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After-Hours Movers: Pinterest Surges as Elliott Confirms it's the Largest Holder

Stock Markets Aug 01, 2022 05:51PM ET
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© Reuters After-Hours Movers: Pinterest Surges as Elliott Confirms it's the Largest Holder

After-Hours Stock Movers:

Pinterest (NYSE:PINS) 23% HIGHER; reported Q2 results and Elliott Management confirmed a stake in the company, announcing they are now the largest shareholder.

Consolidated Communications (NASDAQ:CNSL) 16% HIGHER; announced today that Clio Subsidiary, LLC, a subsidiary of the Company, has entered into an agreement to sell its limited partnership interests in five wireless partnerships managed by Cellco Partnership, d/b/a Verizon Wireless (NYSE:VZ), to Cellco for an aggregate purchase price of $490 million. The net proceeds of the sales will be invested in the business and used to support the Company's Fiber to the Premises (FttP) build plan. The sales are expected to close by the end of 2022, subject to certain closing conditions and third-party purchase rights available to other partners in the partnerships.

ZoomInfo Technologies Inc (NASDAQ:ZI) 12% HIGHER; reported Q2 EPS of $0.21, $0.03 better than the analyst estimate of $0.18. Revenue for the quarter came in at $267.1 million versus the consensus estimate of $254.63 million. ZoomInfo Technologies Inc. sees Q3 2022 EPS of $0.19-$0.22, versus the consensus of $0.19. ZoomInfo Technologies Inc. sees Q3 2022 revenue of $277-279 million, versus the consensus of $270.21 million. ZoomInfo Technologies Inc. sees FY2022 EPS of $0.78-$0.80, versus the consensus of $0.76. ZoomInfo Technologies Inc. sees FY2022 revenue of $1.08-1.09 billion, versus the consensus of $1.06 billion.

Avis Budget Group (NASDAQ:CAR) 6% HIGHER; reported Q2 EPS of $15.94, $4.35 better than the analyst estimate of $11.59. Revenue for the quarter came in at $3.24 billion versus the consensus estimate of $3.19 billion.

Arista Networks (NYSE:ANET) 5% HIGHER; reported Q2 EPS of $1.08, $0.16 better than the analyst estimate of $0.92. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $978.95 million. Arista Networks sees Q3 2022 revenue of $1.025-1.075 billion, versus the consensus of $0.96 billion.

After-Hours Movers: Pinterest Surges as Elliott Confirms it's the Largest Holder
 

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