Yahoo Finance Live anchor Julie Hyman breaks down the details around Avis Budget Group’s fourth-quarter revenue miss, Arista Networks stock after posting a fourth-quarter beat, and ZoomInfo Technologies’ better-than-expected results. According to Hyman, Avis Budget shares initially plummeted after the car rental company reported fourth-quarter earnings but did gain back some ground. The company missed the quarter’s revenue estimates by $10 million, and the fourth-quarter profit fell by less than expected, aided by demand and cost-cutting efforts. Arista Networks shares are sliding after-hours by almost 7.5%, despite a strong quarter for the networking company. It did beat on the top and bottom lines and delivered a first-quarter forecast in line with the Street’s expectations. ZoomInfo shares, on the other hand, are up 22%, zipping up on better-than-expected results and announcing a Copilot powered by generative AI in the release.
Julie Hyman goes into detail about the trending after-hours actions of Avis Budget, Arista Networks, and ZoomInfo Technologies. She explains that while Avis Budget shares initially took a hit, they later recovered despite missing revenue estimates and experiencing a less-than-expected drop in fourth-quarter profit. Arista Networks shares, on the other hand, slid after the networking company posted a strong quarter, with analysts speculating that perhaps expectations were running higher going into the report. Meanwhile, ZoomInfo shares are up 22%, offering a sharp contrast to Arista Networks. They are zipping up on better-than-expected results, with the company also announcing a Copilot powered by generative AI in their release.
The news article, written by Luke Carberry Mogan, highlights Julie Hyman’s expert insight into the latest market action and details the trending after-hours movement of Avis Budget, Arista Networks, and ZoomInfo Technologies. Despite missing revenue estimates and experiencing a drop in fourth-quarter profit, Avis Budget shares eventually gained back some ground. Arista Networks shares took a hit despite posting strong results, while ZoomInfo shares soared with better-than-expected results and the announcement of a Copilot powered by generative AI.