Stocks making the biggest moves after hours: Disney, Fox, Roku

on May9
by | Comments Off on Stocks making the biggest moves after hours: Disney, Fox, Roku |

Check out the companies making headlines after the bell:

Shares of Disney popped in extended trading after the mass media company reported second-quarter results that beat expectations on the top and bottom lines. The company reported earnings of $1.61 per share on revenue of $14.92 billion, topping analysts’ estimates of $1.58 per share on revenue of $14.36 billion.

CEO Bob Iger announced that “Avengers: End Game” will be streaming exclusively on Disney+, the company’s soon-to-be-launched streaming service, starting Dec. 1.

Roku stock surged more than 7% after the media-player manufacturer reported first-quarter earnings that surpassed expectations. The company reported a loss of 9 cents per share and revenue of $206.7 million, beating Wall Street expectations of a 25 cent per share loss and $191.9 million in revenue. The company’s platform revenue increased 79% year over year. Average revenue per user for the period came in at $19.06, 32 cents higher than analysts has projected.

The company also raised its guidance based on its own estimates that 1 in every 3 smart TVs sold in the U.S. during the first quarter were Roku TVs.

Fox’s shares rose nearly 6% after the broadcasting company reported better-than-expected third-quarter earnings. Fox reported earnings per share of 76 cents and revenue of $2.75 billion. Wall Street had been expecting earnings per share of 67 cents and revenue of $2.61 billion. Its the company’s first earnings report after selling its entertainment assets to Disney. Fox attributed its increase in revenue to affiliate and advertising revenues.

Fox also announced a sports and media partnership with online gambling company Stars Group called Fox Bet. The news sent shares of that company surging more than 20% after hours.

Etsy stock dropped nearly 6% in extended trading after the company’s CFO revealed that the online retailer has paused some of its marketing investments. The company reported first-quarter earnings of 24 cents per share, 10 cents per share higher than expected, and revenue of $169.3 million, slightly lower than the $170.1 million expected.

Stamps.com stock plunged more than 45% during after hours trading after the company lowered its guidance for the 2019 fiscal year. The company now estimates full-year earnings per share of between $3.35 and $4.85, down from a range of $5.15 to $6.15. Analysts had expected 2019 fiscal year guidance of $5.43 earnings per share.

Stamps also reported first quarter earnings of $1.23 per share on revenue of $136 million, compared with Refinitiv consensus estimates of $1.07 earnings per share on $126.1 million in revenue. Last quarter, the stock plunged 50% after announcing on the company’s earnings call that it had given up an exclusive contract with the U.S. Postal Service.

Shares of e.l.f Beauty dropped 14% after the cosmetic company reported weak guidance for the 2019 fiscal year, despite reporting better-than-expected fourth-quarter results. The company reported earnings of 6 cents per share, 1 cent higher than expected, and revenue of $66.1 million, $9.5 million higher than expected. The company also announced a $25 million buyback program.

Shares of Fossil surged nearly 10% after the watch maker reported a narrower-than-expected first-quarter loss. Fossil reported a loss of 42 cents per share, compared with the estimated loss of 64 cents per share, and revenue of $465 million, compared with estimated revenue of $454 million. The company highlighted a strong growth in Asia, specifically China and India.



Previous postWalmart raising tobacco purchase age to 21 Next postLarge Cache of Guns Found at Holmby Hills Home


Los Angeles Financial times


Copyright © 2021 Los Angeles Financial times

Updates via RSS
or Email