Cloudflare soars and Expedia slips: After-hours movers

02/09/2024 05:47
Cloudflare soars and Expedia slips: After-hours movers

Shares of Cloudflare (NET) are jumping in extended-hours trading on Thursday as the company released its fourth-quarter earnings with revenue at $362.5 million for the quarter, an increase of 32% year-over-year. Full-year 2023 revenue was $1.3 billion. The company also released forecasts for its first quarter revenue at $372.5-$373.5 million, beating Wall Street expectations. Shares of Expedia (EXPE) are sliding in extended-hours trading as the company released its fourth-quarter earning, reporting its highest ever full-year and fourth quarter revenue, both of which grew 10%. In addition, the company announced a transition for its CEO position, Ariane Gorin, the President of Expedia for Business, will succeed Peter Kern starting on May 13th. Yahoo Finance Anchor Julie Hyman breaks down the latest developments for the companies. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino

Shares of Cloudflare (NET) are jumping in extended-hours trading on Thursday as the company released its fourth-quarter earnings with revenue at $362.5 million for the quarter, an increase of 32% year-over-year. Full-year 2023 revenue was $1.3 billion. The company also released forecasts for its first quarter revenue at $372.5-$373.5 million, beating Wall Street expectations.

Shares of Expedia (EXPE) are sliding in extended-hours trading as the company released its fourth-quarter earning, reporting its highest ever full-year and fourth quarter revenue, both of which grew 10%. In addition, the company announced a transition for its CEO position, Ariane Gorin, the President of Expedia for Business, will succeed Peter Kern starting on May 13th.

Yahoo Finance Anchor Julie Hyman breaks down the latest developments for the companies.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Nicholas Jacobino

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