Stocks making the biggest moves by the hour: Coinbase, Roblox and more
In this photo illustration, the Coinbase logo appears on a smartphone screen.
Rafael Henrique | SOPA Images | Lightrocket | Getty Images
Check out the companies making headlines in after-hours trading.
Coinbase – Coinbase fell more than 3.5% in after-hours trading after reporting quarterly results. The company missed analysts̵[ads1]7; expectations for both revenue and earnings, partly due to the “crypto winter” seen in the second quarter.
Roblox – Roblox fell nearly 14% postmarket Tuesday after the company’s quarterly earnings fell short of Wall Street expectations. Roblox reported a loss of 30 cents per share on $639.9 million in revenue, versus analysts’ estimates of a loss of 21 cents on $644.4 million in revenue. In addition, Roblox reported 52.2 million daily active users in the quarter, less than expected by Wall Street and down from the first quarter.
Wynn Resorts – Shares of Wynn Resorts fell more than 2.5% late Tuesday after the gaming company missed Wall Street’s revenue estimates. Wynn reported a loss of 82 cents per share on revenue of $908.83 million, compared with analysts’ estimates of a loss of $1.11 on revenue of $980.85 million.
Unity Software – Unity Software fell nearly 3% after the closing bell following disappointing quarterly earnings that missed Wall Street expectations. Unity reported $297 million in revenue and a loss of 69 cents per share, against expectations of $299 million in revenue and a loss of 21 cents.
Sweetgreen – Shares of the salad company lost more than 20% in after-hours trading Tuesday after it cut its full-year outlook, said it would lay off 5% of its workforce and downgrade office space. The company met revenue expectations, reporting 36 cents per share, but fell short on revenue, reporting $124.9 million versus expectations of $130.2 million.