The RealReal exterior
Take a look at the businesses making headlines after the bell on Monday.
Kansas City Southern — The railway holding firm is up 6.2% amid experiences that Canadian Pacific Railway is planning to make an elevated provide on it of $300 per share in a cash-and-stock deal. Individuals accustomed to the state of affairs confirmed the provide to CNBC Monday.
AMC Entertainment — AMC’s inventory jumped 6.7% after releasing its earnings report Monday afternoon. It reported a lack of 71 cents per share, which was lower than the 91 cents per share loss analysts anticipated. The movie show chain reported income of $444.7 million, increased than the $382.1 million analysts had anticipated. “AMC’s journey by way of this pandemic will not be completed, and we’re not but out of the woods,” CEO Adam Aron mentioned in an announcement Monday.
The RealReal — Shares of the posh consignment model are down 5.7% after reporting a quarterly loss, although it was nonetheless lower than analysts’ estimates by 97 cents. The corporate had robust gross merchandise worth of $350 million, up 91% 12 months over 12 months and mentioned as they restart at-home appointments, items per appointment exceed pre-pandemic ranges. Nonetheless, the corporate missed income forecasts.
Planet Fitness — The low cost health inventory fell 4.3% after it launched quarterly earnings. Planet Health missed on earnings per share by 2 cents however beat on income, in keeping with Refinitiv. It additionally introduced it should develop its footprint to Mexico and plans to open 80 new retailers within the subsequent 5 years.
Chegg – Schooling tech firm Chegg’ inventory is 3% increased in prolonged buying and selling following a robust quarterly earnings report that beat on each earnings per share and income. The corporate reported earnings of 43 cents per share, beating estimates by 6 cents.
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