After-hours movers: Amazon, Apple, Meta

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 (NYSE: 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 (NYSE: 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.

By Louis Juricic

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