Hi-Fi owners in front of the New York Stock Exchange (NYSE) during an initial public offering (IPO) of Chewy Inc. in New York, USA on Friday, June 14, 2019.
Michael Neagle | Getty Images
Check out the companies that make the headlines after the bell::
Chewy — Chewy shares fell about 2% after business hours, even though the company’s first-quarter performance exceeded Wall Street estimates. Pet product retailers reported first-quarter revenue of $ 9.14 billion per share in revenue of $ 2.14 billion. According to Refinitiv, analysts were looking for a loss of $ 2.13 billion and a loss of 3 cents per share.
Dave & Buster’s — Dave & Buster’s stock surged 5% in expansions after restaurants and entertainment companies reported higher-than-expected first-quarter earnings by analysts. According to Refinitiv, Dave & Buster’s quarterly earnings were 40 cents per share, but analysts predicted a loss of 16 cents per share. The company’s first-quarter revenue is also higher than Street’s forecast.
Vertex Pharmaceuticals — Vertex Pharmaceuticals shares fell 13% in after-hours trading after the company announced that it would end development of its liver disease drug VX-864. “The magnitude of the therapeutic effect observed in this study is unlikely to lead to substantial clinical benefit,” Vertex said in a press release.
AMC Entertainment — AMC Entertainment’s share fell 1% in extended deals after a retail favorite hit a wall during a regular session. Stock prices have risen sharply recently, but have fallen by more than 10% this week. Still, AMC’s share is up 1,919% in 2021.
Chewy, Dave & Busters, Vertex Pharmaceuticals, etc.
Source link Chewy, Dave & Busters, Vertex Pharmaceuticals, etc.