After-hours movers: Block gains following results, Bill.com sinks

After-Hours Stock Movers:

Bill.com (BILL) 33% LOWER; reported Q1 EPS of $0.54, $0.04 better than the analyst estimate of $0.50. Revenue for the quarter came in at $305 million versus the consensus estimate of $298.56 million. Bill.com sees Q2 2024 EPS of $0.35-$0.44, versus the consensus of $0.48. Bill.com sees Q2 2024 revenue of $293-303 million, versus the consensus of $319 million. Bill.com sees FY2024 EPS of $1.64-$1.97, versus the consensus of $1.95. Bill.com sees FY2024 revenue of $1.205-1.245 billion, versus the consensus of $1.3 billion.

Block (SQ) 20% HIGHER; reported Q3 EPS of $0.55, $0.08 better than the analyst estimate of $0.47. Revenue for the quarter came in at $5.62 billion versus the consensus estimate of $5.42 billion. Also, instituting an initial authorization to repurchase $1 billion in shares.

Fortinet (NASDAQ:) 18% LOWER; reported Q3 EPS of $0.41, $0.05 better than the analyst estimate of $0.36. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.35 billion. Fortinet sees Q4 2023 EPS of $0.42-$0.44, versus the consensus of $0.42. Fortinet sees Q4 2023 revenue of $1.38-1.44 billion, versus the consensus of $1.5 billion. Fortinet sees FY2023 EPS of $1.54-$1.56, versus the consensus of $1.51. Fortinet sees FY2023 revenue of $5.27-5.33 billion, versus the consensus of $5.4 billion.

Atlassian (NASDAQ:) 13% LOWER; reported Q1 EPS of $0.65, $0.11 better than the analyst estimate of $0.54. Revenue for the quarter came in at $978 million versus the consensus estimate of $965.7 million. Atlassian sees Q2 2024 revenue of $1.01-1.03 billion, versus the consensus of $1.02 billion.

Paramount Global (PARA) 10% HIGHER; reported Q3 EPS of $0.30, $0.19 better than the analyst estimate of $0.11. Revenue for the quarter came in at $7.13 billion versus the consensus estimate of $7.13 billion.

DraftKings (NASDAQ:) 7% HIGHER; reported Q3 EPS of ($0.61), $0.08 better than the analyst estimate of ($0.69). Revenue for the quarter came in at $790 million versus the consensus estimate of $699.14 million. DraftKings sees FY2023 revenue of $3.67-3.72 billion, versus the consensus of $3.53 billion. DraftKings sees FY2024 revenue of $4.5-4.8 billion, versus the consensus of $4.29 billion.

Expedia (NASDAQ:) 7% HIGHER; reported Q3 EPS of $5.41, $0.42 better than the analyst estimate of $4.99. Revenue for the quarter came in at $3.93 billion versus the consensus estimate of $3.86 billion. Announces $5 billion stock buyback.

Cloudflare (NYSE:) 7% LOWER; reported Q3 EPS of $0.16, $0.06 better than the analyst estimate of $0.10. Revenue for the quarter came in at $335.6 million versus the consensus estimate of $330.51 million. Cloudflare sees Q4 2023 EPS of $0.12, versus the consensus of $0.10. Cloudflare sees Q4 2023 revenue of $352-353 million, versus the consensus of $356.3 million.

Burlington Stores Inc. (NYSE:) 7% HIGHER; will replace Envestnet Inc . (NYSE:) in the S&P MidCap 400.

Apple (NASDAQ:) 1% LOWER; reported Q4 EPS of $1.46, $0.07 better than the analyst estimate of $1.39. Revenue for the quarter came in at $89.5 billion versus the consensus estimate of $89.31 billion.