Earnings live: Rivian stock surges on earnings beat, Pinterest plunges, Crocs soars

Coinbase (COIN) posted a quarterly loss in the fourth quarter amid a sharp retrenchment in the crypto trade that saw bitcoin (BTC-USD) fall 45% over the past six months.

The crypto exchange reported a loss of $667 million, compared with a $1.3 billion profit in the same quarter a year ago. Revenue of $1.78 billion fell below expectations of $1.83 billion, according to S&P Global Market Intelligence.

Transaction revenue of $983 million also fell slightly below estimates. Coinbase said it has seen $420 million of transaction revenue in the first quarter through Feb. 10.

For the first quarter, Coinbase expects subscription and services revenue of $550 million to $630 million, compared to $710 million to $790 million in Q4.

The stock initially sold off but then reversed course and rose 3% in after-hours trading. Shares had fallen about 8% heading into the earnings report as Coinbase users experienced issues buying and selling on the exchange. “Your funds are safe,” a Coinbase customer support account posted on X.

Listen to the Q4 earnings call here at 5:30 p.m. ET.

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Applied Materials (AMAT) stock climbed 9% after the ⁠semiconductor equipment maker beat Wall Street expectations on the top and bottom lines.

The after-hours reaction to Applied Materials’ results added to the strong run for the stock in 2026. Year to date, shares are up 27%.

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Airbnb (ABNB) stock gained 4% in extended trading after the travel company issued an upbeat first quarter revenue outlook, suggesting it’s seeing strong demand for premium bookings.

Airbnb forecast revenue between $2.59 ​billion and $2.63 billion for the quarter, compared with analysts’ expectations of $2.52 billion, according to S&P Global Market Intelligence consensus estimates.

Fourth quarter revenue of $2.78 billion beat expectations of $2.71 billion, but Airbnb’s earnings per share in the quarter of $0.56 missed estimates of $0.65, as the company invested heavily in new experiences and offerings.

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McDonald’s (MCD) said its value campaign to get customers to return to the fast food chain after high prices tarnished its reputation for affordable food is working. And with fourth quarter US same-store sales growing 6.8% during the quarter, there may be some truth to that.

“We’re not going to not win on value,” CFO Ian Borden told Yahoo Finance. “We’ve made, I think, significant progress on our value and affordability platforms and how those are resonating with consumers.”

In the first quarter, McDonald’s is expected to pull back on the support it sent franchisees for the Extra Value Meal push. But Borden suggested that many locations would keep the meal deal, calling it “fundamental in the environment that we’re operating in today.”

Borden and McDonald’s CEO Chris Kempczinski also indicated that they’re aware of the growing adoption of GLP-1 weight-loss medications, especially now that pill versions are rolling out.

“As adoption grows, we know that consumers’ behavior changes,” Kempczinski said. “We know that in general, they eat fewer calories in the day, but also what they eat, the mix of that changes.”

Kempczinski added that the company is factoring in changing diet preferences, such as customers opting for less sugary drinks, into the offerings it is testing.

Read more about how McDonald’s is responding to weight-loss drugs here.

Shares of Crocs (CROX) soared more than 13% in premarket trading on Thursday, after the company reported better-than-expected fourth quarter earnings and a solid earnings outlook for 2026.

For the fourth quarter, Crocs reported earnings per share of $2.29, well above the consensus estimate of $1.91 per share. Revenue totaled $958 million for the quarter, lower than in the same quarter a year ago, but ahead of expectations of $916.09 million.

Crocs noted that it came off a strong holiday season. Sales in Crocs’ direct-to-consumer channel grew 3.6%, while its wholesale revenue declined 15.5%.

The company’s outlook was also upbeat: The company issued full-year profit guidance of $12.88 to $13.35 per share, beating analysts’ estimates of $11.92.

Birkenstock (BIRK) shares fell 3% in premarket trading after the 250-plus-year-old footwear maker missed analyst expectations for its first quarter revenue.

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Equinix (EQIX) stock jumped more than 9% in extended trading after the data center operator issued strong annual revenue guidance on the back of continued artificial intelligence demand.

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Cisco (CSCO) stock fell 5% after the networking company issued guidance below Wall Street forecasts.

For the full year, Cisco raised its guidance for earnings per share to $3.00 to $3.08 on revenue of $61.2 billion to $61.7 billion. However, the Street was looking for earnings guidance of $3.12 on revenue of $62.1 billion.

In Cisco’s second quarter, the company reported earnings per share of $0.80, compared to Wall Street analyst estimates of $0.74 per share, according to S&P Global Market Intelligence. Revenue rose 10% year over year to $15.3 billion, compared to estimates of $15.1 billion.

“We see strong, broad-based demand for our technology solutions and remain focused on capturing the significant opportunities we see ahead,” Cisco CFO Mark Patterson said.

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Vertiv (VRT) stock surged 15% after its 2026 financial forecast surpassed Wall Street’s expectations, as the data center market booms, and digital infrastructure companies like Vertiv aim to keep up with the demand.

For the full year, Vertiv expects its adjusted earnings per share to accelerate, reaching $5.97 to $6.07. The Street was looking for adjusted earnings of $5.51 per share, according to S&P Global Market Intelligence.

“As we look to 2026, we expect this momentum to continue,” Vertiv CEO Giordano Albertazzi said. “Our record backlog provides clear visibility into what we expect to be another year of significant growth.”

The upbeat outlook overshadowed an earnings miss in the fourth quarter. Vertiv reported earnings of $1.14 per share, just shy of estimates of $1.16. Net sales reached $2.88 billion, roughly in line with estimates.