Uncategorized
Stocks making the biggest moves after hours: Bed Bath & Beyond, Lyft, Western Union and more
Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York.Mark Kauzlarich | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell:Lyft – The ridesharing company’s stock fell more than 5% in extended trading after reporting fourth-quarter financial results that beat expectations but did not update its profitability…
Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York.
Mark Kauzlarich | Bloomberg | Getty Images
Check out the companies making headlines after the bell:
Lyft – The ridesharing company's stock fell more than 5% in extended trading after reporting fourth-quarter financial results that beat expectations but did not update its profitability timeline as competitor Uber did last week. Lyft has previously said it expects to be profitable by the fourth quarter of 2021. Lyft reported a loss per share of $1.19 while analysts expected a loss of $1.39 per share, according to Refinitiv. Revenue beat forecasts, as the company reported $1.02 billion while analysts expected $984 million.
Bed Bath & Beyond – The retail company's stock plummeted 25% in extended trading after it announced preliminary guidance data for the first two months of the 2019 fourth quarter. Same-store sales fell 5.4% driven by the decline in-store traffic, the company said in the release. “We are experiencing short-term pain in our efforts to stabilize the business,” President and CEO Mark Tritton said in the announcement.
Western Union – Shares of the financial services company dropped more than 4% in extended trading after the company reported fourth-quarter results that missed analysts' estimates on the top and bottom line. Western Union reported earnings of 38 cents per share excluding items on revenue of $1.31 billion while analysts expected earnings of 43 cents per share on revenue of $1.32 billion, according to Refinitiv.
Akamai – The cloud computing company's stock rose 3% in extended trading after the company reported strong fourth-quarter results that beat analysts' estimates. Akamai reported earnings of $1.23 per share on revenue of $772.1 million while analysts expected earnings of $1.13 per share on revenue of $749.3 million, according to FactSet.
NCR Corporation – The software company's stock dropped 5% in extended trading after the company reported weak fiscal year guidance of $2.75 to 2.85 per share while analysts expected $3.07 per share. NCR did, however, report strong fourth-quarter results that beat analysts' estimates on the top and bottom line. The company reported earnings of 85 cents per share excluding items on revenue of $1.89 billion while analysts expected 84 cents a share on revenue of $1.75 billion, according to FactSet.
Subscribe to Centenunlimited news
We hate SPAM and promise to keep your email address safe
