Displays outside the Nasdaq MarketSite are pictured as dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq Stock Exchange during the company’s initial public offering in New York City, New York, United States, on February 11, 2021.
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Check out the companies that hit the headlines on Wednesday after the bell:
Bumble – Bumble’s shares fell 0.5% after the bell, despite the dating app developer making a profit in the first quarter. Revenue more than doubled due to an increase in paying users. The company had sales of $ 323.4 million compared to a loss of $ 55.8 million a year ago.
Jack in the Box – At Jack in the Box, shares fell nearly 3% in expanded trading after the results for the second fiscal quarter. The company has posted high single-digit sales growth in the same business for the fiscal year and is forecasting raw material cost inflation of around 3%. Labor cost inflation ranges between 5% and 6%.
Vroom – Vroom shares rose roughly 12% in expanded trading after posting a loss of 57 cents per share on revenue of $ 591.1 million in the first quarter. Analysts polled by Refinitiv had expected a loss per share of 63 cents on sales of 518.2 million US dollars. The company said sales of e-commerce units nearly doubled.
Sonos – The premium speaker manufacturer’s stock rose 17% compared to analysts polled by Refinitiv that it was forecasting $ 248.4 million, following the report, which posted revenue of $ 332.9 million in the second quarter. Sonos said it would again upgrade its outlook for fiscal 2021 due to its stronger performance in the second quarter and continued demand for its products.
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