Business

Lyft, Take-Two, Tripadvisor and more

A traveler arriving at Los Angeles International Airport seeks ground transportation during a statewide action to demand that Uber and Lyft comply with California laws and grant drivers “basic employee rights.” Los Angeles, California, USA, August 20. , 2020.

Mike Blake | Reuters

Check out the companies that make headlines in the afternoon trade.

Elevator — Lyft shares fell 13% after the ridesharing company reported mixed earnings results. Lyft reported adjusted earnings per share of 10 cents, up from analysts’ expectations of 7 cents, but revenue fell short of Street’s forecast at $1.05 billion versus $1.06 billion expected, according to Refinitiv.

Take-Two interactive — Shares in software company Take-Two plunged 15% after the company reported lost revenue and lowered its forecast for the rest of the fiscal year. Revenue for the quarter was $1.50 billion versus $1.55 billion expected. The company also expects weaker-than-expected net orders for the current quarter and for the full year.

Tripadvisor Tripadvisor stock fell over 15% after business hours due to lost earnings. According to Refinitiv, the company reported adjusted earnings per share of 28 cents, while analysts had expected adjusted earnings per share of 38 cents. However, revenue was $459 million versus $442 million forecast.

Sineos Health – Shares of Syneos Health fell 13.5% after rising nearly 17% during normal trading hours. Investors may be buying and selling the biopharmaceutical company after its shares fell 46% on Friday on disappointing earnings results.

Five9 Shares of cloud company Five9 fell 14% after the release of quarterly results. The company reported revenue of $198.3 million, which exceeded all expectations. However, fourth-quarter revenue and earnings-per-share guidance came in below expectations.

groupon — Groupon shares fell 4.8% after the company reported disappointing earnings and losses. The company posted a loss of 68 cents per share on $144.4 million. Analysts had expected a loss of 40 cents per share on revenue of $157.3 million, according to StreetAccount.


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