In this photo illustration, the logo of American technology firm Block is displayed on multiple digital screens on March 3, 2023 in London, England.
Leon Neil | Getty Images
Check out the companies making headlines in the advanced commerce space.
Intuition — Shares fell about 1% after the financial software company reported revenue of $3.39 billion in its fiscal second quarter. The result was in line with the expectations of analysts surveyed by LSEG. Adjusted earnings beat Wall Street estimates at $2.63 per share, compared with $2.30 per share expected by analysts.
Living Nation Entertainment — Shares added about 1% during extended trading. Live Nation reported revenue of $5.84 billion, beating analyst estimates of $4.79 billion at LSEG. The entertainment company also posted fourth-quarter operating profit that was slightly below consensus.
Booking holdings — Shares of the online travel company fell more than 4% even after reporting higher profit and revenue in the fourth quarter, with room bookings up 9%. Booking Holdings also announced that it will begin paying a quarterly cash dividend of $8.75 per share.
insulator — Shares of the medical device company fell more than 5% after posting lower-than-expected revenue growth forecasts. Insulet expects revenue to increase 17% to 20% year over year in the first quarter, while analysts polled by FactSet expected growth of 24.3%.
Block — Shares of the payments company soared nearly 11% after revenue increased in the fourth quarter. Block reported revenue of $5.77 billion, while analysts surveyed by LSEG expected $5.70 billion. The company expects gross profit of at least $8.65 billion in 2024, up at least 15% than last year.
Karvana — Shares rose more than 20% after the auto resale company said it expected the number of retail units sold to increase in 2024, but did not give specific numbers. Carvana reported a fourth-quarter loss of $1 per share on revenue of $2.42 billion, missing estimates from analysts surveyed by LSEG.
MercadoLibre — Shares of the e-commerce company fell 8% after it reported fourth-quarter earnings of $3.25 per share, unchanged from the same period last year. Operating income before items was $572 million, while analysts polled by FactSet had forecast $668.5 million.