After-hours movers: AppLovin surges on strong results, Disney gains on streaming price hikes

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AppLovin (APP) 21% HIGHER; reported Q2 EPS of $0.22, $0.14 better than the analyst estimate of $0.08. Revenue for the quarter came in at $750 million versus the consensus estimate of $723.97 million. AppLovin sees Q3 2023 revenue of $780-800 million, versus the consensus of $741.41 million.

Sonos (SONO) 11% HIGHER; reported Q3 EPS of $0.16, $0.32 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $373.4 million versus the consensus estimate of $335.91 million.

The Trade Desk Inc. (TTD) 5% LOWER; reported Q2 EPS of $0.28, $0.02 better than the analyst estimate of $0.26. Revenue for the quarter came in at $464 million versus the consensus estimate of $454.71 million. The Trade Desk Inc. sees Q3 2023 revenue of at least $485 million, versus the consensus of $479.61 million.

Illumina (ILMN) 5% LOWER; reported Q2 EPS of $0.32, $0.30 better than the analyst estimate of $0.02. Revenue for the quarter came in at $1.18 billion versus the consensus estimate of $1.16 billion. Illumina sees FY2023 EPS of $0.75-$0.90, versus the consensus of $1.33.

Leslie’s, Inc. (LESL) 5% HIGHER; CEO buys $350,000 in stock.

Walt Disney (DIS) 3% HIGHER; reported Q3 EPS of $1.03, $0.04 better than the analyst estimate of $0.99. Revenue for the quarter came in at $22.33 billion versus the consensus estimate of $22.49 billion. Will raise streaming prices by at much as 27%.

Kenvue Inc. (KVUE) 3% HIGHER; will be added to the S&P 500.