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Check out the companies making headlines in extended deals.
disney — Shares fell 4.7% after the company reported mixed results for its fiscal second quarter. Earnings were in line with expectations, while revenue was slightly above analysts’ expectations, according to Refinitiv data. While the company said losses in its streaming business narrowed, it lost 4 million Disney+ subscribers.
beyond meat — Shares of Beyond Meat rose 8.5% after the alternative meat maker reported better-than-expected first-quarter results. Beyond Meat reported a loss of 92 cents per share on revenue of $92.2 million. Analysts had expected a loss of $1.01 a share on revenue of $90.8 million, according to Refinitiv data.
Robin Hood — Shares of the retail brokerage rose 4% in after-hours trading after Robinhood reported first-quarter revenue of $441 million, topping analysts’ forecast of $425 million, according to Refinitiv data. Trading revenue for both stocks and options increased from the fourth quarter, and monthly active users rose slightly to 11.8 million.
unified software – Unity Software shares soared 12% after the company beat revenue estimates in the latest quarter, according to Refinitiv data. Unity also shared stronger-than-expected guidance for the current quarter, saying it expects revenue between $510 million and $520 million.
Group buying network — Shares fell 4% after the coupon company reported first-quarter revenue that missed expectations, according to Refinitiv data. Groupon reported revenue of $121.6 million, while Wall Street was calling for $134.9 million.
Sonos — Shares of home audio systems fell 18%. Sonos posted a loss of 24 cents a share, compared with analysts polled by Refinitiv expecting a loss of 18 cents a share. Sonos CEO Patrick Spence announced that the company would lower its guidance for the second half of fiscal 2023 due to “weaker consumer demand and tighter inventory at channel partners.”
— CNBC’s Jesse Pound and Samantha Subin contributed reporting.
