Josh Silverman, CEO of Etsy.
Adam Jeffery | CNBC
Check out the businesses making headlines after the bell:
Etsy — Etsy shares fell 14% in prolonged buying and selling regardless of reporting second-quarter adjusted earnings and revenues forward of what analysts had forecast. The firm additionally supplied third-quarter financial guidance below estimates.
Electronic Arts — EA shares added more than 3% in after-hours buying and selling after the online game maker reported gross sales of $1.34 billion, forward of the $1.28 billion analysts polled by Refinitiv had anticipated. Chief Financial Officer Blake Jorgensen provided a glowing outlook: “Based on our strong performance this quarter and supported by our ongoing confidence in our live services, we are raising our outlook for the full year. Our strategic position has never been stronger, with growth drivers in place for this year, next year, and beyond.”
MGM Resorts — MGM shares rose 1% in prolonged buying and selling after the corporate posted a shock per-share revenue for its second quarter. The resort operator mentioned it generated adjusted earnings of 14 cents per share throughout the three months ended June 30, nicely above the lack of 30 cents per share anticipated by analysts polled by Refinitiv.
Roku — Roku dropped 8% in prolonged buying and selling after it reported second-quarter earnings of 52 cents per share on revenues of $645 million. The downward strain on the inventory got here regardless of wholesome third-quarter income steering.
Uber — Uber shares fell 8% after it reported second-quarter earnings of 58 cents per share on revenues of $3.93 billion. Analysts had anticipated a loss per share of 51 cents on revenues of $3.75 billion, in keeping with Refinitiv. Investors appeared to promote the inventory as Uber spent large on incentives to draw drivers amid a scarcity.
Wynn Resorts — Wynn Resorts noticed its inventory climbed lower than 1% after it reported a second-quarter lack of $1.12 per share on revenues of $990 million. Analysts had anticipated a loss per share of $1.61 on revenues of $933 million, in keeping with Refinitiv.