Stocks making the biggest moves after hours: Block, Carvana, Boeing and more

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Check out the companies making headlines after hours.

Carvana — Shares rose 1.7%. CEO Ernie Garcia, in a statement, said that over the next six months, the company will work to complete an estimated $1 billion in annual cost reduction. The online used car retailer reported a loss of $7.61 per share, greater than the forecasted loss of $2.28 per share, according to consensus estimates from Refinitiv. Carvana generated revenue of $2.84 billion, lower than the anticipated $3.1 billion.

Block — The mobile payment stock climbed 6.5% after Block reported better-than-expected revenue in its fourth-quarter results. The company posted revenue of $4.65 billion, beating Refinitiv consensus estimates for $4.61 billion. However, Block missed estimates, posting adjusted earnings of 22 cents per share compared to expectations for 30 cents per share.

Warner Bros. Discovery — Shares fell nearly 1% in extended trading after Warner Bros. Discovery posted disappointing results in its latest quarter. The media and entertainment conglomerate reported a loss of 86 cents per share on revenue of $11.01 billion. Analysts polled by Refinitiv called for a loss of 21 cents per share on revenue of $11.36 billion.

Beyond Meat — Beyond Meat shares jumped more than 12% after the plant-based meat company reported a smaller-than-expected loss in its fourth quarter, even with sales falling more than 20%. Beyond Meat reported a loss per share of $1.05, lower than the expected $1.18, according to a survey of analysts by Refinitiv. The firm generated revenue of $79.9 million, greater than the $75.7 million expected.

Boeing — The airline stock dipped 3% after Boeing temporarily paused deliveries of its 787 Dreamliners as it does more analysis