Airbnb (ABNB)
Airbnb shares jumped 11% after the home-sharing platform posted fourth-quarter results and guidance which beat Wall Street expectations.
Airbnb sees first quarter revenue between $1.75 billion and $1.82 billion versus estimates of $1.68 billion. Fourth quarter revenue grew 24% to $1.90 billion vs expectations of $1.86 billion. The company’s earnings per share of 48 cents came in well above the 8 cents expected by Wall Street.
In 2022, Airbnb’s active listings grew by 16% compared to 2021.
TripAdvisor (TRIP)
Trip Advisor shares climbed 6% after the travel company’s fourth-quarter adjusted earnings per share of 16 cents beat analyst estimates of 4 cents.
Revenue of $354 million also came in above expectations of $343.7 million.
Devon Energy (DVN)
Devon Energy shares fell after the company announced it sees 2023 capital expenditure reaching $3.6 billion to $3.8 billion. Wall Street analysts were expecting an average capex of about $3.42 billion.
The energy company’s fourth-quarter core earnings per share of $1.66 came in below expectations of $1.76.
Devon Energy shares declined about 5% in after hours.
Ines is a senior business reporter for Yahoo Finance. Follow her on Twitter at @ines_ferre
Click here for the latest trending stock tickers of the Yahoo Finance platform
Click here for the latest stock market news and in-depth analysis, including events that move stocks
Read the latest financial and business news from Yahoo Finance
Download the Yahoo Finance app for Apple or Android
Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and YouTube
Source: finance.yahoo.com