Stocks moving in after-hours: Airbnb, TripAdvisor, Devon Energy
Airbnb shares jumped 11% after the home-sharing platform posted fourth-quarter results and guidance which beat Wall Street expectations.
Airbnb sees first quarter revenue between $1.75 billion and $1.82 billion versus estimates of $1.68 billion. Fourth quarter revenue grew 24% to $1.90 billion vs expectations of $1.86 billion. The company’s earnings per share of 48 cents came in well above the 8 cents expected by Wall Street.
In 2022, Airbnb’s active listings grew by 16% compared to 2021.
Trip Advisor shares climbed 6% after the travel company’s fourth-quarter adjusted earnings per share of 16 cents beat analyst estimates of 4 cents.
Revenue of $354 million also came in above expectations of $343.7 million.
Devon Energy (DVN)
Devon Energy shares fell after the company announced it sees 2023 capital expenditure reaching $3.6 billion to $3.8 billion. Wall Street analysts were expecting an average capex of about $3.42 billion.
The energy company’s fourth-quarter core earnings per share of $1.66 came in below expectations of $1.76.
Devon Energy shares declined about 5% in after hours.
Ines is a senior business reporter for Yahoo Finance. Follow her on Twitter at @ines_ferre
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