Check out the companies making news after the bell:
Pinterest — Despite a failure on the sales and bottom lines, shares of the image-sharing business rose more than 19% as activist investor Elliott Management disclosed it is now the largest investment. The corporation also outperformed monthly active user projections.
Simon Property Group — Despite a revenue shortfall, Simon Property’s stock increased more than 1% in extended trading. The REIT outperformed earnings predictions by 8 cents per share and provided profits outlook for the entire year that above expectations.
Arista Networks — Following a beat on the top and bottom lines in the most recent quarter, the cloud computing stock gained 4.6 percent after hours. Arista Networks announced adjusted profits per share of $1.08 on $1.05 billion in revenue and provided solid revenue expectations for the upcoming quarter.
Avis Budget – The rental car firm rose 6% in extended trade after reporting a better-than-expected quarter. Avis Budget reported adjusted profits per share of $15.94 on revenue of $3.24 billion. Analysts predicted profits per share of $11.48 on revenue of $3.17 billion.
ZoomInfo – ZoomInfo shares rose 12% after the company beat profit and sales projections for the most recent quarter. The firm announced adjusted earnings per share of 21 cents on $267 million in revenue and raised its full-year estimate.