HomeBusinessAvis, Arista Networks, ZoomInfo:...

Avis, Arista Networks, ZoomInfo: After-Hours Earnings


Yahoo Finance Live anchor Julie Hyman breaks down the details around Avis Budget Group’s (CAR) fourth-quarter revenue miss, Arista Networks (ANET) stock after posting a fourth-quarter beat, and ZoomInfo Technologies’ (ZI) better-than-expected results.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor’s note: This article was written by Luke Carberry Mogan.

Video Transcript

JULIE HYMAN: Let’s take a look at what is trending after-hours now. Avis Budget shares paring losses after the car rental company reported fourth quarter earnings. The stock initially plummeted, but did gain back some ground. The company did miss the quarter’s revenue estimates by $10 million and fourth quarter profit fell by less than expected, aided by demand and cost-cutting efforts.

Shares of Arista Networks are sliding after-hours by almost 7.5%, after a strong quarter for the networking company. It did beat on the top and bottom lines and delivered a first quarter forecast in line with the Street’s expectations. But the shares are falling today. Perhaps expectations were running a little bit higher going into the report. If you look at how the shares have done year to date, they’re up about 19%.

And then there’s ZoomInfo. Those shares up 22%, zipping up on better than expected results. ZoomInfo also announcing a Copilot powered by generative AI in the release. The context for ZoomInfo is also quite important. Those shares down 13% this year. They have fallen by nearly 40% over the past year. So it’s the flip side of Arista that the expectations were quite low going into this report because of some recent struggles by the company.



Source link

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Read Now

Jalen Brunson out with left knee injury vs. Cavaliers

CLEVELAND — New York Knicks star Jalen Brunson suffered a left knee injury in the opening minute of a 107-98 win over the Cleveland Cavaliers on Sunday and did not return.The Knicks called the injury “left knee soreness” and originally said Brunson was “questionable” to return,...

Health-care hack spreads pain across hospitals and doctors nationwide

The fallout from the hack of a little-known but pivotal health-care company is inflicting pain on hospitals, doctor offices, pharmacies and millions of patients across the nation, with government and industry officials calling it one of the most serious attacks on the health-care system in U.S....

Israel-Hamas war: Gantz to meet Harris, Blinken on US visit – DW – 03/04/2024

03/04/2024March 4, 2024US VP Harris calls for 'immediate cease-fire' for at least six weeksUS Vice President Kamala Harris called for an "immediate cease-fire" in a speech at an event to commemorate the 59th anniversary of “Bloody Sunday” in Selma, Alabama. "Given the immense scale of suffering in Gaza, there...

Where 52-point loss to Celtics ranks in Warriors franchise history

The Warriors made franchise history with a disastrous 140-88 loss to the Boston Celtics on Sunday at TD Garden. For all the wrong reasons. Golden State's 52-point blowout loss was the fourth-worst in Warriors franchise history, including regular-season and NBA playoff games. Here are the Warriors' 10...

Bruce Willis’ Wife Emma Sets the Record Straight About Actor and His Dementia Battle – E! Online

Make no mistake: Bruce Willis' life is full of joy, his wife says. Emma Heming Willis is setting the record straight about the Die Hard actor after reading what she called a "clickbait" article about the 68-year-old, who has been battling frontotemporal dementia for over a year. "The headline basically says there is no...

Final NASA 2024 spending bill defers decision on MSR funding

WASHINGTON — Congressional appropriators have released a final fiscal year 2024 spending bill that cuts NASA funding from what the agency received in 2023 while deferring a decision on spending for Mars Sample Return (MSR). House and Senate appropriators released March 3 the bill text and report...

How to get Chinchou in Pokemon Go & can in be Shiny? – Dexerto

Philip Trahan  ❘   Published: 2024-03-03T23:04:29  ❘   Updated: 2024-03-03T23:04:40 Pokemon Go trainers can find Johto’s Water/Electric-type, Chinchou, and it’s a surprisingly capable battler. Here’s how to get it and whether or not it can be Shiny. Pokemon Go’s Charged-Up Research Day event focuses on various Electric-type Pokemon including Emolga,...

49ers held formal interviews with multiple O-line prospects

INDIANAPOLIS — The 49ers spent a considerable amount of time at the NFL Scouting Combine meeting with offensive line prospects. The organization took advantage of a loaded draft class of tackles, completing multiple formal interviews with the talented candidates in attendance, as well as a few interior...

Judge’s Ruling Sets Back Law Meant to Fight Money Laundering

In a blow to government efforts to combat money laundering, a federal court has ruled that the Treasury Department cannot require some small businesses to report personal details about their owners.Under a section of a 2020 law that took effect Jan. 1, small businesses must share...

Israel-Gaza live updates: Harris to meet with Israeli war Cabinet member on Monday

(NEW YORK) — More than four months since Hamas terrorists invaded Israel on Oct. 7, the Israeli military continues its bombardment of the neighboring Gaza Strip. The conflict, now the deadliest between the warring sides since Israel’s founding in 1948, shows no signs of letting up soon...