According to CNBC, Hims & Hers Health fell more than 6% in after-hours trading after the telehealth provider guided for current-quarter adjusted EBITDA of $35 million to $55 million, well below the roughly $70 million consensus tracked by LSEG.
Aecom rose about 2% after raising its full-year adjusted earnings guidance to $5.90-$6.10 per share, above the prior range of $5.85-$6.05. The infrastructure consulting firm also reported a second-quarter adjusted earnings and revenue beat, per FactSet estimates.
Archer Aviation advanced about 2% after saying it ended its first quarter with roughly $1.8 billion in liquidity. First-quarter revenue totaled $1.6 million, versus a FactSet consensus of $1.7 million.
Webtoon Entertainment shares tumbled 15% after the webtoon platform guided for second-quarter revenue of $332 million to $342 million, below FactSet’s consensus of $348 million. The company also forecast second-quarter adjusted EBITDA of $0 to $5 million, short of the $12.1 million expected. First-quarter revenue was $320.9 million, slightly below the $321.6 million consensus, per FactSet.
Cleanspark fell nearly 5% as second-quarter losses widened to $1.52 per share, versus a consensus loss of $0.56. The company also reported second-quarter revenue of $136.4 million, below the $145.4 million estimate from FactSet.
Mara Holdings dropped about 5% after posting a first-quarter loss of $3.31 per share, larger than the $1.51 per share expected by analysts. Revenue came in at $174.6 million, missing the $181.9 million consensus, per FactSet.
AST SpaceMobile slid close to 9% in extended trading after reaffirming its full-year revenue outlook of $150 million to $200 million. That range sits around the Street consensus of $176.9 million, per FactSet. First-quarter losses were wider than anticipated, the company said.
GitLab fell about 8% in after-hours trading after Chief Executive Officer Bill Staples laid out a broad restructuring plan tied to the software company’s move into agentic AI. The plan includes workforce reductions, management cuts and a narrowed geographic footprint. GitLab did not specify headcount reductions or the expected financial impact, saying details would be shared on its June 2 earnings call.
Key takeaways
- Hims & Hers Health: shares down >6% after current-quarter adjusted EBITDA guidance of $35-$55 million vs. a $70 million consensus; the gap underscores profitability concerns in the telehealth segment.
- Aecom: shares up ~2% on higher full-year adjusted EPS guidance and a quarterly beat; signals stronger-than-expected demand for infrastructure advisory work.
- Webtoon Entertainment: shares off ~15% on weaker Q2 revenue and EBITDA guidance versus expectations; highlights ongoing monetization and growth-rate questions for digital-content platforms.
- Cleanspark and Mara Holdings: both names moved lower on softer quarterly results and missed expectations, illustrating ongoing volatility in crypto-mining and related hardware exposure.
- AST SpaceMobile: stock weakness after reaffirming revenue range but posting wider losses; reflects execution risk around satellite-to-ground connectivity plans.
- GitLab: after-hours decline on announced restructuring tied to AI strategy; investors will watch for details on cost cuts and earnings impact as the company pivots toward agentic AI.
What drove the move
Hims & Hers Health’s slide was driven by a guidance miss on EBITDA for the current quarter. The $35-$55 million range implies a wider margin shortfall relative to the Street’s expectations, and the gap helped trigger selling in after-hours trading. The result underscored a broader investor focus on profitability metrics in health-tech and digital-health platforms as growth trajectories face scrutiny.
Aecom’s stock advance followed a constructive update on profitability outlook. By lifting full-year adjusted earnings guidance to $5.90-$6.10 per share, the company signaled improved operating momentum. The positive reaction was bolstered by a second-quarter earnings and revenue beat, suggesting continued strength in project demand and advisory services in infrastructure markets.
Archer Aviation’s modest gains came as the company reported a healthy liquidity position, roughly $1.8 billion, helping to allay near-term funding concerns as it advances its drone- and air-traffic-related ambitions. The quarterly revenue figure remained modest relative to the liquidity backdrop, but investors appeared to reward the balance sheet stability.
Webtoon Entertainment’s weak guidance for the June quarter and a softer EBITDA outlook weighed on sentiment. The lower-than-expected revenue path for the quarter, combined with an EBITDA forecast well below expectations, pressured the stock despite previously solid growth in user engagement and content library expansion.
Cleanspark and Mara Holdings faced pressure on fundamentals underscored by larger losses and revenue misses. For Cleanspark, the sharper-than-expected loss and a miss on revenue highlighted the difficulty of scaling operations in a volatile crypto-mining landscape. Mara’s earnings disappointment, driven by a larger-than-forecast loss and softer revenue, reflected ongoing volatility in crypto-focused pockets of the market.
AST SpaceMobile’s after-hours decline followed reaffirmation of a wide revenue range alongside quarterly losses that disappointed some investors, illustrating the challenge of translating satellite-based connectivity ambitions into near-term financial results amid a competitive backdrop.
GitLab’s planned restructuring to emphasize an agentic-AI-driven product strategy weighed on shares in after-hours trade. The changes point to potential near-term costs, including staffing and management adjustments, but are aimed at positioning the company for a more efficient AI-enabled software platform in a specialized market.
What analysts are saying
Across the board, analysts noted that the disconnect between guidance and consensus was a common theme among several names in this batch. For Hims & Hers Health, the EBITDA guidance gap contrasted with any potential upside from expanded service lines; investors will gauge whether the sequence of cost controls and revenue growth can close the gap. For Aecom, the raised guidance aligns with incremental demand in infrastructure and civil projects, though investors will scrutinize whether the strength is durable or a near-term uptick.
In the crypto-adjacent group, Cleanspark and Mara Holdings illustrate the ongoing sensitivity of mining and related digital-asset assets to spot prices, energy costs, and hardware cycles. AST SpaceMobile’s results highlight the difficulty of monetizing satellite connectivity in the near term, despite a defined long-term addressable market. GitLab’s restructuring plan is expected to attract scrutiny during the June 2 earnings call, with investors likely to focus on the net effect on operating efficiency and long-run profitability in a software-delivery framework leveraging AI tools.
Bigger picture
Taken together, these moves reflect a market weighing near-term profitability against growth opportunities in AI, infrastructure, and digital media. The divergence between upgraded guidance in one corner (Aecom) and selective guidance misses in others (Webtoon, Hims & Hers) underscores a broader appetite for cautious optimism: investors are rewarding clear path to profitability and sustainable margins, while punishing guidance that undershoots consensus.
At the same time, the AI pivot across software and tech-adjacent firms remains a focal point for risk and reward. GitLab’s outlined cost-structure changes indicate a push to operational efficiency, but the precise impact on earnings will depend on execution and how quickly AI-enabled features translate into user growth and retention. In the infrastructure space, the resilience of project pipelines and public-sector demand is closely watched as a key driver of earnings for firms like Aecom and its peers.
Investors should keep an eye on guidance updates and quarterly commentary in the coming weeks, as more companies report results and set expectations for the second half of the year. Market participants are also watching macro factors—rates, inflation data, and policy signals—that could influence capex cycles and capital allocation decisions across segments represented in this earnings batch.
Looking ahead, the key questions are whether established companies can sustain margin discipline while delivering growth, and whether AI-led strategies can translate into tangible earnings improvements. The next batch of earnings reports and guidance updates will be critical in shaping sector sentiment as the quarter unfolds.
Upcoming events to watch include the June earnings calls for firms outlining AI-driven initiatives and any further updates to guidance, as well as macro data releases that may affect sentiment around rates and capital spending.
