After-hours movers: Apple gains on surprise beat, Lyft tumbles

After-Hours Stock Movers:

Trupanion (TRUP) 27% LOWER; reported Q1 EPS of ($0.60), $0.33 worse than the analyst estimate of ($0.27). Revenue for the quarter came in at $256.3 million versus the consensus estimate of $251.68 million.

Carvana Co. (CVNA) 24% HIGHER; reported Q1 Revenue for the quarter at $2.61 billion versus the consensus estimate of $2.66 billion. The company expects to achieve positive adjusted EBITDA in Q2.

Clearfield, Inc. (CLFD) 24% LOWER; reported Q2 EPS of $0.67, $0.08 better than the analyst estimate of $0.59. Revenue for the quarter came in at $71.8 million versus the consensus estimate of $69.36 million. Clearfield, Inc. sees FY2023 revenue of $260-275 million, versus the consensus of $366 million.

Lyft (LYFT) 15% LOWER; reported Q1 EPS of ($0.50), $0.42 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $1 billion versus the consensus estimate of $981.71 million. Lyft sees Q2 2023 revenue of $1-1.02 million, versus the consensus of $1.08 million.

DraftKings (DKNG) 9% HIGHER; reported Q1 EPS of ($0.51), $0.34 better than the analyst estimate of ($0.85). Revenue for the quarter came in at $770 million versus the consensus estimate of $694.81 million.

Apellis Pharmaceuticals, Inc. (APLS) 8% HIGHER; reported Q1 EPS of $1.56, $0.10 worse than the analyst estimate of $1.66. Revenue for the quarter came in at $44.84 million versus the consensus estimate of $26.1 million.

Sweetgreen, Inc (SG) 7% HIGHER; reported Q1 EPS of ($0.30), $0.08 better than the analyst estimate of ($0.38). Revenue for the quarter came in at $125.1 million versus the consensus estimate of $126.11 million. Sweetgreen, Inc sees FY2023 revenue of $575-595 million, versus the consensus of $585.43 million.

Microchip Technology (MCHP) 6% LOWER; reported Q4 EPS of $1.64, $0.02 better than the analyst estimate of $1.62. Revenue for the quarter came in at $2.23 billion versus the consensus estimate of $2.23 billion. Microchip Technology sees Q1 2024 EPS of $1.63-$1.65, versus the consensus of $1.64. Microchip Technology sees Q1 2024 revenue of $2.26-2.32 billion, versus the consensus of $2.23 billion.

DoorDash (DASH) 5% HIGHER; reported Q1 EPS of ($0.41), $0.17 better than the analyst estimate of ($0.58). Revenue for the quarter came in at $2.04 billion versus the consensus estimate of $1.93 billion.

Apple (AAPL) 2% HIGHER; reported Q2 EPS of $1.52, $0.09 better than the analyst estimate of $1.43. Revenue for the quarter came in at $94.8 billion versus the consensus estimate of $92.9 billion. Raised its quarterly dividend 4.3% and authorized an additional program to repurchase up to $90 billion of the Company’s common stock.