Stocks moving in after hours: Palantir, Avis Budget Group, Denny’s
Yahoo Finance anchor Seana Smith checks out several stocks trending in the after-hours trading session.
Video Transcript
SEANA SMITH: Let's take a look at some of the movers that are trending after-hours. We have Palantir, Avis Budget, and Denny's. Kicking it off with Palantir, you're looking at the stock jumping just about 20% in extended trading. The company reporting its first profitable quarter here for the fourth quarter. They also said that they expect 2023 to be the first ever profitable year. That's a big reason why the stock is soaring here in extended trading. Q4 sales, 508.6 million. That beat the Street's expectations.
Revenue from its commercial clients was up about 11% in the fourth quarter. Government sales, that increased by 23%. Over the last three months, still looking at losses of just about 9 and 1/2%. Over the last year, still down about 42%.
Flipping it over to Avis Budget, that stock up nearly 5% in after-hours trading. The company's fourth quarter earnings beating the Street's expectations. Demand for travel in the fourth quarter was strong. And the CEO of Avis saying that he expects that to continue here. Those trends have continued, he said, into the first quarter. You're looking at gains of the last year, up just around 21%. Over the last three months, though, the stock is just barely in negative territory, off just about 3 and 1/2%.
Let's take a look at Denny's. That stock also moving to the upside here, up just about 2 and 1/2%. Adjusted EPS coming in at $0.18. That beat the Street's expectations. Revenue, 120.8 million. That's growth of about 12% here for its most recent quarter. Domestic same store restaurant sales were up 2% on a year over year basis. And the guidance there for same store sales, they see 2023 comps store sales, comp restaurant sales there, with growth of up to 6%, so 3% to 6% growth. You're looking at gains about 2 and 1/2%. Over the last three months, that stock is off about 4%, Dave.
DAVE BRIGGS: OK, Seana, thank you.