Shares of automaker (FSR) plunge after missing on fourth-quarter revenue estimates. The auto company also plans to cut 15% of its workforce.
Zscaler (ZS) slides despite topping earnings expectations.
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Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
- Let's take a look at what's trending after hours. Shares of Fisker, speaking of autos, they're falling. The company reporting preliminary fourth quarter and full year results. Also saying a deal may be on the table with another automaker in order to keep the company afloat. Revenue coming in at $200 million. That's below consensus of $272 million.
And Fisker also announcing a 15% cut to headcount. CEO Henrik Fisker saying that 2023 was a challenging year, including delays with suppliers. He'll be joining us on this show tomorrow. And check out shares of Zscaler, that company reporting earnings after the close as well.
Second quarter results beating estimates on the top and bottom line, but the guidance for the full year also coming in above analysts' expectations. Unclear why the stock is down 7%. It's up about 9% this year, so it's not like it's been screaming higher into earnings. So interesting here. We'll keep on digging into the reasons behind the drop.
