Stocks moving in after hours: Qualcomm, Etsy, Costco, Zillow

Yahoo Finance Live co-host Seana Smith checks out several stocks trending in the after-hours trading session.

Video Transcript

- All right. Let's get over to Shawna for some after-hours movers. Take us through it.

- All right, Diane. We've got four names up here on the board-- Qualcomm, Etsy, Costco, and Zillow. Majority of those moving because of earnings. Kicking off with Qualcomm, you're looking at losses of just about 4% in extended trading. A lot of that pressure due to the third quarter-- fiscal third-quarter revenue guidance that we got here from the company, really pointing to the fact that this slowdown that we have seen in the smartphone industry, that that could continue now for some time, obviously impacting Qualcomm's business.

For the second quarter, its most recent quarter, revenue beat the Street's expectations. Adjusted EPS coming in line with what the Street was looking for. Year to date, we're up just about 2%. But we talked about the slowdown within the chip sector. You can see Qualcomm, on a one-year basis, off just about 21%.

Flipping over to Etsy, that stock on the move here in extended trading, actually moving to the upside, now up just about 3%. It was up just about 7% initially after these results. The company beating on both the top and bottom lines. Gross merchandise sales topping $3.1 billion. That was better than what the Street was looking for. Also, active sellers, active buyers also coming in above expectations.

Year to date, looking at losses of just about 17%. We heard from an analyst earlier in the program saying that some of the slowdown here that we could potentially see as consumers pull back their spending, that some of that may be priced in when you're looking at those losses since the start of the year.

Moving on to Costco, Costco releasing its April sales. Just a drop of about a tenth of a percent. Not much movement here in extended trading. Net sales up 3% on a year-over-year basis, but comp sales in the US up just below 1%, up 9/10 of a percent. Total comp sales up 1.4%. E-commerce-- some weakness there. Those sales declining 5.9% year to date. Shares of Costco up just about 7%.

And another look at the housing sector with Zillow out with its earnings after the bell. You're looking at gains of just about 4%. A strong number here from the company, revenue outlook coming in better than expected, also the profit for its most recent quarter, beating the Street's expectations, adjusted EPS of $0.35. Also, they made an announcement yesterday about integrating ChatGPT into one of its offerings.

Now it's just available for select users at this point, but Zillow one of the names really pushing and really expanding their presence within the AI industry. So again, Zillow shares moving to the upside here in extended trading year to date. We've seen a bit of a comeback, up about 31%