An Hour Ago
Stocks making the biggest moves after the bell
Check out the companies making headlines in extended trading.
Disney — Shares fell more than 4% after the company reported mixed fiscal second quarter results. Earnings came in line with estimates, while revenue slightly beat analysts’ estimates, according to Refinitiv data. While the company said its losses from its streaming segment narrowed, it shed 4 million Disney+ subscribers.
Beyond Meat — The alternative meat manufacturer’s shares rose 2% after Beyond Meat posted better-than-expected results for the first quarter. Beyond Meat reported a loss of 92 cents per share and $92.2 million in revenue. Analysts had anticipated a loss of $1.01 per share on revenue of $90.8 million, according to Refinitiv.
The full list can be found here.
— Hakyung Kim
23 Mins Ago
Robinhood announces revenue beat, launch of 24-hour trading
Shares of Robinhood were up about 1.7% in extended trading after the brokerage firm reported better-than-expected revenue for the fourth quarter.
Robinhood generated $441 million in revenue for the first quarter, above the $425 million predicted by analysts, according to Refinitiv. Monthly active users rose slightly since the fourth quarter to 11.8 million. However, its net loss grew to $511 million due in large part to a share-based-compensation charge.
The retail brokerage also said it will allow equity trading 24-hours per day, 5-days per week, beginning next week. The company said it will be the first U.S. brokerage to do so.
Robinhood already offers what it calls “hyper extended” trading hours, and CEO Vlad Tenev has previously said that the company’s goal is to one day offer 24/7 trading.
— Jesse Pound
An Hour Ago
Stock futures open flat Wednesday
U.S. stock futures opened little-changed Wednesday night.
Dow Jones Industrial Average futures fell by 16 points, or 0.05%. S&P 500 futures ticked up 0.01%, while Nasdaq 100 futures dipped 0.02%.
— Hakyung Kim
