Business

PayPal, Airbnb, Match Group, Caesars and more

A sign is displayed outside PayPal’s headquarters in San Jose, California.

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Find out which companies are making headlines in extended trading.

Matching group — Shares of the dating app operator fell 23% after the company reported revenue of $795 million for the second quarter, compared to FactSet’s estimate of $803.9 million. Match also issued a weak guidance for operating profit and adjusted revenue for the current quarter.

Solaredge Technologies – The solar energy stock fell nearly 13% in after-hours trading following disappointing quarterly results. Solaredge reported EPS of 95 cents, below analysts’ expectations of 88 cents per share, according to FactSet. Revenues were also below estimates.

PayPal — Shares of the payments giant soared 11% after hours after stronger than expected second quarter results and an increase in its forecasts. PayPal also disclosed that it has entered into an information-sharing agreement with Elliott Management.

SoFi — Stocks climbed more than 7% after personal finance the company reported a beat on the top and bottom lines. “As the political, fiscal and economic landscapes continue to change around us, we have maintained a strong and consistent momentum in our business,” SoFi CEO Anthony Noto said in a statement.

Airbnb — Airbnb shares fell about 10% in extended trading after the vacation home rental company had lower revenue than expected for the second trimester. The company also reported more than 103 million nights and experiences booked, the highest quarterly number ever for the company, but below StreetAccount estimates of 106.4 million.

Advanced micro-systems — AMD shares fell nearly 5% despite posting strong quarterly earnings and revenue, after the chipmaker released weaker-than-expected guidance for the third quarter. The chipmaker said it expects $6.7 billion in revenue in the current quarter, plus or minus $200 million. Analysts had expected $6.83 billion.

Entertainment Caesars — The casino company lost about 2% after reported a quarterly loss of 57 cents per share, or 74 cents lower than analysts had expected. It also reported a loss from Caesars Digital of $69 million, compared to $2 million in the comparable period a year earlier.

Robin Hood – Robinhood slipped about 2% after reporting it will reduce its workforce by approximately 23%after having previously made redundant 9% in April, and showing a decline in monthly active users and active on deposit in the second quarter. The investment app operator released its results a day ahead of schedule.

Starbucks — Shares of the coffee chainsaw rose more than 2% after announcing quarterly results better than expected, despite blockages in China that weigh on its performance. In the United States, however, net sales increased 9% to $8.15 billion and comparable store sales increased 3%.

– CNBC’s Sarah Min and Yun Li contributed reporting.

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