Airbnb Reports Q4 Results, Joins MGM Resorts, Upstart And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Portfolio Pulse from Avi Kapoor
Airbnb reported a Q4 revenue increase of 17% to $2.22 billion, beating estimates but posted a loss of 55 cents per share. The company's shares fell 6.1% in pre-market trading. Other stocks like QuidelOrtho, Nukkleus, Upstart Holdings, BlackLine, HUTCHMED, VIZIO, Corsair Gaming, Maplebear, Topgolf Callaway, and MGM Resorts also saw pre-market declines following their financial results or guidance.
February 14, 2024 | 9:55 am
News sentiment analysis
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NEGATIVE IMPACT
Airbnb reported a 17% revenue increase in Q4 to $2.22 billion, surpassing estimates but experienced a share price drop of 6.1% in pre-market trading.
The revenue beat is positive, but the share price drop indicates market concerns, possibly about the reported loss or future guidance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
BlackLine shares fell 14.2% in pre-market trading following their quarterly results announcement.
The drop in share price indicates investor dissatisfaction or concerns arising from the latest quarterly results.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 85
NEGATIVE IMPACT
Nukkleus fell 27.6% in pre-market trading after a 55% surge on Tuesday, following a report of a 7.2% passive stake by Goldman Sachs.
The drop could be a correction after Tuesday's surge, with the Goldman Sachs stake news possibly already priced in.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
QuidelOrtho shares dipped 32.6% pre-market after reporting worse-than-expected Q4 results and a disappointing FY24 EPS forecast.
The significant pre-market drop reflects investor disappointment with both the Q4 performance and the future earnings outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEGATIVE IMPACT
Upstart Holdings tumbled 19.7% pre-market after issuing Q1 revenue guidance below estimates.
The significant pre-market drop is likely due to investor disappointment with the lower-than-expected revenue guidance for Q1.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90