expedia-220243380.html
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Stocks moving in after hours: Lyft, Expedia PayPal

7805c0a0-a8c5-11ed-8ff7-ca7919178a41

Stocks moving in after hours: Lyft, Expedia PayPal

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

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    Stocks moving in after hours: Lyft, Expedia PayPal
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Fri, February 10, 2023, 7:02 AM GMT+9

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

Video Transcript

SEANA SMITH: All right, three stocks we're watching here in after-hours. We've got Lyft, Expedia, and PayPal. Let's kick it off with Lyft because we're looking at losses of nearly 25% in extended trading. The company's Q1 revenue guidance coming in a bit light. Fourth quarter, though, the numbers were pretty decent. Revenue up just about 21%, $1.18 billion. That was better than what the Street was looking for. Active riders, about 20.36 million, up 8.7%. But year to date, we're already looking at gains of nearly 50% in the stock, so a slight disappointment. Could be a huge move to the downside. That's clearly what we are seeing here in after-hours.

Moving over to PayPal, that stock up just about 1% here, up about 1.3% in extended trading. The company beating the Street's expectations when it comes to EPS. Also their full year earnings guidance, adjusted EPS guidance was also better than expected. CEO Dan Schulman, he is planning to retire from the company at the end of the year. We just heard from an analyst that maybe that was a result of Elliott Management's involvement with PayPal. Year to date, you're looking at a pop of just about 10% over the past year. Certainly a different story with the stock off about 36%.

And moving on to Expedia, that stock off slightly here in extended trading, off just about a quarter of a percent. Revenue and EPS missing the Street's expectations. Fourth quarter gross bookings also coming in a bit light at 20.15 billion. Now why did they miss? The company actually is blaming it on weather. And they're saying that disruption is not going to be an issue going forward. Maybe that's why we're not seeing more of a reaction in the stock after-hours. Over the past year, though, certainly has been a tough go at it for this company, with shares off just about 40%. Dave.

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