Stock market today: Dow, S&P 500, Nasdaq futures dip after Fed holds rates, warns of rising economic risks
Axon Enterprise (AXON)
The Taser and body camera maker saw its stock climb over 5% after delivering a strong beat on both the top and bottom lines. Axon posted adjusted earnings of $1.41 per share on $604 million in revenue, exceeding analyst expectations of $1.27 per share and $584 million.
Bumble (BMBL)
Bumble shares surged more than 7% on Wednesday, despite a lackluster update on user growth. The dating app platform reported flat user numbers for the first quarter, while revenue declined 8% year over year to $247.1 million. Looking ahead, Bumble guided second-quarter revenue in the range of $235 million to $243 million, coming in slightly below the $243.3 million expectation.
Stock in both arms of the real estate tech company fell more than 5% in extended trading after issuing a cautious outlook on the housing market. Zillow managed to post stronger-than-expected results for Q1, reporting adjusted earnings of 41 cents per share on $598 million in revenue. Marking Zillow’s first profitable quarter since 2022.