People line up for t-shirts at a pop-up kiosk for online brokerage Robinhood along Wall Street after the company went public with an IPO earlier today on July 29, 2021 in New York .
Spencer Platt | Getty Images News | Getty Images
Discover the companies making headlines after the bell:
Robinhood – Shares of the trading app fell 15% after the company announced a disappointing revenue forecast for the first quarter of 2022. Its latest earnings report also showed a drop in user numbers. Monthly active users fell to 17.3 million last quarter from 18.9 million in the third quarter.
Apple – The tech stock rose more than 2% in after-hours trading after the company reported its biggest revenue quarter. Its sales increased by more than 11% despite supply difficulties and the lingering effects of the pandemic. Apple beat analyst estimates for sales in all product categories except iPads.
Visa – The credit card company saw its shares jump 5% in extended trading after a better-than-expected earnings report. Visa’s adjusted earnings per share were $1.81, higher than Street’s estimate of $1.70 per share, according to Refinitiv. Its turnover also exceeded expectations.
Western Digital – Shares of the data storage company fell 12% in extended trading, even after a strong earnings report. The company’s EPS came in at $2.30 per share, versus an estimate of $2.13 per share, according to FactSet. Sales also beat analysts’ forecasts. The stock fell more than 17% in 2022.
