Stocks making the biggest moves after hours:

Kraft Heinz, Dropbox, Zillow and more

Shares of Zillow fell as much as 8 percent in extended trading and then regained those losses to trade up more than 8 percent after the online real estate company announced its CEO Spencer Rascoff will be stepping down. Zillow co-founder and former CEO Rich Burton will return to lead the company and Rascoff will remain on the board of directors.

Dropbox shares rose slightly and then fell more than 8 percent after hours Thursday after posting better-than-expected fourth-quarter earnings but also giving disappointing guidance. The software company beat on the top and bottom lines, reporting revenues of $376 million, compared to the Refinitiv estimate of $370 million. Adjusted earnings per share were 10 cents, versus the 8 cents forecast by analysts. Paying users reached 12.7 million, beating the expected 12.54 million. Average revenue per user increased to $119.61, vs. the forecast $118.48.

Shares of Roku surged as much as 6 percent in extended trading Thursday following the release of their better-than-expected fourth-quarter earnings. The digital media player manufacturer posted earnings per share of 5 cents on revenues of $276 million. Wall Street forecast earnings per share of 3 cents on revenue of $262 million, according to Refinitiv.

The announcement coincided with the company’s tepid earnings. Though the company beat on revenue, earning $365 million vs. the estimated $351 million, earnings per share were in line with estimates at 1 cent. Zillow did issue strong first-quarter guidance: between $417 and $443 million in revenue, vs. the estimated $404 million. The stock later gained back most of its loses after hours.

Shares of Kraft Heinz tumbled more than 10 percent after the market close Thursday following weak fourth-quarter results and the disclosure of an SEC subpoena. Kraft reported earnings per share of 84 cents on revenues of $6.89 billion. Analysts forecast earnings per share of 94 cents on revenues of $6.93 billion. The company also disclosed it was subpoenaed by the SEC in October 2018 regarding its accounting policies.

Hewlett Packard Enterprise shares shot up as much as 4 percent after the market close following the release of the software company’s mixed first-quarter results. Earnings per share were 42 cents, beating Wall Street expectations of 35 cents. But HP Enterprise missed on its top line, posting $7.55 billion in revenue versus $7.6 billion forecast by Refinitiv.
HP Enterprise sees full-year 2019 earnings per share between $1.56 and $1.66, vs. the estimated $1.58.

First Solar shares dropped more than 4 percent in after hours trading Thursday after the release of the semiconductor manufacturing company’s fourth-quarter earnings. First Solar earned $691 million in revenue, missing Refinitiv estimates of $804 million. Earnings per share were 49 cents, 15 cents below expectations.