Extended trading witnessed significant volatility for various companies. Intuit and Booking Holdings surpassed earnings forecasts, but their shares declined. Live Nation, despite exceeding revenue estimates, gained modestly. Insulet's earnings projection fell short, leading to a share drop. Block performed well, beating revenue expectations and driving its shares up. Carvana's projections fueled a share surge, while MercadoLibre's earnings report caused a significant decline in its shares due to flat earnings and low operating income.
The FTC has filed a complaint against H&R Block for allegedly misleading consumers about its free tax filing products and wrongfully deleting user data. The FTC claims that H&R Block made false claims, made it difficult for users to downgrade to cheaper products, and committed "data-wipes." H&R Block denies these allegations and emphasizes their value, expertise, and pricing. This action follows the FTC's recent scrutiny of tax filing software providers and highlights alternative free filing options for taxpayers.
