Nikola, Twilio, Novavax and more


Jeff Lawson, co-founder and chief executive officer of Twilio Inc., center, rings the opening bell on the floor of the New York Stock Exchange in New York, Sept.17, 2018.

Michael Nagle | Bloomberg | Getty Images

Check out the companies making headlines after the bell

Disney — Disney’s stock jumped 4{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} after the closing bell. Disney reported third-quarter financial results that beat analysts’ expectations for earnings but fell short of revenue predictions. Disney posted earnings of 8 cents per share excluding items on revenue of $11.78 billion compared to estimates of a loss per share of 64 cents on revenue of $12.37 billion, according to Refinitiv. The company’s operating income suffered a $3.5 billion hit from parks being closed during the quarter.

Activision Blizzard — Shares of Activision Blizzard fell 1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in extended trading Tuesday following the release of its second-quarter financial results. Activision Blizzard reported revenue of $2.08 billion compared to analysts’ estimates of $1.70 billion, according to Refinitiv. The company also reported earnings of 81 cents per share.

Twilio — Twilio’s stock dropped 5{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in after-hours trading. The cloud communications company posted a double beat of earnings and revenue estimates by analysts polled by Refinitiv. Twilio reported earnings of 9 cents per excluding items, topping analysts’ expectations for a loss of 9 cents per share. Twilio also recorded revenue of $401 million, above the $368 million forecast by analysts.

Nikola — The hybrid truck manufacturer’s stock tanked 17{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in extended trading after the company reported its second-quarter results, the company’s first financial report since going public. Nikola posted a loss of 16 cents per share on solar revenue of $36,000. The company said it plans to begin fleet testing Tre electric trucks in 2021.

WW International — Shares of WW International, formerly Weight Watchers, were down 3{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} during extended trading after the company missed estimates by analysts polled by Refinitiv for the second quarter. WW International reported revenue of $334 million, shy of Wall Street predictions of $340 million. WW reported adjusted earnings of 67 cents per share.

Novavax — The biotechnology company’s shares saw a volatile after-hours trading session, at one time plummeting as much as 32{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, after releasing early coronavirus vaccine trial data. Novavax announced its vaccine candidate produced neutralizing antibodies in trial participants, but many safety concerns still surround the potential vaccine.

Beyond Meat — Shares of Beyond Meat fell 6{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in extended trading after the company reported second-quarter financial results. The meat substitute maker’s revenue of $113.3 million surpassed Refinitiv analysts’ estimate of $99.7 million.

Walmart — Walmart’s stock fell 1.5{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in extended trading after it was reported that the company has delayed the launch of Walmart+, a subscription service meant to compete with Amazon Prime, for the second time this year, according to Vox.

Source Article

Next Post

Stock futures flat as investors await stimulus bill

U.S. stock futures were flat in overnight trading as investors eye any progress from Washington on a new coronavirus stimulus package. The White House and Democratic congressional leaders have reported some progress in the negotiations, but they remain apart on some issues. Dow futures rose 14 points. S&P 500 and […]