Arm and Disney gain, PayPal falls By

© Reuters After-hours movers: Arm and Disney gain, PayPal falls

After-Hours Stock Movers:

Walt Disney (NYSE:) climbed after reporting strong quarterly results and issuing full year guidance. Disney also raised its dividend and announced a stake in Epic Games.

PayPal (NASDAQ:) declined despite reporting better than expected fourth quarter results. The company told investors earnings per share wouldn’t increase year-over-year in 2024.

Arm Holdings (NASDAQ:) ADRs surged 23% after it reported third-quarter results and guidance that easily beat consensus estimates.

Axcelis Technologies (NASDAQ:) declined 10% after its forecast said full year 2024 revenue will be similar to 2023, with revenue weighted toward the second half.

Wynn Resorts (NASDAQ:) climbed 3.7% after it reported fourth quarter results that beat consensus.

Equifax (NYSE:) declined after reporting FY24 EPS guidance that trailed estimates.

O’Reilly Automotive (NASDAQ:) shares fell after its 2024 earnings per share forecast missed consensus.

Confluent, Inc. (CFLT) gained 15% after reporting strong results for the fourth quarter and issuing guidance that impressed investors.

By Louis Juricic

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