Josh Silverman, CEO of Etsy.
Adam Jeffery | CNBC
Check out the companies that are making headlines after the bell:
Etsy – Etsy stock fell 14% in expanded trading, although adjusted earnings and earnings for the second quarter were reported above analyst forecasts. The company also released financial guidance for the third quarter below estimates.
Electronic Arts – EA shares rose more than 3% in after-hours trading after the video game maker reported $ 1.34 billion in sales, ahead of the $ 1.28 billion surveyed by Refinitiv. Chief Financial Officer Blake Jorgensen gave a bright outlook: “Based on our strong performance this quarter and based on our continued confidence in our live services, we are raising our outlook for the full year. Our strategic position has never been so strong, with growth drivers “for this year, next year and beyond.”
MGM Resorts – MGM stock rose 1% in expanded trading after posting surprising earnings per share in the second quarter. The resort operator said it had adjusted earnings of 14 cents per share for the three months ended June 30, well above the 30 cents per share loss that Refinitiv polled analysts had expected.
Roku – Roku fell 8% in expanded trading after reporting earnings of 52 cents per share on revenue of $ 645 million in the second quarter. The downward pressure on the stock came despite the solid sales forecast for the third quarter.
Uber – Uber stock fell 8% after reporting earnings of 58 cents per share on revenue of $ 3.93 billion for the second quarter. According to Refinitiv, analysts had expected a loss per share of 51 cents on sales of 3.75 billion US dollars. Investors appeared to be selling the stock as Uber spent a lot of money on incentives to attract drivers in the face of a shortage.
Wynn Resorts – Wynn Resorts was up less than 1% after reporting a loss of $ 1.12 per share on revenue of $ 990 million in the second quarter. According to Refinitiv, analysts had expected a loss per share of 1.61 US dollars on sales of 933 million US dollars.