Check out the companies making headlines after the bell : Howard Hughes Holdings — Shares slipped about 5% after Pershing Square’s Bill Ackman upped his takeover offer for the real estate company , vowing to turn it into a “modern-day” Berkshire Hathaway. Ackman said Tuesday that his firm submitted a proposal to acquire 10 million newly issued Howard Hughes shares at $90 per share, higher than the $85 per share from January. Bumble — The online dating company’s stock price plunged nearly 13% after Bumble gave disappointing first-quarter guidance. Bumble said it expects adjusted EBITDA to come out between $60 million and $63 million, and revenue to come out between $242 million and $248 million. Analysts polled by FactSet, meanwhile, expected adjusted EBITDA and revenue of $68.8 million and $256.9 million, respectively, for the period. Bumble’s earnings and revenue for the fourth quarter still came out higher than Wall Street anticipated. Cadence Design — The electronic system designing company saw shares decline about 5%. Although the company’s fourth-quarter earnings and revenue exceeded forecasts from analysts polled by LSEG, its full-year guidance came out below their calls. Cadence said it expects earnings per share, excluding items, to be between $6.65 and $6.75, while analysts called for $6.83 per share. Cadence’s revenue forecast of between $5.14 billion and $5.22 billion is slightly under the consensus call for $5.25 billion. The company’s CEO said Cadence saw record bookings and backlog in 2024. CoStar Group — Shares of the real estate company fell about 6%, hit by lackluster guidance even as the company’s adjusted EBITDA and revenue for its previous quarter blew past expectations. CoStar said it expects first-quarter adjusted EBITDA to be in the range between $25 million and $35 million, while analysts surveyed by FactSet expected $79.5 million. CoStar also anticipates revenue between $711 million and $716 million, short of expectations of $726.4 million, per FactSet. Arista Networks — The data center company’s stock was 4% lower even though its quarterly earnings and revenue, as well as its guidance, topped Wall Street’s expectations. Arista posted adjusted fourth-quarter earnings per share of 65 cents on $1.93 billion in revenue, while analysts polled by LSEG expected earnings of 57 cents per share, excluding items, on $1.90 billion in revenue. Toll Brothers — Shares fell about 5% on the back of the homebuilder’s first-quarter results. Toll Brothers’ revenue of $1.86 billion for the period fell short of expectations of $1.91 billion, from analysts polled by FactSet. The company’s earnings of $1.75 per share also came out under the consensus forecast of $2.04 per share.
Stocks making the biggest moves after hours: ANET, BMBL, CDNS
