The fuboTV logo will be hung on the New York Stock Exchange on October 8, 2020 on the day of its IPO in the New York City borough of Manhattan, New York, USA.
Carlo Allegri | Reuters
Check out the companies that hit the headlines on Tuesday after the bell:
Electronic Arts – The video game company’s stock fell 0.7% after EA posted earnings of 26 cents per share for the fourth quarter of its fiscal year. This number was not comparable to estimates. Electronic Arts had sales of $ 1.49 billion, beating a refinitive estimate of $ 1.39 billion.
FuboTV – fuboTV’s shares rose more than 24% after the company’s first quarter results were released. FuboTV posted a loss of 59 cents per share, which was inconsistent with estimates. The company had sales of $ 119.7 million, beating a refinitive forecast of $ 103.9 million.
Opendoor Technologies – Shares in the online home buying and selling platform rose nearly 2% after Opendoor posted a loss of 48 cents per share in the previous quarter. This number was not comparable to estimates. Revenue was $ 747 million, beating a refinitive forecast of $ 620 million.
Vizio-Vizio stock was down 6.2% after the company posted 2 cents per share earnings in the first quarter that was inconsistent with estimates. Revenue was $ 506 million, while analysts surveyed by Refinitiv expected revenue of $ 484 million. According to Vizio, the smart TV shows totaled 1.5 million, which is a FactSet estimate of 1.65 million.
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