Check out the companies that hit the headlines on Thursday after the bell:
Peloton – Peloton’s shares fell more than 6% after the closing bell, as the fitness company posted 141% revenue growth in the third quarter. The loss per share for the quarter was also lower than expected at 3 cents compared to 12 cents, as forecast by analysts surveyed by Refinitiv. The company has not provided an updated financial forecast or comment on the recall of the treadmill.
Expedia – Travel platform shares rose 6.9% after posting an adjusted loss of $ 2.02 per share on revenue of $ 1.25 billion in the first quarter. According to Refinitiv, analysts had expected a loss per share of USD 2.31 on sales of USD 1.12 billion.
Beyond Meat – The plant-based meat manufacturer’s shares fell 6.5% after an unexpectedly large loss in the three months ended March 31, as diners take longer to return to restaurants and grocery shoppers inventories slowed in the coronavirus era.
Dropbox – Dropbox shares rose 2.3% after the cloud storage company posted first-quarter earnings of 35 cents per share on sales of $ 512 million. Analysts polled by Refinitiv had expected earnings of 31 cents per share on sales of 505 million US dollars.
TripAdvisor – TripAdvisor fell 6.1% after posting a first-quarter loss of 39 cents per share, excluding one-time items, on revenue of $ 123 million. According to Refinitiv, analysts had expected a loss per share of 32 cents on sales of 121 million US dollars.
Bill.com – Shares in Bill.com rose more than 15% after the financial software company announced it was selling expense management software, Divvy, for about $ 2.5 in a cash-and-stock deal take. The transaction is expected to close in the first quarter of Bill.com’s fiscal year ending September 30th.
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