Check out the companies making headlines in extended trading. Yelp — Shares of the restaurant review site slid 6% as Yelp posted light second-quarter revenue guidance. The company reported first-quarter earnings of 20 cents a share, surpassing analysts’ estimates of 6 cents a share, per LSEG. Revenue for the period came in line with expectations, however, at $333 million. Sweetgreen — The salad chain popped 5% after Sweetgreen reported first-quarter revenue of $158 million, topping the LSEG consensus estimate of $152 million. Earnings were not immediately comparable with estimates. Akamai Technologies — The cloud company slid nearly 9%, tumbling on the back of weak guidance for the second quarter. Akamai sees adjusted earnings ranging from $1.51 to $1.56 per share on revenue of $967 million to $986 million. Analysts polled by LSEG called for earnings of $1.63 per share and revenue of $1 billion. Array Technologies – The solar tracker tech provider popped 8%. Array’s first-quarter adjusted earnings came in at 6 cents per share on revenue of $153.4 million. Analysts polled by FactSet called for a loss of 4 cents a share on revenue of $141.2 million. Dropbox — Shares rose 2.5% after Dropbox beat first-quarter expectations on the top and bottom lines. The cloud storage company posted adjusted earnings of 58 cents per share on revenue of $631 million. Analysts polled by LSEG had expected per-share earnings of 50 cents on revenue of $629 million. Insulet — The medical device company fell 5% even after Insulet posted first-quarter earnings and revenue that topped expectations. Insulet posted earnings of 73 cents per share, greater than the FactSet consensus estimate of 40 cents earnings per share. Revenue of $441.7 million came in above the expected $424.1 million. Unity Software — The video game software developer dropped 2%. Unity Software posted a first-quarter loss of 75 cents per share, wider than the loss of 63 cents per share anticipated by analysts polled by LSEG. On the other hand, revenue of $460 million topped the $432 million consensus estimate. Gen Digital — The cybersecurity software name jumped about 5%. Gen Digital, which owns LifeLock and Norton, posted fiscal-fourth quarter adjusted earnings of 53 cents, reflecting a 15% increase from the year-ago period, and revenue of $967 million, a 2% jump. — CNBC’s Darla Mercado contributed reporting
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Navan is not far from IPO, on track for 2024 profitability, CEO says
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