Welcome to Extreme Investor Network, where we bring you the latest insights and updates on the companies making headlines in after-hours trading. Today, we’ll take a closer look at some of the major movers and shakers in the market.
Paramount Global, a media company, saw a 5.7% jump after reporting a massive earnings beat for the second quarter. While the company exceeded analysts’ expectations on earnings per share, its revenue fell short of estimates. Paramount also announced plans to cut 15% of its U.S. workforce as part of a cost-cutting strategy ahead of its merger with Skydance Media.
Expedia, an online travel company, experienced a 2.2% slip in after-hours trading. Despite beating expectations on earnings per share and revenue, Expedia noted a challenging macroeconomic environment and softening travel demand in July.
Unity Software, a video game development company, saw a 4.6% drop after forecasting third-quarter revenues below estimates, despite beating Wall Street’s expectations for earnings and revenue in the second quarter.
Take-Two Interactive Software, a video game maker, gained 4.8% after posting stronger-than-expected earnings per share in the second quarter. However, the company missed revenue estimates for the period.
These are just a few examples of the companies making waves in after-hours trading. Stay tuned to Extreme Investor Network for more updates and analysis on the latest market movers and investment opportunities.
In addition to the companies mentioned above, other noteworthy performers in after-hours trading include E.l.f. Beauty, Doximity, Capri Holdings, Trade Desk, Sweetgreen, Insulet, Akamai Technologies, and DXC Technology. Each of these companies exhibited unique factors that influenced their stock performance, providing valuable insights for investors looking to stay ahead in the market.
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