Stocks moving in after hours: Applied Materials, DraftKings, Redfin

In this article:

Yahoo Finance Live’s Seana Smith looks at several stocks trending in the after-hours trading session.

Video Transcript

DAVE BRIGGS: All right, let's check in with Seana. What's moving after-hours, my friend?

SEANA SMITH: We've got three stocks for you here. We have Applied Materials, DraftKings, and Redfin. Getting right to it, Applied Materials, that stock up just about 1% here in extended trading. Pretty solid results from the company. Their adjusted EPS beat the Street's expectations. Revenue growth of 7% on a year over year basis was also better than what the Street was looking for. Guidance for its second quarter-- that's the current quarter right now-- was also better than the Street had anticipated. So some bright spots here in the chip sector in the chip industry, which we have, of course, been closely tracking.

So far, year to date, you're looking at gains of just about 18%. Flipping it over to DraftKings, look at that, a jump up about 7% here in extended trading. Pretty solid numbers here from the company. Revenue coming in 855 million. That was a beat. Monthly unique players coming in at 2.6 million, topping the Street's expectations of 2 and 1/2 million. Also, that's an increase of 31% from just a year ago during the quarter. So a huge jump that we are seeing in monthly unique players.

They also boosted their full year revenue forecast slightly, adding to some of that optimism. Year to date, we're looking at gains of about 56%. I think some of the commentary, some of the focus on this earnings call is going to be anything that Jason Robins, the CEO there, says about the current quarter. Super Bowl, we know we're expecting to be a huge win here for DraftKings.

Rounding it out with Redfin, that stock now off about 2% here. Revenue did come in better than expected, 479.7 million. Also, their guidance here, revenue guidance for the current quarter for the first quarter was also a beat. Some concern, though, about wider than expected losses. That's why we're seeing shares trade to the downside, off just about 2%. Year to date, clearly, the stock has been on a tear, up just about 112%. But certainly some questions about the housing market could potentially weigh on Redfin here going forward, Dave.

DAVE BRIGGS: All right. Good stuff, Seana. Thank you.

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