24 Feb Stocks making the biggest moves after hours: HIMS, TEM, FANG
Check out the companies making headlines in after-hours trading: Hims & Hers Health — The telehealth stock fell more than 17%. Hims & Hers reported a gross margin of 77% for the fourth quarter, while analysts polled by StreetAccount expected 78.4%. This overshadowed the company’s top- and bottom-line beats for the quarter. Zoom Communications — Shares of the video-conferencing company fell about 1% after Zoom Communications delivered a revenue outlook that narrowly missed analysts’ expectations. The company is calling for full-year revenue of $4.79 billion to $4.80 billion, while analysts polled by LSEG looked for $4.81 billion. Cleveland-Cliffs — The steel producer pulled back 2% after its fourth-quarter results missed Wall Street’s expectations. Cleveland-Cliffs reported a loss of 92 cents per share on $4.33 billion in revenue. Analysts had penciled in a loss of 61 cents per share and $4.43 billion in revenue for the quarter, per LSEG. Tempus AI — Shares tumbled 7% on the heels of the health tech company’s weaker-than-expected fourth-quarter revenue. Tempus AI reported revenue of $201 million, below the $203 million that analysts surveyed by LSEG were looking for. Losses per share, however, came in narrower than expected for the period. Diamondback Energy — The oil and natural gas stock rose 1% following the company’s strong quarterly results. The company posted adjusted earnings of $3.64 per share on $3.71 billion in revenue for the fourth quarter, above the consensus estimate of $3.35 per share and $3.53 billion in revenue, according to LSEG. Topgolf Callaway Brands — Shares added about 3% after the golf company posted fourth-quarter results that beat estimates. Topgolf reported a loss of 33 cents per share on revenue of $924 million, while analysts polled by LSEG anticipated a loss of 42 cents per share and $885 million in revenue. — CNBC’s Darla Mercado contributed reporting.