24H|Figma Soared 16%; DoorDash Shares Advanced 14%; EBay Up 5%; Occidental Up 3%; Carvana Shares Slumped 16%

Tiger Newspress
6 hours ago

Shares of Figma $(FIG)$ soared 16% in overnight trading. Revenue for the fourth quarter came out to $304 million, growing 40% from a year before and beating the FactSet consensus of $293 million. Figma reported adjusted earnings of 8 cents a share, in line with analysts' projections.

DoorDash (DASH) shares advanced 14% in overnight trading as a top- and bottom-line miss was overshadowed by a beat on the number of total orders, the cash value of orders, and upbeat guidance for the current quarter.

EBay forecast first-quarter revenue above Wall Street estimates on Wednesday and announced the acquisition of fashion marketplace Depop from Etsy ETSY.N for nearly $1.2 billion, sending its shares up more than 5% in overnight trading.

Occidental Petroleum OXY.N beat Wall Street expectations for fourth-quarter profit on Wednesday, as strength in its midstream unit helped the U.S. shale producer offset weaker crude oil prices. Shares of the company rose 3% in overnight trading.

Carvana shares slumped 16% in overnight trading as the online used-car retailer missed fourth-quarter profit expectations on higher costs.

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