According to a regulatory filing on Monday, activist investor Carl Icahn has acquired a 9.91% stake in JetBlue Airways. Icahn’s associated firms have engaged in discussions with JetBlue’s management and directors regarding potential board representation. As a result of this news, the airline’s shares surge by 17% to $7.11 in after-hours trading.
ZoomInfo Outperforms Analyst Expectations with Strong Q4 Results
Following the release of its fourth-quarter results after the bell, ZoomInfo experiences impressive financial performance. The company’s revenue shows a 5% increase, exceeding analysts’ expectations. Moreover, ZoomInfo’s adjusted earnings per share also surpass the initially provided guidance. Looking ahead, their 2024 revenue projections and adjusted per-share profit align with analysts’ estimates. Consequently, ZoomInfo’s shares jump 23% to $19.63 in after-hours trading.
Tripadvisor Forms Independent Board Committee to Explore Strategic Alternatives
Travel site Tripadvisor has established a board committee consisting of independent directors to assess potential deals and other strategic alternatives. This committee will carefully evaluate proposals, including those related to parent company Liberty Tripadvisor Holdings’ announcement of their intent to explore alternatives involving the two businesses. Following this news, Tripadvisor’s shares witness a 14% surge, reaching $25.50 in after-hours trading.
