Pedestrians wearing protective masks wait to enter a Disney store in San Francisco, California on Wednesday, December 23, 2020.
David Paul Morris | Bloomberg | Getty Images
Check out the companies that hit the headlines on Thursday after the bell:
Disney – Disney shares fell more than 3% after the company’s revenue fell short of analysts’ expectations in the second quarter. The media giant reported sales of $ 15.61 billion, which didn’t match the analysts polled by Refinitiv of $ 15.87 billion. The company also reported fewer-than-expected subscriber numbers for its streaming service. Disney made 79 cents a share excluding items, which was higher than Street’s expected earnings of 27 cents a share.
Airbnb – The landlord’s shares fell 0.1% after Airbnb released its first quarter results. The company had sales of $ 886.9 million, above the analysts surveyed by Refinitiv of $ 714.4 million. However, the company’s net loss tripled due to debt repayments and restructuring costs.
Coinbase – Coinbase stock was down 3.8% despite the company posting a spike in net income in the first quarter. The company’s net income for the quarter was over $ 771 million, compared to $ 177 million in the fourth quarter of 2020. Monthly transactional users more than doubled.
DoorDash – The grocery supplier’s shares rose more than 8% on the company’s first quarter results. DoorDash reported sales of $ 1.08 billion, which was above the analyst polls by FactSet of $ 994.3 million.
Fisker – The electric vehicle manufacturer’s shares rose 18% in expanded trading after the company signed framework agreements with Foxconn to co-develop and manufacture Fisker’s “Project Pear” or personal electric car revolutionary program.
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