Shopify, Uber, Lyft, Intel, Tesla, Tripadvisor, DoubleVerify, ZoomInfo, Affirm, and more transportation companies

Reddit Shares rose 4% after the social media platform reported a smaller-than-expected loss in the first quarter and revenue in the period jumped to $243 million from $163.7 million a year earlier, beating analysts’ estimates of $214 million. This was Reddit’s first report as a public company. Reddit said the number of daily active users increased 37% to 82.7 million. For the second quarter, Reddit said it expects revenue between $240 million and $255 million, which beats the analyst consensus of $227.5 million.

Tesla shares fell 1.9% after a report from Reuters said that US prosecutors were investigating the electric car maker to see if statements made by the company and CEO Elon Musk about the company’s driver-assistance technology were considered fraud.

Arista Networks

It announced first-quarter revenue that rose more than expected and the cloud networking company said its board of directors authorized additional stock buybacks of up to $1.2 billion. Arista reported adjusted earnings for the quarter of $1.99 per share, beating analysts’ estimates of $1.74. Revenue rose 16% from the previous year to $1.57 billion. Shares jumped 6.2%.

Match Group shares fell by 4.7%. First-quarter earnings beat analysts’ expectations, but customers paying for the dating app Tinder fell and Match issued second-quarter guidance that fell short of expectations.

Tripadvisor stock fell 29% after a special committee of its board of directors decided that a potential sale of the online travel booking company was not “in the best interests of the company and its shareholders.” In February, Tripadvisor said it would form a special committee to evaluate potential deals.

DoubleVerify stock fell 40% after the ad data software company cut its full-year forecast, saying it expects revenue between $663 million and $675 million, down from previous guidance of $688 million to $704 million. The company also said it expects adjusted EBITDA in 2024 to be between $199 million and $211 million, compared to a previous range of $205 million to $221 million. The company said it lowered guidance “due to uneven spending patterns among select major advertisers.”

Dutch Bros stock rose 11% after the coffee chain Raise revenue forecasts For the year. The company said same-store sales in the first quarter rose 10% and revenue jumped 39.5% year over year to $275.1 million.

Upstart Holdings stock fell 7.6% after the AI ​​lending company Second quarter forecasts Analysts’ expectations were disappointed. Upstart said it expects revenue of $125 million in the period and an adjusted EBITDA loss of $25 million. Analysts had expected revenue of $145 million and an EBITDA loss of $5.9 million.

Shares of ZoomInfo Technologies fell 26% after guidance from the provider of customer contact information databases for second-quarter revenue of $306 million to $309 million, was below analyst estimates of $313.2 million.

Anheuser-Busch InBev stock rose 4%. Budweiser Brewery said first-quarter net profit was $1.09 billion, down from $1.64 billion a year earlier. Core earnings per share rose to 75 cents per share, beating expectations of 62 cents. Revenue in the period rose 2.6% to $14.55 billion and beat expectations.

Twilio shares fell 8.5% after the cloud communications company said it expected Second quarter revenue From $1.05 billion to $1.06 billion, below Wall Street expectations of $1.08 billion. The company reported first-quarter adjusted earnings of 80 cents per share, beating estimates of 59 cents.

A decline of 9.5% was confirmed. The stock rose earlier in the session after the consumer lending company reported a smaller-than-expected quarterly loss and provided upbeat guidance.

Earnings reports are expected after the closing bell on Wednesday from Arm Holdings
,

Airbnb, Trade Desk
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HubSpot
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Lee Otto
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AppLovin
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AMC Entertainment
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And Robinhood Markets
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Write to Joe Woelfel at [email protected]