Teradata Sinks 17% and Arista Jumps 11% as Q2 Earnings Redraw After-Hours Trade
Updated
Updated · CNBC · Aug 4
Teradata Sinks 17% and Arista Jumps 11% as Q2 Earnings Redraw After-Hours Trade
2 articles · Updated · CNBC · Aug 4
Summary
Teradata fell 17% after hours after its third-quarter earnings outlook of 55 to 59 cents a share missed FactSet's 62-cent consensus, making it the sharpest move in a broad earnings-driven session.
Arista Networks rose 11% after beating estimates across Q2 profit, revenue and operating margin, while its third-quarter guidance for both sales and earnings also topped expectations.
Guidance drove several other big reactions: Pinterest slid 8% on a roughly in-line $1.19 billion to $1.21 billion Q3 revenue forecast, and DaVita dropped more than 6% despite a Q2 beat because its full-year EPS range bracketed consensus.
Investors also punished some headline beats that failed to excite, sending AMD down 8% even after slight Q2 revenue and earnings beats and a roughly in-line $13 billion Q3 outlook.
Elsewhere, Booking gained more than 5% on $51 billion in gross bookings, Wynn rose 7%, while newly public SpaceX fell 7% despite $7.81 billion in Q2 revenue above estimates.