Pedestrians walk past a Shake Shack location in New York.
Scott Mlyn | CNBC
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Shake Shack shares fell more than 14% during expanded trading after the burger chain reported revenue in the third quarter, but weaker than expected same-store sales. The company had earnings of SEK 26 per share, which exceeded earnings of SEK 0.20 per share Wall Street expected, according to Refinitiv. Shake Shack was in line with revenue estimates of $ 1[ads1]57.8 million.
Sales of the same store increased by 2%, falling below the 2.5% increase that analysts had predicted. Shake Shack expects to open between 40 and 42 new domestic, company-run stores and between 20 and 25 new licensed stores, the company detailed in its preliminary outlook for fiscal year 2020.
Myriad Genetics shares fell more than 30% after company reported revenue from the first quarter that missed expectations, lowered the outlook for the full year and gave poor guidelines for the second quarter. The diagnostic company reported revenue in the first quarter of $ 0.10 per share on revenue of $ 186.3 million, falling below 32 percent earnings per share and revenue of $ 202.1 million expected, according to Refinitive Consensus Estimates.
"We had a challenging start to fiscal year 2020 when hereditary cancer revenue from small payers was affected by the deletion of the historical hereditary cancer CPT codes," says CEO Mark Capone. "Despite this setback, we expect earnings to be significantly higher in the second half of the fiscal year and believe that a number of key boom times will materialize during the fiscal year and generate momentum as we move into fiscal year 2021."
Uber dipped 5% after the company topped revenue expectations in the third quarter. The ride giant reported a loss of $ 68 per share on revenue of $ 3.81 billion, better than the 81 percent loss per share and revenue of $ 3.69 billion analysts expected.
The company's tariff rate, or adjusted net income as a percentage of gross bookings, also performed better than expected. However, Uber's monthly Active Platform Consumers (MPAC) and gross bookings did not fall.
Groupon shares held more than 8% after the online coupon market reported third-quarter earnings that fell below expectations. The company reported 1 cents per share on revenue of $ 496 million, while Wall Street projected earnings of 3 cents per share and $ 525 million in revenue, according to Refinitive Consensus Estimates.
RealReal shares originally jumped 6% before settling near the closing price after the company reported a third-quarter earnings price. The luxury shipping platform reported a loss of $ 0.27 per share on revenue of $ 80.5 million, which was better than the 31-cent loss per share and revenue of $ 75.9 million analysts expected, according to Refinitive.
Shares of Marriott slipped more than 3% on the clock after the company's mixed revenues in the third quarter. The hotel giant had earnings of $ 1.47 per share, falling just below the estimated $ 1.49. Revenues came in at $ 5.28 billion and exceeded $ 5.13 billion in revenue analysts as expected, according to Refinitive Consensus Estimates.
Marriott's revenue per available room increased by 1.5%, although the company also expects RevPAR for the full year 2020 to rise to 2% worldwide.
Hasbro shares slipped nearly 3% after the toy maker announced a new issue of $ 875 million of the stock. Hasbro said it will use the proceeds from the offer in the proposed acquisition of TV production company Entertainment One. Bank of America Securities, JP Morgan Securities and Citigroup Global Markets will act as joint bookkeepers for the offer, Hasbro explained in a press release.
Adobe shares jumped 5% after the software giant announced the 2020 Outlook fiscal year. The company expects $ 13.15 billion in sales and adjusted earnings of around $ 9.75 per share in fiscal year 2020. Adobe also raised its annual fourth-quarter revenue target for digital media to about $ 475 million, up $ 25 million above the previous target. Adobe's shares are up about 23% the year before, and the company will report its fourth-quarter earnings on December 12.
Reuters contributed to this report.