Stocks making the biggest moves after hours: Disney, Beyond Meat, Affirm Holdings and more
The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), on Tuesday, May 4, 2021, in honor of Star Wars Day.
Check out the companies making headlines after the bell:
Disney — Shares of the media giant dropped more than 4% in after hours trading after missing on the top and bottom lines of its quarterly results. Disney reported earnings of 37 cents per share on revenue of $18.53 billion. Wall Street expected earnings of 51 cents per share on revenue of $18.79 billion, according to Refinitiv. Disney+ subs also came in short of estimates at 118.1 million, compared to the forecast of 125.4 million.
Beyond Meat — Shares of the alternative meat company tanked 13% in extended trading after reporting a wider-than-expected quarterly loss. Beyond Meat reported a GAAP loss of 87 cents per share, lower than the expected loss of 39 cents per share, according to Refinitiv. The company made $106.4 million in revenue, missing estimates of $109.2 million. The company’s fourth-quarter outlook also fell short of Wall Street’s expectations.
Affirm Holdings — Shares of Affirm, the digital “buy now, pay later” company, soared more than 21% in after-hours trading on Wednesday, after the company said it would expand its partnership with Amazon. Affirm made $269.4 million in revenue, topping estimates of $248.2 million, according to Refinitiv. The company reported a loss of $1.13 per share.
Bumble — Shares of the dating app stock fell 8% lower in extended trading after reporting a loss of 6 cents per share, 6 cents below analyst estimates, according to Refinitiv. Revenue, however, came is better-than-expected.
Honest Company — Shares of the cosmetics company Honest jumped 6% in after hours trading following its quarterly results. Earnings came in in line with expectations and revenue topped Wall Street’s forecasts, according to Refinitiv.
Sofi — Shares of Sofi rallied 14% in after hours trading after reporting better-than-expected earnings. The fintech company reported a loss of 5 cents per share, topping estimates by 9 cents, according to Refinitiv.