AppLovin, HubSpot Plunge 20% After Hours as Soft Guidance Slams High-Flying Growth Stocks
AppLovin and HubSpot both beat estimates but cratered ~20% after hours on guidance that merely met the Street rather than raising it, while Block rallied on a full-year raise and DoorDash held steady near its GOV guide. Growth-stock investors turned selective even as the Dow closed at a record.