Coinbase, Roblox, Electronic Arts and more

0

The logo of Coinbase Global Inc, the largest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others in Times Square in New York, U.S., April 14, 2021.

Shannon Stapleton | Reuters

Check out the companies making headlines after the bell:

Coinbase – Shares fell 11.5% in extended trading after Coinbase reported lower-than-expected first-quarter earnings. Coinbase reported revenue of $1.17 billion against Refinitiv’s consensus estimate of $1.48 billion. The company said falling crypto asset prices and market volatility impacted first-quarter results.

Electronic Arts – The stock rose 2.2% after hours despite Electronic Arts narrowly missing Wall Street‘s earnings estimates. The video game company reported quarterly revenue of $1.75 billion, while analysts polled by Refinitiv expected revenue of $1.77 billion on average.

Roblox – Shares fell 6.9% in extended trading after the video game company missed analysts’ projections for higher and lower results. Roblox reported a loss of 27 cents per share in the first quarter on revenue of $631 million. Analysts had expected a loss of 21 cents per share on revenue of $645 million, according to Refinitiv.

Unity Software – The stock plunged 31.6% in extended trading after the video game software company posted revenue below expectations. Unity Software reported first-quarter revenue of $320 million, while analysts polled by Refinitiv had expected $322 million.

Wynn Resorts – The stock of hotel and casino operators fell slightly after hours following a weaker-than-expected quarterly report. Wynn posted an adjusted loss of $1.21 per share when analysts had expected $1.15, according to Refinitiv. Revenue was $953 million versus a consensus estimate of $986 million.

SoFi – The stock rose 1% after hours after falling 12% in the regular trading session, after SoFi accidentally released its quarterly results earlier. SoFi released better than expected numbers on the top and bottom lines, but released weaker than expected guidance.

Occidental Petroleum – The stock fell 1% despite a better than expected quarterly report. Occidental reported first-quarter earnings of $2.12 a share on revenue of $8.53 billion. Analysts had expected earnings of $2.03 per share on revenue of $8.08 billion, according to Refinitiv.

Share.

Comments are closed.