After-Hours Market Movement: Carvana and Block Stock Prices on the Rise

In after-hours trading, Carvana (CVNA), a company specializing in used car sales, rose by 23% after announcing an expected adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of over $100 million for the first quarter.

Financial services company Block (SQ) increased by 11% after surpassing revenue expectations and upwardly revising its annual operating income forecast.

Applied Optoelectronics (AAOI) experienced a 19% decline after providing a revenue estimate for the first quarter that did not meet analysts’ expectations.

Nu Holdings (NU) faced a 5.5% decrease following a net income announcement below market consensus.

Insulet (PODD) reported earnings that exceeded expectations for the fourth quarter but witnessed a 7.7% decrease. The company predicts its revenue will grow between 12% and 17% throughout the year.

Evolent Health (EVH) rose by 7.5% after announcing financial results that exceeded expectations both in terms of revenue and profit.

Penumbra, Inc. (PEN) faced a 9% decline after the company’s revenue forecast turned out to be lower than analysts had predicted.

source: / prepared by Melisa Beğiç

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