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Check out the companies that are making headlines after the bell.
Lyft – The rideshare company’s stock rose more than 1% after posting quarterly results that beat analysts’ estimates. The company said that demand continued to rise in July despite increased Covid-19 cases. Lyft reported a loss of 5 cents a share, compared to Wall Street’s forecast of 24 cents a share.
Caesars Entertainment – The gaming and hotel chain stocks rose 4% on the quarterly earnings report. Caesars reported earnings of 34 cents per share, beating analyst estimates by 52 cents and revenue of $ 2.5 billion, which also exceeded expectations. The company attributed its growth to a strengthening of the Las Vegas market and continued strength in regional markets.
Activision Blizzard – The maker of Call of Duty and other video games saw its shares rise 3.9% after its earnings report for the second quarter. The company reported 91 cents per share and $ 1.92 billion in revenue, both of which exceeded analysts’ expectations. On Tuesday morning, the company announced that President J. Allen Brack was leaving amid a harassment lawsuit against the company.
Match Group – Shares in online dating company Match fell about 3.7% after reporting weaker-than-expected gains, despite strong sales growth in the US amid a rebounding dating scene. Match – whose portfolio of brands includes Tinder, Hinge, and OkCupid – reported 46 cents per share for the quarter, 6 cents below Wall Street forecasts.
Robinhood – The newly listed Robinhood stock is up about 4% and extending its rally since the regular trading session. Robinhood went public on Nasdaq last Thursday, opened at $ 38 a share and fell 8% on the first day. On Tuesday, the stock rose 24.2% to $ 46.80 per share.
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