After-hours movers track earnings guidance pressure across U.S. tech and consumer stocks

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After-hours earnings guidance

Highlights

AppLovin plunges nearly 18% after issuing Q3 adjusted EBITDA guidance of $1.71-$1.74 billion, below StreetAccount's $1.75 billion estimate, with Q2 revenue also missing forecasts.
Western Digital drops over 10% post-market as its Q3 outlook of $4.1 billion revenue and $4 adjusted EPS disappoints despite topping LSEG consensus expectations.
Duolingo falls 11% after projecting Q3 revenue of $302 million and bookings of $307 million, both below FactSet consensus figures of $303.9 million and $308.8 million respectively.

Guidance drives the biggest after-hours swings

As reported by CNBC, AppLovin is tumbling nearly 18% in extended trading after its third-quarter forecast falls short of Wall Street expectations. The marketing platform operator says adjusted EBITDA for the period is expected in a range of $1.71 billion to $1.74 billion, below the StreetAccount consensus estimate of $1.75 billion, while second-quarter revenue also narrowly misses estimates.

Western Digital is slumping more than 10% as its current-quarter outlook underwhelms traders, even though the company projects adjusted earnings of $4 a share, plus or minus 15 cents, on revenue of $4.1 billion, plus or minus $100 million. That compares with an LSEG consensus estimate of $3.81 a share on $4.04 billion in revenue.

Sandisk is falling 5% after revenue guidance appears to disappoint investors. The memory chip company says first-quarter revenue is expected between $10.3 billion and $10.8 billion, while the LSEG consensus estimate stands at $10.47 billion, although fourth-quarter results beat expectations on both revenue and earnings.

Duolingo is dropping 11% after issuing lighter-than-expected guidance for the current quarter, with revenue projected at $302 million against a FactSet consensus of $303.9 million. Its bookings outlook also misses expectations, with the company forecasting $307 million versus an anticipated $308.8 million.

Figma is shedding 15% after full-year guidance for adjusted operating income comes in soft. The company expects operating income of $125 million to $135 million, excluding items, compared with the FactSet consensus of $133.2 million, even as second-quarter results otherwise beat estimates.

Block is down 2% after forecasting current-quarter gross profit of $3.13 billion, in line with the FactSet consensus. Bumble is also lower, falling 5% after reporting a second-quarter loss of 84 cents a share, against expectations for a 25-cent profit, and issuing third-quarter adjusted EBITDA guidance of $56 million to $60 million, below the FactSet consensus estimate of $68.7 million.

Results, management changes and regional market sentiment

DoorDash is advancing 1% after reporting quarterly revenue of $4.45 billion, ahead of the LSEG consensus of $4.34 billion. Earnings of 46 cents a share are in line with expectations.

Zillow is sliding 9% after expanding chief financial officer Jeremy Hofmann's role to include chief operating officer. The online real estate marketplace also posts adjusted earnings per share of 52 cents, above LSEG estimates of 45 cents, and revenue of $772 million, ahead of expectations for $758 million; a day earlier, the company says it will cut about 500 jobs.

Salesforce shares are down more than 4% in extended trading after the company announces it will name Miguel Milano as operating chief on Wednesday. Milano previously worked for Salesforce for nearly a decade in Europe and was also an executive at Oracle, while Salesforce shares are already down more than 27% year to date.

E.l.f. Beauty is slipping nearly 2% despite reporting adjusted earnings per share of $1.75, well above the LSEG consensus of 71 cents. The cosmetics manufacturer says $50 million in tariff refunds helps profits nearly double, and CEO Tarang Amin says the company plans to reinvest that money into pricing and marketing across its brand portfolio.

In our earlier coverage of midday U.S. trading moves, we highlighted how earnings reports, outlook updates and corporate developments triggered sharp swings across sectors. We noted that investors were often reacting more to forward guidance and strategic changes than to headline beats, with some stocks falling despite strong results while others rallied on improved visibility.

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