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Home / Business / Stocks that make the biggest moves by hours: Take-Two, Tencent Music

Stocks that make the biggest moves by hours: Take-Two, Tencent Music



NEW YORK, NY – MAY 13: Traders and financial professionals work in front of the closing bell on the floor of the New York Stock Exchange (NYSE) on May 13, 2019 in New York City.

Drew Angerer | Getty Images News | Getty Images

Take a look at the companies that make headlines after the clock :

Shares of Take-Two Interactive fell more than 1% during extended trading on Monday after the game world reported revenue that missed estimates and weak first -kartveiledning. The company cited lower than expected income from orders. Take-Two provided a first quarter revenue statement for $ 31

0 million to $ 360 million, while analysts had an estimated $ 418 million revenue.

The company reported a fourth-quarter earnings per share of 50 cents on revenue of $ 488 million. Wall Street analysts had expected sales of $ 507 million, according to Refinitive Consensus estimates.

Shares in Tencent Music fell more than 6% after the company reported a mixed result in the first quarter. The streaming service provider reported earnings per share of 0.72 Chinese yuan – higher than analysts' estimates of 0.69 yuan per share – and revenues of 5.74 billion yuan, just below 5.8 billion yuan forecast by analysts.

The StoneCo share jumped almost 5% after hours, despite the company's better than expected result in the first quarter. StoneCo also announced a share buy-back program that will enter into force in the second quarter of 2019.

Immersion increased nearly 15% after the company announced its decision on patent law against Samsung and agreed on a global patent and technology license for quarterly royalties on mobile devices. The technology company also announced that Sony will license its patent portfolio for their upcoming gaming and VR controls. The company also reported quarterly earnings of 35 cents per share on revenue of $ 5.1 million.


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