All Rights Reserved Finance News 2020.
Stocks making the biggest moves after the bell: Peloton, Beyond Meat, Expedia & more
Roberto Machado Noa
Try the corporations making headlines after the bell on Thursday:
Peloton — Shares of Peloton dropped more than 6% after the closing bell, when the health firm reported fiscal third-quarter gross sales progress of 141%. Its per-share loss for the quarter was additionally smaller than anticipated at Three cents versus 12 cents as forecast by analysts polled by Refinitiv. The corporate didn’t present any up to date monetary forecast nor touch upon its treadmill recall.
Expedia — The journey platform’s inventory rose 6.9% after it reported a first-quarter adjusted lack of $2.02 per share on revenues of $1.25 billion. Analysts had anticipated a loss per share of $2.31 on revenues of $1.12 billion, in response to Refinitiv.
Beyond Meat — Shares of the plant-based meat maker fell 6.5% after it reported a wider-than-expected loss in the three months ended March 31 as diners take longer to return to eating places and grocery buyers slowed coronavirus-era stockpiling.
Dropbox — Dropbox shares rose 2.3% after the cloud-storage firm reported first-quarter earnings of 35 cents per share on income of $512 million. Analysts polled by Refinitiv had anticipated a revenue of 31 cents per share on income of $505 million.
TripAdvisor — TripAdvisor fell 6.1% after it reported a first-quarter lack of 39 cents per share, excluding one-time objects, on income of $123 million. Analysts had anticipated a loss per share of 32 cents on income of $121 million, in response to Refinitiv.
Invoice.com — Shares of Invoice.com rallied more than 15% after the monetary software program firm introduced it is going to purchase Divvy — an expense administration software program maker — for about $2.5 in a cash-and-stock deal. The deal is predicted to shut in Invoice.com’s fiscal first quarter, which ends on Sept. 30.
Turn out to be a wiser investor with CNBC Professional.
Get inventory picks, analyst calls, unique interviews and entry to CNBC TV.
Signal as much as begin a free trial at this time