THE MIRROR OF MEDIA

Stocks making the biggest moves after hours: Beyond Meat & more


Virgin Galactic’s passenger rocket airplane VSS Unity, carrying billionaire entrepreneur Richard Branson and his crew, lands after reaching the sting of area above Spaceport America close to Fact or Penalties, New Mexico, U.S., July 11, 2021.

Joe Skipper | Reuters

Take a look at the businesses making headlines in after-hours buying and selling.

Virgin Galactic — Virgin Galactic shares jumped 6% after the corporate reported quarterly results and stated that it’s going to reopen ticket gross sales. The area firm reported an adjusted EBITDA lack of $56 million within the second quarter, barely above the prior quarter’s $55.9 million loss. Income for the second quarter got here in at $571,000.

TripAdvisor — Shares of the journey firm climbed barely in prolonged buying and selling as the corporate beat expectations through the second quarter. TripAdvisor misplaced seven cents per share excluding gadgets, which was smaller than the anticipated lack of 11 cents per share, in keeping with estimates from Refinitiv. Income got here in at $235 million, forward of the anticipated $188 million.

Beyond Meat — Past Meat shares dipped 4% after the corporate missed earnings estimates through the second quarter. The meat various firm misplaced 31 cents per share, which was higher than the 24-cent loss analysts have been anticipating, in keeping with estimates from Refinitiv. Income got here in at $149.4 million, which was forward of the $140.8 million analysts have been anticipating.

Dropbox — The cloud storage firm’s inventory rose about 4% after Dropbox reported second-quarter earnings. The corporate earned 40 cents per share through the quarter excluding gadgets, which was forward of the 33 cents analysts surveyed by Refinitiv have been anticipating. Income got here in at $531 million, additionally forward of the anticipated $524 million.

Change into 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 today



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *