Shares shifting massive after hours: CAR, PLTR, ANET, SEDG

Try the businesses making headlines in after-hour buying and selling.

Avis — The automotive rental firm gained 3.5% after beating each top- and bottom-line estimates from analysts polled by Refinitiv. Avis posted adjusted earnings per share of $10.46 on income of $2.77 billion, in contrast with analysts’ estimates of $6.79 in per-share earnings on revenues of $2.69 billion. The corporate cited sturdy demand and stated that has continued within the present quarter.

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Amkor Expertise — Shares of the semiconductor inventory slid 5% after lacking per-share earnings estimates whereas beating expectations for income, in line with FactSet. The corporate additionally gave first-quarter steering that was beneath analysts’ expectations.

Cadence Design — The software program firm gained 4% after beating each top- and bottom-line expectations of analysts polled by FactSet within the fourth quarter. The corporate additionally gave first-quarter steering that was above what analysts anticipated.

Palantir — Shares jumped 18% on the again of quarterly outcomes that got here in forward of analysts’ expectations for per-share earnings and income, in line with Refinitiv. It’s also the primary quarter Palantir posted constructive internet revenue on a GAAP foundation, coming in at $31 million.

Arista Networks — The cloud inventory superior lower than 1% after reporting earnings and income that got here in forward of the consensus estimate set by analysts polled by Refinitiv. The corporate additionally gave current-quarter income steering that was above expectations.

SolarEdge — Shares of the photo voltaic inventory gained lower than 1% after beating earnings and per-share income estimates from analysts polled by FactSet. The corporate additionally stated first-quarter income ought to are available at between $915 million and $945 million in contrast with the analyst consensus estimate of $917.2 million.