SpaceX's shares fell 7% following its first quarterly report since going public, despite reporting second-quarter revenue of $7.81 billion, which exceeded the LSEG consensus of $6.93 billion. However, the company reported a loss of 9 cents per share, with uncertainty around whether this was better or worse than the expected 26 cent loss.
In contrast, Arista Networks saw an 11% increase in its stock after reporting adjusted earnings of $1.02 per share on revenue of $3.04 billion, surpassing estimates of 88 cents per share and $2.82 billion in revenue.
AMD's shares dropped 8% despite slightly beating consensus estimates with adjusted earnings of $1.66 per share on revenue of $11.54 billion, and guidance for Q3 revenue of $13 billion was in line with expectations. Wynn Resorts' stock rose 7% after reporting adjusted earnings of $1.24 per share on revenue of $1.86 billion, exceeding the consensus estimates.
Astera Labs' shares fell 4% despite beating estimates for the latest quarter and providing strong guidance. Kratos Defense & Security Solutions saw its stock rise up to 8% after reporting revenue that beat estimates across all segments. Pinterest's shares dropped 8% after providing guidance that did not impress investors, despite beating second-quarter estimates.
DaVita's shares fell over 6% despite better-than-expected results and full-year guidance. Teradata's stock plummeted 17% after its Q3 earnings guidance fell short of expectations. Booking Holdings' shares advanced more than 5% after reporting gross bookings of $51 billion, surpassing estimates of $49.35 billion, along with adjusted earnings and revenue that also exceeded expectations