Yahoo Finance Anchor Live Julie Heyman It details Avis Budget Group's (CAR) Q4 revenue loss, Arista Networks (ANET) stock after posting a Q4 win, and ZoomInfo Technologies' (ZI) better-than-expected results.
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Editor's Note: This article was written by Luke Carberry Maughan.
Video version
Julie Heyman: Let's take a look at what's trending after hours now. Avis Budget shares trimmed losses after the car rental company reported fourth-quarter earnings. The stock initially fell, but has regained some ground. The company missed quarterly revenue estimates by $10 million and fourth-quarter earnings fell less than expected, helped by demand and cost-cutting efforts.
After-hours Arista Networks shares fell nearly 7.5%, after a strong quarter for the networking company. It beat the top and bottom lines and delivered first-quarter forecasts in line with Street forecasts. But stocks are falling today. Expectations may have been a little higher when the report was released. If you look at the stock's year-to-date performance, it's up about 19%.
Then there is ZoomInfo. These stocks rose 22%, achieving better than expected results. ZoomInfo also announced a co-pilot powered by generative AI in the release. The context of ZoomInfo is also important. These stocks are down 13% this year. They're down about 40% over the past year. So the other side of Arista is that expectations were pretty low going into this report due to some of the difficulties the company has had recently.
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