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LivestreamMenuHere are some of the companies making big moves in extended trading. AppLovin — The marketing platform operator tanked almost 18% after third quarter projections disappointed Wall Street. The company sees adjusted EBITDA for the period in a range of $1.71 billion to $1.74 billion, while the StreetAccount consensus estimate sought $1.75 billion. Revenue in the second quarter also narrowly missed estimates. DoorDash — The meal delivery service advanced 1% after revenue in the latest quarter surpassed estimates. DoorDash posted revenue of $4.45 billion, beating the LSEG consensus of $4.34 billion. Earnings of 46 cents a share came in line with expectations, though. Zillow — The online real estate marketplace slid 9% after it expanded chief financial officer Jeremy Hofmann’s role, giving him the additional title of chief operating officer. The company also reported a solid quarter after the bell, with adjusted earnings per share of 52 cents topping estimates of 45 cents, per LSEG, and $772 million in revenue beating estimates of $758 million. A day earlier, the company announced it would let go of about 500 employee s. Western Digital — Shares of the data storage company slumped more than 10% as current quarter projections underwhelmed traders. Western Digital called for adjusted earnings of $4 a share, plus or minus 15 cents, on revenue of $4.1 billion, plus or minus $100 million. The LSEG consensus estimate forecast $3.81 a share on $4.04 billion in revenue. Sandisk — The memory chip giant slid 5% as revenue guidance appeared to disappoint traders. Sandisk said it sees first quarter revenue in a range of $10.3 billion to $10.8 billion, while the LSEG consensus sought $10.47 billion. Fourth quarter results beat expectations on the top and bottom lines. Salesforce — Shares were down over 4% in extended trading after the company announced it will name Miguel Milano as operating chief on Wednesday. Milano, once an executive at Oracle, previously worked for Salesforce for nearly a decade in Europe. The company’s shares are down over 27% year to date. Block — The payment services company fell 2%. For the current quarter, Block sees gross profit of $3.13 billion, matching the FactSet consensus. Duolingo — The mobile learning platform saw its shares tumble 11% after revenue guidance for the current quarter came in lighter than expected at $302 million versus FactSet consensus estimates of $303.9 million. Guidance for bookings in the period also missed the mark, expected to land at $307 million versus the anticipated $308.8 million. Figma — The maker of the graphics editing app shed 15% after full-year guidance for adjusted operating income came in soft. The company sees operating income ranging from $125 million to $135 million, excluding items, versus the FactSet consensus for $133.2 million. Second quarter results beat estimates otherwise. E.l.f Beauty — The cosmetics manufacturer dropped almost 2%. Adjusted earnings per share came in at $1.75, trouncing the LSEG consensus call for 71 cents per share. However, the company said $50 million in tariff refunds helped its profits nearly double. “Our plan is to fully reinvest that money in both pricing, to have a superior value proposition, as well as increased marketing across our entire portfolio of brands,” CEO Tarang Amin told CNBC Bumble — Shares fell 5% for the dating app. Bumble posted a loss of 84 cents per share in the second quarter, versus the FactSet consensus estimate fora profit of 25 cents per share. The company shared third quarter guidance, calling for adjusted EBITDA in a range of $56 million and $60 million, versus the FactSet consensus estimate for $68.7 million. CNBC’s Ananya Chetia contributed reporting.
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