After-Hours Stock Movers:
Amazon (NASDAQ:AMZN) stock rose 8.8% after it reported better than expected earnings per share and revenue in the fourth quarter. Amazon also issued a decent forecast for the first quarter of 2024.
Meta Platforms (NASDAQ:META) stock rose 15% after its quarterly results and guidance easily beat consensus estimates. The social media giant also surprised investors by declaring its first ever divided.
Snap (SNAP) stock rose 5% after Meta’s results lifted sentiment for social media companies. Pinterest (NYSE:PINS) was up 4.5%.
Apple (NASDAQ:AAPL) declined 2% despite reporting results that beat estimates on the top and bottom line. While performance was solid, it wasn’t enough to wow investors.
Clorox (NYSE:CLX) stock rose 5% after it reported quarterly results that crushed estimates and raised its guidance for the year, a clear sign of recovery after a cyber-attack impacted operations.
Deckers Brands (DECK) stock rose 6% after it beat estimates on the top and bottom line and issued a strong forecast. Management said HOKA and UGG brands drove exceptional performance.
Skechers USA (NYSE:SKX) stock declined 11% after it reported fourth quarter results and issued guidance for the first quarter and full year that was well below consensus estimates.
Atlassian (NASDAQ:TEAM) declined 10% despite reporting solid results for quarter. On the surface its guidance was not bad, but higher than expected R&D expenses may have spooked investors.