Stock Market Today: Live Updates

SolarEdge stock fell 20% premarket after the company reported mixed quarterly results. The solar inverter maker’s fourth-quarter sales were $316 million, below LSEG’s estimate of $354 million. The company also reported a smaller-than-expected loss for the quarter.

However, the company’s first-quarter earnings outlook was significantly lower than analysts expected.

— Fred Imbert

Check out the companies making headlines after the bell.

Palo Alto Networks – Shares fell nearly 19% after the cybersecurity company’s full-year earnings outlook fell short of expectations. Palo Alto Networks said it now expects full-year revenue growth to be 15% to 16%, down from its previous forecast of 18% to 19% growth. The company also lowered its full-year sales forecast. Meanwhile, adjusted profit and sales for the fiscal second quarter exceeded analyst expectations.

Diamondback Energy — Shares rose 1.6% after the energy company posted wins on both top and bottom lines in the fourth quarter. Diamondback posted adjusted earnings of $4.74 per share on revenue of $2.23 billion. Analysts polled by LSEG had expected earnings of $4.66 per share and revenue of $2.17 billion.

Caesars Entertainment — The hotel and resort stock fell more than 1% after missing out on revenue last quarter. According to LSEG, Caesars reported revenue of $2.83 billion, while analysts expected it to be $2.85 billion.

— Ha-Kyung Kim