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Check out which companies are making headlines in extended trading.
Disney – Shares fell 4.7 percent after the company reported mixed results for the second quarter of the fiscal year. Earnings were in line with estimates, while revenue slightly beat analyst estimates, according to Refinitiv data. While the company said its losses from the streaming sector were shrinking, it gave away 4 million Disney+ subscribers.
beyond the meat – Shares of the meat alternative manufacturer rose 8.5% after Beyond Meat reported 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.
Robinhood – Retail brokerage shares rose 4% in extended trading after Robinhood reported revenue of $441 million for the first quarter, above the $425 million analysts had expected, according to Refinitiv. Transaction revenue for both stocks and options rose from the fourth quarter, and monthly active users rose slightly, to 11.8 million.
Unity Software Shares of Unity Software rose 12% after the company beat revenue estimates for the most recent quarter, according to Refinitiv. The unit also shared stronger-than-expected guidance for the current quarter, saying it expects revenue to be in the range of $510 million to $520 million.
groupon – Shares fell 4% after the coupon company reported first-quarter revenue that came in below expectations, according to Refinitiv. Groupon reported revenue of $121.6 million, while Street Call brought in $134.9 million.
Sonos — Home audio system shares fell 18%. Sonos reported a loss of 24 cents per share, while analysts polled by Refinitiv called for a loss of 18 cents per share. Sonos CEO Patrick Spence announced that the company will lower its guidance for the second half of fiscal 2023 amid “softening consumer demand and tightening channel partner inventory.”
— CNBC’s Jesse Pound and Samantha Sobin contributed to reporting.
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