Here are some stocks that saw notable moves after the close on Wednesday, August 7th. Warner Bros. Discovery’s second-quarter revenue was also $9.7 billion, well below analysts’ expectations of $10.07 billion, according to LSEG. Zillow — Shares of the real estate platform surged more than 13% in after-hours trading after a stellar quarterly report. Zillow reported second-quarter adjusted earnings of 39 cents per share, 12 cents above expectations in a survey of analysts by LSEG. Revenue of $572 million also topped estimates of $538 million. Klaviyo – Shares of marketing platform provider rose 17%. Klaviyo reported second-quarter results that beat Wall Street expectations. Adjusted earnings per share were 15 cents on revenue of $222 million. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of 10 cents per share on revenue of $212 million. Bumble — The dating app company’s second-quarter revenue was weaker than expected and its shares fell more than 28%. Bumble reported revenue of $269 million for the quarter, missing analysts’ expectations of $273 million, according to LSEG. Dutch Bros – Shares of the drive-thru coffee company fell 15%. Holland Brothers raised its full-year revenue guidance to a range of $1.215 billion to $1.23 billion, roughly in line with Wall Street’s forecast of $1.228 billion based on LSEG. However, second-quarter revenue and profit beat analysts’ expectations. JFrog – Technology stocks plunged 24% after third-quarter guidance fell short of expectations. The company said it expected earnings of 9 cents to 11 cents per share on revenue of $105 million to $106 million. Analysts surveyed by LSEG estimated earnings of 14 cents per share on revenue of $108 million. Duolingo — Shares of the language-learning app rose 5% after second-quarter earnings beat estimates. Duolingo said it earned 51 cents per share, beating analysts’ expectations of 32 cents, according to LSEG. Revenue of $178 million was $1 million above expectations. SolarEdge Technologies – The maker of solar products fell nearly 7%. SolarEdge posted an adjusted loss of $1.79 per share in the second quarter, higher than analysts’ expectations of a loss of $1.58 per share, according to LSEG. However, revenue topped Wall Street expectations, coming in at $265 million versus expectations of $262 million. Applovin — The technology stock fell 2% despite the company beating second-quarter profit estimates. Applovin reported earnings of 89 cents per share, while analysts polled by LSEG expected 75 cents. However, revenue of $1.08 billion was only in line with expectations, and the company said its monthly active payer metric was down from a year earlier. Fastly — Shares of Fastly fell 16% after the cloud computing services company issued soft full-year guidance. Fastly said it expected revenue of $530 million to $540 million and a loss of 16 cents to 11 cents per share. Analysts polled by LSEG expected a loss of 11 cents per share on revenue of $558 million. McKesson — Medical supplies stocks fell more than 7% as the company’s fiscal first-quarter revenue fell short of expectations. McKesson reported revenue of $79.28 billion, compared with analysts’ expectations of $82.53 billion, according to FactSet. — CNBC’s Li Yun and Darla Mercado contributed.
