Take a look at the companies making headlines in after-hours trading: Apple. Shares of the iPhone maker rose 7% as it announced a $110 billion share buyback and higher revenue and profit. Apple posted fiscal second-quarter earnings of $1.53 per share on revenue of $90.75 billion, beating analysts’ estimates of earnings of $1.50 per share on revenue of $90.01 billion at LSEG. Expedia — Shares of the online travel company fell about 8% in after-hours trading. Expedia lowered its full-year forecast to mid- to high-single digit revenue growth, citing Vrbo’s slowing growth rate and the pace of accelerating business-to-consumer revenue growth. Expedia reported better first-quarter revenue of $2.89 billion, beating analysts’ estimates of $2.81 billion at LSEG. Amgen – Biotechnology company grew 11%. Amgen reported adjusted earnings of $3.96 per share on revenue of $7.45 billion in the first quarter. Analysts surveyed by LSEG expected earnings of $3.87 per share and revenue of $7.44 billion. The company also said it would move its injectable obesity drug into phase 3 trials but would no longer pursue an experimental diet pill. which is under development. Fortinet — Shares of the security company fell 8%. The midpoint of Fortinet’s billing guidance for the second quarter and full year was slightly lower than analysts had expected. Fortinet reported adjusted earnings of 43 cents per share and revenue of $1.35 billion in the first quarter, while analysts polled by LSEG had forecast 38 cents per share and revenue of $1.34 billion. Block – The payment services provider rose by 6%. Block reported adjusted earnings of 85 cents per share on revenue of $5.96 billion in the first quarter. The results beat analysts’ estimates of earnings of 72 cents per share and revenue of $5.82 billion per LSEG. Cloudflare — Shares of the cloud services provider fell 13% after the company issued weak full-year revenue guidance. However, first-quarter results beat Street estimates. Cloudflare reported adjusted earnings of 16 cents per share on revenue of $379 million, compared with consensus estimates calling for earnings of 13 cents per share and revenue of $373 million per LSEG. DaVita — Shares of the healthcare provider rose 3% in extended trading after DaVita posted adjusted first-quarter earnings of $2.38 per share, while analysts polled by FactSet had forecast $1.95 per share. . Revenue of $3.07 billion also beat expectations of $3.03 billion. — CNBC’s Christina Cheddar-Burke contributed reporting.
