Stocks with the largest after-hours changes: Starbucks, Visa, Teladoc, LendingClub, and others

Market Update on Notable Companies

Several companies are making waves in the market today, notably:

Starbucks: The coffee giant’s stock rose by 3% following a quarterly revenue report of $9.46 billion, which surpassed the estimate of $9.31 billion. However, it’s worth noting that same-store sales have now declined for six consecutive quarters.

Visa: In contrast, Visa’s shares fell by 3%, despite reaffirming its forecast for double-digit net revenue growth in 2025. The company reported earnings of $2.98 per share on revenues of $10.17 billion, beating expectations wherein analysts anticipated $2.85 per share and $9.84 billion in revenue.

Mondelez International: With brands like Oreo and Sour Patch Kids, Mondelez saw its shares decline by nearly 3%. They maintained a cautious outlook for the year, projecting a 10% decrease in earnings per share while expecting around 5% growth in constant currency and organic revenue. Their second-quarter results, however, did exceed Wall Street’s expectations.

Booking Holdings: Shares remained mostly steady. They are targeting a revenue growth of 7% to 9% for the third quarter, slightly less than the 8.6% estimate from analysts. For the second quarter, the company reported adjusted earnings of $55.40 per share on revenues of $6.8 billion, both of which topped expectations.

Caesars Entertainment: Although revenue came in at $2.91 billion for the second quarter, a consensus estimate had anticipated $2.86 billion, leading to a slight drop of 1% in shares.

LendingClub: Shares surged by 18% after revealing robust revenue and profit growth, reporting 33 cents per share against expected earnings of just 15 cents per share on $248.4 million in revenue.

Teladoc Health: The telehealth firm’s stock increased more than 4% after reporting a smaller-than-expected loss of 19 cents per share, compared to the projected 26 cents. Their quarterly revenue also exceeded forecasts at $631.9 million.

Qorvo: Shares soared over 8% after announcing an optimistic second quarter fiscal outlook, aiming for an adjusted profit of $2.00 per share and revenues around $1.025 billion, outperforming analyst projections significantly.

These varied performances illustrate the unpredictable nature of the market, with some companies exceeding expectations while others struggle to maintain revenue growth.