Let’s check out the companies that are becoming a hot topic for after-hours trading. Disney — Shares rose about 6% in after-hours trading, buoyed by better-than-expected fiscal first-quarter profits. Disney said it expects adjusted earnings to increase 20% to $4.60 per share in 2024 and announced a new stock buyback program and reinstated dividend. The company has also invested in Epic Games, the publisher of the video game Fortnite, among other news. PayPal — PayPal’s stock price fell by more than 3%. Fourth-quarter results beat Wall Street expectations, but the company’s forecasts came in below expectations. LSEG (formerly Refinitiv) is expected to report full-year earnings per share of $5.10, compared to analysts’ expectations of $5.48. PayPal announced that its active users fell to 426 million, which was lower than Wall Street’s expectations of 427.17 million, according to Street Accounts. Oscar Health — Shares rose more than 24% on the company’s full-year earnings guidance, which beat Wall Street expectations. The company expects full-year sales in the range of $8.3 billion to $8.4 billion, compared with the $6.9 billion expected by analysts surveyed by FactSet. Wynn Resorts — The casino operator’s stock rose about 3% on both adjusted earnings per share and revenue in the fourth quarter. Wynn reported earnings of $1.91 per share and revenue of $1.84 billion, compared to analysts’ expectations compiled by LSEG of $1.15 per share and revenue of $1.74 billion. It was a million dollars. Allstate — The insurer’s stock rose 2% after fourth-quarter net written premiums of $12.64 billion fell short of the $12.72 billion expected by analysts surveyed by FactSet. Arm Holdings — The chipmaker’s stock soared nearly 30% after Arm beat Wall Street expectations for fiscal third-quarter revenue and bottom line and issued better-than-expected fourth-quarter earnings guidance. The company now expects fourth-quarter sales in the range of $850 million to $900 million, compared to the $780 million expected by analysts surveyed by LSEG. The company’s fourth-quarter profit forecast also exceeded Wall Street expectations. Monolithic Power Systems — beat Wall Street expectations in the fourth quarter, sending shares up nearly 8%. The company reported earnings per share of $2.88, excluding items, and sales of $454 million. Analysts surveyed by FactSet expected the company to report earnings of $2.85 per share on revenue of $452.1 million.
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