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Airbnb Beats Q1 Earnings Estimates but Suffers Stock Price Drop, RingCentral Soars in After-Hours Trading

  • May 09th, 2023
  • 375 views

Airbnb, Inc. (Nasdaq: ABNB) reported better-than-expected earnings for Q1, with an EPS of $0.18, compared to the consensus estimate of $0.09. However, this news did not sit well with investors, as ABNB's stock price saw a significant decrease of $14.23 per share (-11.20%) in after-hours trading, currently trading at $112.84.

RingCentral, Inc. (NYSE: RNG) also had positive earnings news to report, with an adjusted EPS of $0.76 for Q1, beating the consensus estimate of $0.69. This led to a significant increase in RNG's stock price, rising by $2.60 per share (+9.81%) in after-hours trading, currently trading at $29.10.

Expensify, Inc. (Nasdaq: EXFY) has reported a Q1 loss of $0.07 per share, which missed the consensus earnings estimate of $0.08 per share. This news led to a decrease in EXFY's stock price of $0.24 per share (-3.33%) in after-hours trading, with the stock currently trading at $7.00.

Finally, Quanterix Corporation (Nasdaq: QTRX) reported a Q1 loss of $0.16 per share, which was better than the consensus loss estimate of $0.38 per share. Despite this positive news, QTRX's stock price saw only a small increase of $0.04 per share (+0.23%) in after-hours trading, currently trading at $17.54.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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