After hours trading saw significant movements in several companies. Hims & Hers Health experienced a decline of over 6% as it projected adjusted EBITDA for the current quarter between $35 million and $55 million, falling short of the $70 million expected by analysts.
Aecom, on the other hand, saw its shares rise by 2% after raising its full-year adjusted earnings guidance to between $5.90 and $6.10 per share, surpassing previous estimates. Archer Aviation's stock increased by 2%, reporting $1.8 billion in liquidity at the end of its first quarter, although its revenue of $1.6 million was below the $1.7 million consensus.
Webtoon Entertainment's shares plummeted 15% after it guided for second-quarter revenue between $332 million and $342 million, missing the $348 million forecast, and its adjusted EBITDA forecast also fell short of expectations.
Cleanspark's shares dropped nearly 5% as it reported second-quarter losses of $1.52 per share, significantly wider than the anticipated loss of 56 cents, with revenue also missing estimates. Mara Holdings, another crypto miner, lost 5% after reporting a first-quarter loss of $3.31 per share, larger than the expected loss, and revenue that fell short of estimates.
AST SpaceMobile's stock fell close to 9% despite reaffirming its full-year revenue outlook of $150 million to $200 million, which aligns with the consensus estimate.
Gitlab's shares decreased by 8% following CEO Bill Staples' announcement of a restructuring plan that includes workforce reductions and a shift towards agentic AI, although specific details on job cuts and financial impacts were not disclosed. These movements reflect the varied responses of the market to earnings guidance and performance relative to analyst expectations