Global Courant 2023-05-11 02:06:23
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Check out the companies making headlines in extended trading.
disney — Shares fell 4.7% after the company reported mixed second-quarter results. Earnings were in line with estimates, while revenue slightly exceeded analysts’ estimates, according to data from Refinitiv. While the company said its losses from the streaming segment were narrowing, it lost 4 million Disney+ subscribers.
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Beyond meat — Shares of the alternative meat maker rose 8.5% after Beyond Meat posted better-than-expected first-quarter results. Beyond Meat reported a loss of 92 cents per share and $92.2 million in revenue. Analysts had expected a loss of $1.01 per share on revenue of $90.8 million, according to Refinitiv.
Robin Hood – Shares of the retail brokerage were up 4% in extended trading after Robinhood reported $441 million in revenue for the first quarter, surpassing the $425 million forecast by analysts, according to Refinitiv. Transaction income for stocks and options were both higher than in the fourth quarter, and monthly active users increased slightly to 11.8 million.
Unity software – Shares of Unity Software rose 12% after the company beat revenue estimates for the past quarter, according to Refinitiv. Unity also shared a stronger-than-expected outlook for the current quarter, saying it expects revenue to be between $510 million and $520 million.
Groupons — Shares fell 4% after the coupon company posted first-quarter revenue that was below expectations, according to Refinitiv. Groupon reported $121.6 million in revenue, while The Street asked for $134.9 million.
Sonos — Home sound system shares fell 18%. Sonos posted a loss of 24 cents per share, while analysts polled by Refinitiv had expected a loss of 18 cents per share. Patrick Spence, CEO of Sonos, announced that the company is adjusting its expectations for the second half of fiscal 2023 amid “declining consumer demand and shrinking channel partner inventory.”
— CNBC’s Jesse Pound and Samantha Subin contributed to the reporting.
