Stocks on the Move: Workday, Zoom Video, CarGurus, Unity Software, Staar Surgical, Hims & Hers

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The stock market is always full of surprises, and after-hours trading can often bring significant shifts in stock prices. In this article, we will discuss the biggest movers after hours and what led to these changes.

Workday: A Bumpy Ride

Enterprise software company Workday experienced a sharp decline of 9% in its stock price following the release of its fourth-quarter earnings report. While the company beat analysts’ expectations in adjusted earnings by 10 cents per share, posting $1.57, its revenue aligned with the consensus estimate at $1.92 billion. Workday also maintained its subscription revenue guidance for the 2025 fiscal year.

Zoom Video: Surging Ahead

On the other hand, video conferencing giant Zoom Video saw its stock surge by 11% after an impressive fourth-quarter earnings report. Zoom earned $1.42 per share, excluding items, surpassing analysts’ forecast of $1.15 per share. The company’s revenue also exceeded expectations, reaching $1.15 billion compared to the projected $1.13 billion. Additionally, Zoom announced a $1.5 billion share buyback, further boosting investor confidence.

CarGurus: Guidance Woes

Online car-selling platform CarGurus suffered a 9% drop in its stock price due to weak guidance for the current quarter. While the company performed well in its quarterly report, surpassing Wall Street predictions, investors focused on the disappointing guidance. CarGurus projected earnings between 24 cents and 29 cents per share and revenue ranging from $201 million to $221 million, whereas analysts expected 31 cents per share and $236 million in revenue.

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Unity Software: Adjusted Expectations

Content creator platform provider Unity Software experienced a 17% plunge in its stock price due to underwhelming guidance for current-quarter adjusted earnings. Analysts had anticipated earnings of $113 million, but Unity projected a figure between $45 million and $50 million. Despite this setback, the company recorded better-than-expected revenue for the fourth quarter.

Staar Surgical: Falling Short

Eye care stock Staar Surgical faced a 4% decline after reporting lower-than-expected earnings for the fourth quarter and providing soft guidance. The company posted 16 cents in earnings per share, missing analysts’ estimate of 17 cents per share. Additionally, Staar Surgical guided its full-year revenue to range between $335 million and $340 million, falling short of the projected $349 million.

Hims & Hers: Healthy Growth

Consumer-focused health platform Hims & Hers, however, had a reason to celebrate as its stock jumped 15% following a positive earnings report and strong guidance. Hims & Hers reported earnings of 1 cent per share and $247 million in revenue for the fourth quarter, surpassing analysts’ expectations of a loss of 2 cents per share and $246 million in revenue. The company also provided an optimistic outlook for current-quarter revenue and adjusted EBITDA, exceeding analysts’ anticipations.

This wraps up the biggest stock movers after hours, with each company experiencing unique highs and lows. Keep an eye on these stocks and stay tuned for further market updates. For more financial news and insights, visit Business Today.