To The Moon

While the broader market enter a consolidated stage, some companies experienced roller coaster ride after the earnings release. You can find the stocks that rose or fell most in "Movers & Shakers" on Tiger Trade app.

$Affirm Holdings, Inc.(AFRM)$ fell 20%; $Walt Disney(DIS)$ and $Uber(UBER)$ rose nearly 10%.

1. $Affirm Holdings, Inc.(AFRM)$

$Affirm Holdings, Inc.(AFRM)$  lost over 18% in after-hours trading after the company reported earnings for its second quarter of Fiscal Year 2023.

Revenue: $400 million, missed analysts’ expectations of $416.33 million.

Adjusted EPS: -$1.10, missed analysts’ consensus estimate of -$0.94 per share.

As a result of the poor overall performance, reports noted that massive layoffs are coming. Multiple reports noted that Affirm was set to fire 19% of its total workforce.

Looking forward, management now expects revenue for Q3 2023 to be in the range of $360 million to $380 million. For reference, analysts were expecting $418.01 million in revenue. As for the full year 2023, management expects revenue of between $1.475 billion to $1.55 billion, against a consensus total of $1.64 billion

 2. $Walt Disney(DIS)$

Due to the cost optimization, the revenue and profit of the quarter both exceeded market expectations, but Disney + subscribers declined for the first time.Disney's share price rose by nearly 10% after hours, which is also the most direct feedback from the market.

Revenue: $23.51 billion, higher than the market expectation of $23.39 billion;

Adjusted EPS:0.99 US dollars, higher than estimate of$0.74

Revenue of media, entertainment and distribution department:$14.78 billion,missedexpectation of $15.4 billion

Revenue of parks and experiences: $8.7 billion, beatexpectation of$8.1 billion

3. $Uber(UBER)$

Uber— The ride-hailing app’s shares rose more than 9% after it posted fourth-quarter earnings that topped analyst estimates.

Uber earned 29 cents a share, beating analysts’ estimate of an 18 cent loss, Refinitiv data showed. Uber’s revenue for the quarter was up 49% year-over-year. CEO Dara Khosrowshahi said Uber ended 2022 with its “strongest quarter ever,” capping off its “strongest year.”

4. $Fortinet(FTNT)$

Fortinet— The cybersecurity company’s shares rose 11% after it beat analysts’ estimates in the most recent quarter by five cents a share, according to StreetAccount.

For the fourth quarter, Fortinet earnings on an adjusted basis came in at 44 cents, up 76% from a year earlier. Also, revenue climbed 33% to $1.28 billion, just below estimates.

However, analysts expected Fortinet earnings of 39 cents a share on sales of $1.295 billion for the period ended Dec. 31.