HomeFinance NewsFinanceAfter-Hours Market Madness: Block, Carvana, and Booking Holdings Make Drastic Moves -...

After-Hours Market Madness: Block, Carvana, and Booking Holdings Make Drastic Moves – Investors Brace for Surprises


Stocks making the biggest moves after hours: Block, Carvana, Booking Holdings and more


There were big swings for several companies in extended trading.

Intuit, a financial software company, beat analysts’ expectations for earnings but shares fell 1%.

Live Nation Entertainment surpassed revenue estimates but shares gained slightly.

Booking Holdings topped earnings and revenue forecasts but shares dropped 4% despite a cash dividend announcement.

Insulet, a medical device company, projected lower revenue growth than analysts anticipated, causing its shares to fall 5%.

Block, a payment company, beat revenue expectations and soared 11%.

Carvana, a car resale company, projected growth in retail units sold for 2024 but missed analysts’ estimates for the fourth quarter, leading to a 20% increase in its shares.

Lastly, MercadoLibre, an e-commerce company, reported flat earnings and lower-than-expected operating income, causing its shares to tumble 8%.

  • Overall sentiment: neutral
  • Positive

    “Shares of the payment company soared nearly 11% on the heels of a fourth-quarter revenue beat.”

    “Carvana posted a fourth-quarter loss of $1 per share on revenue of $2.42 billion, missing the estimates of analysts.”


    “Booking Holdings — The online travel company fell more than 4% even after reporting a fourth-quarter earnings and revenue beat, while room nights booked increased by 9%.”

    “MercadoLibre — The e-commerce company tumbled 8% after it posted fourth quarter earnings of $3.25 per share, flat from the year-ago period.”

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