Here are some of the stocks that made notable moves after the market closed on Wednesday, August 7. Warner Bros. Discovery – The entertainment stock fell 8.5% after announcing a $9.1 billion writedown related to television networks. Warner Bros. Discovery’s second-quarter revenue also came in well below analyst expectations. Zillow – Shares of the real estate platform rose more than 13% in extended trading after a stellar quarterly report. Zillow reported second-quarter adjusted earnings of 39 cents per share, 12 cents more than the estimate based on an LSEG analyst survey. Revenue of $572 million also beat expectations of $538 million. Klaviyo – Shares of the marketing platform provider rose 17%. Klaviyo reported second-quarter results that beat Wall Street estimates. Adjusted earnings were 15 cents per share, while revenue was $222 million. Analysts surveyed by LSEG expected earnings of 10 cents per share and revenue of $212 million. Bumble – Shares of the dating app company fell more than 28% after weaker-than-expected second-quarter sales. Bumble reported revenue of $269 million for the quarter, less than the $273 million analysts expected, according to LSEG. Dutch Bros – Shares of the drive-in coffee company fell 15%. Dutch Bros raised its full-year revenue forecast to $1.215 billion to $1.23 billion, roughly in line with Wall Street’s estimate of $1.228 billion, according to LSEG. However, second-quarter results beat analysts’ expectations for both revenue and profit. JFrog – The technology stock plunged 24% after lower-than-expected third-quarter guidance. The company expects earnings per share between 9 cents and 11 cents on revenue of $105 million to $106 million. Analysts surveyed by LSEG had estimated 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 earned 51 cents per share, more than the 32 cents analysts expected, according to LSEG. Revenue of $178 million was $1 million above expectations. SolarEdge Technologies – The solar power products maker lost nearly 7%. SolarEdge’s second-quarter adjusted loss of $1.79 per share was wider than the $1.58 per share loss analysts expected, according to LSEG. However, revenue was higher than Wall Street estimates, coming in at $265 million versus the $262 million expected. Applovin – The technology stock fell 2% even though the company beat second-quarter earnings estimates. Applovin reported earnings per share of 89 cents, while analysts surveyed by LSEG had expected 75 cents. However, revenue of $1.08 billion narrowly matched expectations, and the company said its number of monthly active payers declined year-over-year. Fastly – The software stock fell 16% after the cloud computing services company gave weak full-year guidance. Fastly expects a loss of between 16 cents and 11 cents per share on revenue of $530 million to $540 million. Analysts surveyed by LSEG had forecast a loss of 11 cents per share and revenue of $558 million. McKesson – The medical supplies company’s stock fell more than 7% after revenue missed expectations in the company’s fiscal first quarter. McKesson reported revenue of $79.28 billion, while analysts expected $82.53 billion, according to FactSet. — CNBC’s Yun Li and Darla Mercado contributed.
